Middle East regional manager Tim Blackmore said this solidified the firm's position as a solution provider for Islamic banking.
Turki, General Manager - Retail Banking said, "Our decision to buy the EXUS platform has re-enforced our desire to buy the best solutions that will keep our bank at the forefront of customers service and risk management.
Tim Blackmore, Regional Manager for EXUS Middle East added, "We take great pride in having been chosen by Bahrain Islamic Bank to assist them in addressing their Credit and Collection challenges.
BisB general manager for retail banking Abdul Rahman Turki said, Our decision to buy the EXUS platform has re-enforced our desire to buy the best solutions that will keep our bank at the forefront of customers service and risk management.
EXUS Middle East regional manager Tim Blackmore said, We will be soon offering the best possible support to our customers in the Middle East by establishing an office in the region and consolidating our success and rapidly growing customer base.
EXUS Satellite Services division was developed to respond to the growing demand for integrated high-speed business communications in emerging markets globally.
EXUS will use the latest satellite and other TDMA equipment technology to offer a complete selection of telecommunication services to its clients including data, voice, Internet and key vertical applications.
Votelnet is an EXUS division established to handle VoiP prepaid telephone calls originating from international markets.
A Dividend was announced to EXUS shareholders of record as of the close of market March 31, 2003, which consisted of one (1) share of E Education Network, Inc for every two hundred (200) shares of Common and Preferred EXUS stock.
In February 2003 EXUS announced the receipt of a grant from the African Center Foundation (ACF) in the amount of $1,250,000 with first payment of $250,000 to be received during the 2nd quarter of this year (first funds are anticipated to be received in June).