São Paulo, Brazil - 08/20/2007

SABEMI Seguradora S/A (www.sabemi.com.br), one of the most traditional insurance companies in Brazil, has announced the selection of GesFin^TM to implement the management project of its Investment Funds in Credit Rights – FIDC SABEMI Financeiro. The company specializes in public servants’ payroll consignation, and operates in the areas of life insurance, private insurance against accidents, complementary social insurance, and financial assistance.

According to the GesFin^TM Commercial Director, Antonio Dutra Junior, “SABEMI is structuring its financial management platform, and GesFin^TM is perfect to promote integrated management between the FIDC application and the Corporate Financial Planning. We have been extensively assessed regarding our competencies and our understanding of the client’s needs. We are very glad SABEMI has chosen us, which consequently increases our responsibility.”

The underlying assets of FIDC SABEMI Financeiro are credit rights which come from grants agreements of SABEMI Seguradora S/A’s financial assistance, which were entrusted through payroll, and which are duly formalized by SUSEP 320/06. Standard&Poor’s Rating Services, has attributed the “brAAf” rating for SABEMI Seguradora S/A, for its R$100 million fund structure.

According to Márcia Hupfer, Manager of the FIDC Process, “GesFin^TM solution will lead the FIDC thoroughly, starting from the sorting and selection of the receivable accounts, to the operation financial analysis, to rollovers, to accounting, and to the effective insurance funds through dashboards and managerial reports”. In addition, at a second stage of the project, this FIDC application will be integrated to the Planning process of SABEMI with GesFin^TM v3, thus feeding planning, and performing a complete monitoring of the company bottom-line”. The GesFin’s capability to generate scenarios and simulations will be applied to SABEMI’s FIDC business, which is fundamental for the operation dynamics and security”, complements GesFin^TM Commercial Director, Antonio Dutra Junior.

About SABEMI

SABEMI Seguradora and SABEMI Previdência Privada are outstanding companies in the Brazilian insurance market, with over 30 years of experience, focused on both customers and results. Their net equity has surpassed R$30 million in 2006, and the company projects a 50% growth compared to 2006, always counting on the participation of their brokers, employees and collaborators. SABEMI Seguradora S/A is an HSBC partner for consigned credit operations.

About GesFin

GesFin^TM is a Brazilian company which offers consulting services and development of solutions aimed at both intelligence and maturity of corporation financial management. The major solution of the company, GesFin^TM Planning, is a web-format software which allows executives, specially those of the financial area, to aggregate the highest possible value to their work, by giving support to the use of the best methodologies available, counting on cutting-edge products, which are accessible and quickly implemented.