Earnix Opens German Sales and Support Office

FRANKFURT, GERMANY – JUNE 20, 2006 – Earnix, the world leader in price optimization solutions for the financial services market, today announced the opening of a German office. The Frankfurt-based office will service German-speaking countries.

The opening of the office is part of the company’s strategy to bolster its successes in the European market and to support existing and future customers. The company currently provides price optimization solutions to leading financial services institutions in Europe, Australia, and South Africa.

“We have had remarkable success in Germany and other European countries,” said Roy Iscovitsch, Chief Executive Officer of Earnix. “As insurance companies and banks look for a sustainable competitive edge in acquiring and retaining the best customers in order to realize short and long term corporate goals, we have found a fertile ground for Earnix’s analytical solutions in the financial services market. The opening of our German office is intended to provide our existing and future customers with local support.”

The opening of the German office coincides with the new hire of Marcus Looft, Senior Consultant. Mr. Looft was most recently the Leading Consultant for Non-Life services at Watson Wyatt in Germany, an international actuarial consulting company and prior to that held technical and business roles at Winterthur Group, a global insurance company.

Earnix’s solutions generate significant profit increases for leading financial service providers, improving net interest margins by 10-35 basis points and underwriting profit by 3-5% of gross premium revenue. Earnix lists leading companies such as Zurich Financial Services as satisfied clients. In fact, six of the world’s largest financial services companies are today using Earnix products to improve their bottom line.

About Earnix
Earnix is the world leader in price optimization software solutions for the financial services market. Earnix solutions are today being used by leading financial institutions to achieve significant improvements in profitability.
Earnix is led by a team of seasoned professionals with experience in financial services, price optimization, and enterprise software development. The company is privately funded by leading venture capital firms.

For More Information Please Contact:
David Lavenda
Vice President of Marketing
Earnix Ltd.
Tel. + 972-3-7538292 ext. 8306
Cell. + 972-542-239006
Fax + 972-3-7538221