June 22, 2005 - Dublin, Ireland - Luc Philips, Director of KBC Group NV, ranked as one of Europe’s top ten financial services organizations with a market capitalization of €21 billion has been appointed as Non Executive Director to the Board of Norkom Technologies.

Luc brings to the Board extensive knowledge and experience of the financial services industry where he has held a wide range of executive level roles including Managing Director of Almanij and directorships of KBC Group, KBC Bank and KB Luxemburg where he serves as Chairman of the Audit Committee. In addition Luc chairs the Board of KBC Insurance. His expertise in developing and executing corporate strategies for the management and prevention of financial crime coupled with his in-depth understanding of the business implications of the financial services regulatory environment will bring immense value to the Board of Norkom.

“Today the financial services industry is facing major challenges as the complexity and sophistication of criminal activity sky rockets and the demands of the industry’s regulatory compliance requirements continue to increase. Having first hand experience of the impact of both issues on the business, I am very pleased to be joining the Board of Norkom. Norkom represents an organization that has the vision to understand that the challenges facing the financial services industry in relation to tackling crime and compliance are not mutually exclusive – a vision that is clearly reflected in the way it has developed its financial crime solutions. I am looking forward to contributing to the direction of the company and offering my background and experience as a resource and sounding board for the ongoing development of Norkom’s financial crime solutions and its business strategy”, comments Philips.

Norkom’s growing success in the market place is reflected by the ongoing growth of the company’s client base with recent contact wins including deals with Euroclear, Travelex and Erste Bank Group.

“As a company Norkom believes that success is a result of truly understanding the needs of our clients and the industry and ensuring that our solutions are developed to address those needs. Luc’s appointment to the Board, his expertise and experience in the Financial Service industry strengthens our ability to ensure we keep doing just that,” comments Paul Kerley, CEO, Norkom Technologies.

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