Powerlan's unit trust and asset management software division,Portfolio Manager, announces it is rebranding as Garradin, and -- Erg Powerlan

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Date Posted: 05:43:00 04/14/03 Mon
Author: launching Version 7 of its Portfolio Manager Systems (PMS) softwarenow rebranded as Garradin Portfolio.14/4/03,
Subject: Powerlan's unit trust and asset management software division,Portfolio Manager, announces it is rebranding as Garradin, and
In reply to: 31/3/03--PLDT 20m phase1 complete low was 2.3 (2.5) 2.7 's message, "PWR--Clarity--Phillipines." on 05:32:51 04/14/03 Mon

POWERLAN LIMITED 2003-04-14 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
Powerlan's unit trust and asset management software division,
Portfolio Manager, announces it is rebranding as Garradin, and
launching Version 7 of its Portfolio Manager Systems (PMS) software,
now rebranded as Garradin Portfolio.

The Garradin system is the only fully integrated unit trust and asset
management software suite in Australia that is accessible to both
enterprise-level and boutique managers. Garradin, which already has a
strong enterprise customer base, also offers a flexible monthly
rental pricing model making it accessible to smaller managers too.

"Financial services players who hope to maintain a competitive edge
need to keep abreast of costeffective, efficient and easy-to-use
technologies that help them to automate their unit trust and asset
management systems," explained Garradin business development director
Simon Dominguez. "Our Australian designed and developed offering,
with its monthly rental model, makes it possible for the growing
market of small and medium-sized fund managers to enjoy the same
functionality to which the ir larger counterparts have long been
accustomed."

The name change from Portfolio Manager System to Garradin - an
Aboriginal term inferring wealth - is also aimed at giving the
company and product a stronger identity in the market as there are a
number of similar, but unrelated product names, which is causing
confusion.

"Selecting an Aboriginal word for our new name reinforces the fact
that our product is Australian developed, meaning that customers are
assured not only of local support but also of ongoing compliance with
complex and ever changing Australian tax and regulatory
requirements," said Dominguez. "US based Advent Software's recent
decision to close its Australian operations further highlights the
importance of having local support."

The latest version (Version 7) of Garradin's automated unit trust and
asset management system boasts significant enhancements and
performance improvements as well as a number of important new
features.

One of these is web capability, improving the information flow to
clients by enabling them to view their latest portfolio details
online. Version 7 also boasts a foreign exchange module and a
payments and receipts module, enabling automatic reconciliation of
bank account entries and transactions.

Enhancements include increased efficiency with interfacing, hybrid
securities, additional building blocks for straight-through
processing, and a substantially improved and independently certified
capital gains tax (CGT) module. The new Advanced Report Writer now
enables the creation and publication of marketing quality reports,
letters and statements.

ABOUT GARRADIN

Garradin Portfolio is a comprehensive multi-currency investment
management system designed for professional investment managers to
manage their portfolio and trading activities in major domestic and
international markets. Key features include the ability to manage
securities trading and settlement, analyse the composition of
portfolios, value and track their performance, check their compliance
against preset rules and mandates, generate accounting entries, and
produce a variety of operational and management reports, as well as
customer documents.

Garradin Portfolio also incorporates a comprehensive Unitised Funds
subsystem that manages the unit registry and unit pricing processes.
These modules are designed for use in either stand-alone mode or as
an integrated part of Garradin Portfolio. Garradin Portfolio has been
widely accepted by fund managers, wrap providers, trustees,
custodians, banks, stockbrokers, insurance companies and financial
planners and has a significant market share of some 30 percent of the
Australian marketplace. Clients include Macquarie Bank Wrap,
Perpetual Trustees and Tower Insurance, as well as boutique managers
Parker Asset Management, Austock Brokers and Alpha Investment
Management.

Further information can be found at www.garradin.com

For more information:
Garradin Watterson Marketing Communications
Simon Dominguez Louise Weihart
Tel: 02 9925 4600 Tel: 02 9437 6122
Mobile: 0407 075 482 Mobile: 0400 535 868
sdominguez@garradin.com louise.weihart@watters on.com.au
www.garradin.com www.watterson.com.au

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