May 20, 2002

NEWS RELEASE

Sun accepts Octet to iForce(sm) Application Provider Partnership Program


Sun Microsystems, Inc. (Sun), a leading provider of industrial-strength hardware, software and services worldwide, recently officially accepted Octet Corp. (Octet), a private New York software development company, to its iForce Application Provider Partnership Program also known to the industry as a Global Solution Partner (GSP) program.

Octet joins a score of other successful technology companies creating intellectual property in the form of an integrated solution that combines hardware and software for niche market applications. Octet was recognized as an iForce Partner due to its proven track successfully delivering the customized software to financial services companies. Octet work meets the business needs, demonstrates innovation, and benefits customers with fixed cost structure and good return on investment.

Octet shall bring even more value now with the option to officially procure the latest Sun equipment and Sun software solutions at special discounts, and to provide prompt and competent pre- and post-sale technical support as well as ongoing maintenance of software and hardware. Octet will offer special deals for upgrading existing Sun systems, and for converting competitive systems to the latest Sun technology.

Participation in Sun Competency Training and Certification Programs, tiered in three core levels, - Workgroup level, Enterprise level and Specialist level, which focuses on specific areas of data management, server clustering and Java solutions, - will enable Octet to apply even higher standards to its software development processes and a line of financial software products.

Octet will leverage access to the US Sun Partner Web for getting market exposure via multiple directories of Sun service and product providers, and obtaining up-to-the-minute information about Sun sales and promotions. Other benefits of the partnership include:
  • Enrollment to the Demonstration and Development Equipment Purchase Programs allowing Octet to equip special showrooms and to demonstrate to customers and partners the capabilities of Sun and Octet solutions;
  • Assistance with Press Relations and Literature Production, including direct mail campaigns helping to generate leads, publish marketing materials and informational newsletters.
About Sun Microsystems, Inc.

Since its inception in 1982, Sun Microsystems, Inc. (Nasdaq: SUNW) propelled itself to its position as a leading provider of industrial-strength hardware, software and services that make the Net work. Sun can be found in more than 170 countries and on the World Wide Web at http://www.sun.com

About Octet Corp.

Octet Corp. is a private New York software development company. Octet delivers fixed-cost turnkey solutions for line-of-business operations of financial services institutions. Company's offering includes Octet Trading PlatformTM incorporating scalable software architecture and real-time financial online transaction processing know-how. Octet rolls out WiseChartsTM, an advanced financial charting and technical analysis software product. Octet participates in the industry-wide Straight Through Processing (STP) initiative: its OcteT+1 GatewayTM would enable STP-compliant integration of financial software systems. Octet can be found on the World Wide Web at http://www.octet.com
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