Altoros Announced Real Estate IT Outsourcing and Software Development Contract with AULODEK

Altoros Announced Real Estate IT Outsourcing and Software Development Contract with AULODEK

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FOR IMMEDIATE RELEASE

May 9, 2003

ALTOROS SYSTEMS ANNOUNCES NEW CONTRACT ACQUISITION

ALTOROS Systems announced todayReal Estate IT Outsourcing and Software Development contract acquisition with AULODEK, a major Real Estate Consulting and E-Business Development company based in France. AULODEK offers corporate real estate clients and private investors an opportunity to successfully invest in commercial and residential E-Business in major European markets and worldwide.

ALTOROS Systems has been hired to help AULODEK with their Information Technology (IT) Development initiatives. One of the key objectives of the engagement is to develop an E-Commerce Solution for AULODEK. Due to the rapid growth of AULODEK, achieved in part through acquisitions, there has been a proliferation of different business systems throughout the company.

ALTOROS’s mission is establish and develop B2C portal and reach the business goals, deliver faster service, increase customer satisfaction and better profitability. ALTOROS Systems will help AULODEK develop a solid web presence, giving a consistent corporate image for it’s new venture. Future plans call for developing e-commerce and customer service functionality on the site.

“We are thrilled that AULODEK has selected us as their IT outsourcing partner. We look forward to help them with IT and E-Business Development initiatives leveraging our expertise and innovative approach in software and web development for the Real Estate industry and new analytic business models. We hope to be able to make a key difference to their business,” said Renat Khasanshyn, ALTOROS Systems Sr. Account Executive.

About ALTOROS Systems:

ALTOROS Systems is headquartered in Tampa, Florida. Company operates an office near Boston, Massachusetts and a development center in Belarus and Russia. ALTOROS is a provider of software development outsourcing services, e-business and web-based applications with focus on financial, insurance and health care sectors.

ALTOROS applies a proven development methodology to deliver advanced technology solutions at a great value using a transparent on-site/onshore/offshore delivery model. Please contact us today or visit www.altoros.com for more information.

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