Brainpower Gears Up Operation in Germany with Appointment of New Country Manager and Business Development Manager

GERMANY, Feb. 22, 2001 (PRIMEZONE) -- Brainpower (Neuer Markt:BPW), provider of investment analysis and decision-support software tools for the investment community, has announced two new appointments and the opening of a new sales office in Frankfurt.

Davut Deletioglu and Hans-Ludwig Schmid joined the company as Country Manager and Business Development Manager respectively. Davut will report to Brainpower's Vice President for Europe and will be responsible for building and expanding Brainpower's operation in Germany. Both Davut and Hans will be based in Brainpower's Frankfurt office.

Davut previously held a variety of sales, management and consultancy roles at Dow Jones Telerate, Reuters AG and latterly Bridge Information Systems where he headed up a sales team selling both traditional and e-commerce products into financial markets directly and via third parties.

Davut commented, "I am very happy to join the company since I think that Brainpower state-of-the-art technology will satisfy the increasingly complex demands of the German banking system. On the basis of the high quality of our software and of our prestigious European client list I believe that the German market will be quick in adopting Brainpower products"

Hans-Ludwig has an impressive track record in sales. While at Factiva he managed the alliance between Dow Jones and greatly contributed to the successes of the Business Information Unit.

"I have a background in financial services and, particularly, in selling information solutions," explained Hans-Ludwig, "The Internet is a huge opportunity for the industry and Brainpower has great products to help companies maximize their potential on the web quickly and easily. I am looking forward to the challenge of making Brainpower a market leader in Germany."

Jim Barton, Brainpower's Vice President for Europe commented, "I am pleased to note that since Brainpower went public the number of highly qualified professional people who have decided to join our organization has continuously increased. It is a pleasure for me to welcome Davut and Hans to the Brainpower team."

Notes To Editors

About Brainpower

Brainpower is a developer and supplier of investment analysis and decision support tools for investment professionals and online financial service providers. Brainpower's solutions are differentiated by their advanced capabilities to support enhanced decision-making for investment professionals and their clients, including retail investors. Brainpower works with its clients and partners, to help realize their strategic goals for delivery of services to clients and good fund performance through the effective use of technology.

The organization's high-end decision support tools for investment professionals, BrainpowerFINEST and BrainpowerTopFunds, support the analysis and management of stocks, mutual funds and portfolios. The technology is database-independent operating in a client/server environment. Based on recognized industry standards and solutions, the technology can be fully integrated into a client's existing technological environment.

The newly developed BrainpowerNetXceed supplies the key functionalities of BrainpowerFINEST and BrainpowerTopFunds offering for online financial service providers. BrainpowerCompete! and BrainpowerFriends are innovative tools for marketing and sales professionals in the financial services sector facilitating client acquisition and retention. Customers include leading players in the fields of asset management, private banking and online financial services.

Brainpower is a Dutch company and is currently represented in major European financial centers through nine offices: Frankfurt, London, Lugano, Milan, Madrid, New York, Paris, Stockholm and Zurich.

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