Outstanding Service Ratings Push Record Revenue at COCC

AVON, Conn., January 28, 2008 – COCC, the region’s leading provider of next generation technology services for financial institutions, today announced that 12 community banks and credit unions selected the company for technology partnerships in 2007. These include COCC’s first core processing clients in New Jersey and Tennessee, and its 10^th client in Ohio. The company also experienced a dramatic increase in sales of its image exchange products plus strong activity in risk management, putting COCC on track for its third consecutive year of double digit revenue growth.

“We are absolutely thrilled with these results,” said Richard A. Leone, COCC’s President and CEO. “Over the last five years, we have increased our total client roster by more than 60% and our earnings by 89%. Also during that period, COCC’s clients have consistently rated the company’s services well into the excellent range. While earnings and growth are important for any business, service quality is the first priority at COCC. Our sales success shows the importance of client satisfaction in our marketplace.”

Since 2003, COCC has increased its total number of clients from 97 institutions to 157 today, earning a place in the Connecticut Technology Fast 50 for revenue growth for the past two years. At year end 2007, additional market success was propelling COCC to its third consecutive record pace for revenue. The company now projects a 13% gain above last year when the fiscal year concludes in June.

COCC’s record revenues are the result of increased core processing sales and a corresponding increase in the company’s strategic product business. COCC’s strategic products consist of business intelligence, communications, financial management, payments, and risk management services. Increased check processing volume plus sales of risk management solutions contributed to revenue growth, particularly in anti-money laundering, OFAC/FinCEN monitoring, and Internet security products. Productivity solutions such as Oracle Financials and CRM also saw strong interest.

New automation features in COCC’s image inclearing product had the additional effect of shifting the company’s paper check to image ratio from 92% paper/8% image in September, 2007 to 78% paper/22% image in December, 2007. Further gains are anticipated as the year progresses.

“Our next generation technology helped us implement the most feature-rich solutions faster than our competition,” said Steve Kayser, COCC’s Senior Vice President and Chief Marketing Officer. “Community banks and credit unions saw the difference in COCC’s Oracle-based technology and knew that we had the platform and the service commitment to keep pace with the rapid and in-depth changes required by the regulators and the financial services industry as a whole.”

The company received several awards for its innovations during the past two years, including prizes in 2007 for its use of “virtual” computing technology to reduce energy consumption by 80% and for reconfiguring its Oracle Financials applications to save more than 40% of operating cost.

While accumulating awards and sales, COCC has also earned a strong record of client satisfaction. The company surveys its clients on a quarterly basis, asking about overall responsiveness, product relevance, staff attitude, and more. Since 2003, COCC has earned an average score of 4.22 on a scale of 1 to 5 from all clients. The most recent rating in November, 2007 was 4.32.