APPXSTM PIONEERS OF ONLINE TRADING SYSTEMS

Premiere fund management solutions providers in Pakistan

May 08 - May 14, 2006

APPLICATIONXS (PVT.) LTD.

AppXS - A portfolio company of TMT- PKIC Incubation Fund, Pakistan's first venture capital fund being managed by TMT Ventures

* The company is currently capitalized at PRs16 million.

* In operation since mid 2000, but was incorporated in August 2001, the same time it came into TMT Ventures' portfolio.

* Presently owned 55.5% by the TMT-PKIC Incubation Fund, 37.83% by AKD Securities and 6.67% by the management group.

* Technical Staff: 35+

CORE COMPETENCY

AppXS specializes in Financial, Online Trade, Brokerage, Clearing & Settlement, Mutual Fund and Banking products and services.

AppXS is a pioneer in developing and implementing online trading systems in Pakistan.

The founders, directors and partners of AppXS have major entrepreneurial and management experience in IT services, banking, financial and brokerage markets. Our technical savvy is reinforced by extensive R&D experience and significant domain knowledge in investment, brokerage and banking sectors.

ZAFAR SHAIKH
CHIEF EXECUTIVE OFFICER

Mr. Zafar Shaikh is seasoned techno commercial professional in the areas pertaining to telecom strategy, information technology, product development, project management, technology marketing and IT operations.

Previously Mr. Shaikh held senior level positions with the IT related business units in the Habib Group in Karachi and Dubai, with the overall responsibility of managing and marketing of hPLUS the high end banking solution deployed locally and internationally in Habib AG Zurich banks globally.

Mr. Shaikh held several key positions at Alcatel Telecom, the largest French telecom multinational in the world. In Alcatel Pakistan operations Mr. Shaikh held various top-level spots including Regional Head Punjab for Alcatel BSD Punjab, responsible for the company operations in the region. As Marketing Manager for Country wide commercial operations Mr. Shaikh was responsible for the launches of new technology based telecom switches and hard box solutions.

He worked at the Alcatel Telecom Head Quarters in Islamabad Pakistan, on Alcatel E10B exchange technology, in close liaison with Alcatel Paris and PTCL Islamabad. Mr. Shaikh holds a BSc-BA and MBA in Computer Science and Marketing from London, U.K.

MR. SYED RAZA ALI
CHIEF TECHNOLOGY OFFICER

Mr. S. Raza Ali has done Research oriented projects in the field of Artificial Intelligence. He has experience of R & D on systems, design and architecture plus implementation of risk management approaches in financial products.

Before Joining AppXS, Mr. Raza Ali was responsible for various tasks as Project Manager in TechnoSys Pvt. Ltd. His main emphasis was on the projects that included development and implementation of financial and strategic analysis products. Mr. Raza Ali holds a Masters degree in Computer Science from Karachi University.

SYED ALI MUTAHIR RIZVI
CHIEF SYSTEMS ARCHITECT

Mr. Syed Ali Mutahir Rizvi is serving in the capacity of Chief Systems Architect. He played key roles in the development of Online trading systems. He has been involved on Java Platforms solutions and possesses ten years of experience with six years in AppXS. He completed his BCS from Baharia University followed by MCS from the same.

SYED TARIQ HUSSAIN
PROJECT MANAGER

Mr. Hussain possesses six years experience of working on investment (banking) sector solutions. As a Project Manager, Mr. Hussain has been engaged mainly in successful deployments of Mutual funds solutions and other investment modules in different Banks and Non Banking Financial Institutions. Mr. Hussain did his M.S. in computer engineering with specialization in software engineering from Sir Syed University followed by B.S. in computer engineering from Sir Syed University.

SYED IFTIKHAR ALI
PROJECT MANAGER

Mr. Ali possesses six years experience of working on Online Shares Trading and Mutual Fund's solutions at AppXS. As a Project Manager, Mr. Ali has been engaged in successful deployments of Accounts Module of Mutual funds and Online Shares Trading solutions. He takes special interest in Technical Analysis of Scrip & Forecasting indicators. Mr. Ali completed his MSc. (Physics) Specialization in Electronics and MCS. in computer Science from Karachi University.

ZEESHAN BIN FARRUKH
PROJECT MANAGER

Mr. Zeeshan leads core development team of online trading section. He has seven years of experience on investment sectors specially Capital Market and Banking sector. As a Project Manager, Mr. Zeeshan has been engaged mainly in successful deployments of TradeDemon and Mutual funds solutions and other investment modules in different Financial Institutions. Mr. Zeeshan completed his M.S. in computer science from PIMSAT.

SHAIKH MUHAMMAD AKHTAR
MANAGER, SALES & MARKETING

Mr. Akhtar is a highly motivated Communication Professional with diverse experience including Web and Print Design, Production, Advertising and Promotional strategies. He joined AppXS in November 2001 at the very early stage of the company and with more than four years of experience, he has become a driving force for all AppXS marketing plans and executions. With his in-depth vision he took strategic moves and helped AppXS face the anticipated challenges of the industry. Mr. Akhtar facilitates AppXS's brokerage clients develop their complete marketing and promotional plans. He has been instrumental in Online Brokerage arena.

JOINT VENTURE PARTNERS

AppXS and Ace Securities (Pvt.) Limited, a top brokerage firm have formed a joint venture partnership in the shape of AceXS online trading. AceXS offers its services to small, medium sized and large investors to trade online using AppXS online technology.

OUR PRODUCTS

AppXS Vast Product Line includes:

* TradeDemonTM version 1.0 (Online trading systems)
* Trade ManagerTM version 1.0 (Pre-Trade Verification)
* CFSTM (Continuous Funding System)
* Power CacheTM (Database Optimization)
* IFFETM (Investment Feasibility Forecasting Enabler)
* CLASSTM version 2.5 (Clearing & Settlement with Broker Back Office)
* VTAMSTM version 2.0 (Virtual Trade Automated Management System)
* FundXSTM Investment Management solutions
* MiMONEYTM Advanced Accounting & Administration Management system
* InveSTARTM Portfolio Management Systems
* ONYXTM Money Market solutions
* BankXSTM SBS 2.0 (Strategic Banking Solutions)

TRADEDEMONTM ONLINE TRADING SYSTEM

* TradeDemonTM, the super fast downloadable application to trade online.

* It is a ground breaking JAVA application, which installs on the computer and offers multiple features to trade online with exceptionally excessive speed and control.

* The application is geared for the active trader or investor where seconds matter and order entry is just a click away.

* TradeDemonTM is an electronic Client Stock Trading System, which allows placing of orders through the Internet (Application & Website) and LAN.

FUNDXSTM INVESTMENT MANAGEMENT SOLUTIONS

FundXS is an innovative and revolutionary straight through processing Fund Managing system with front-to-back office investment and Portfolio management automation for Investment holding firms.

YEARS OF EXPERIENCE

AppXS's Mutual Fund Systems are composed of utilities & components, which we developed over the last four years. These components are utilized in our Portfolio, Equity, Fixed Return, Money Market applications and form the basis of our Investment Management Systems.

AppXS has experience and expertise of over 3 years of in implementing these components with some of the top financial institutions in the country.

MUTUAL FUND RELATED APPLICATIONS

* FundXSTM - Investment Management System
* InveSTARTM - Equity Portfolio System
* ONYXTM - Money Market Management System
* MiMONEYTM - Advanced Accounting System
* UHASTM - Unit Holder Accounting System