Madhu Natarajan of Odessa Technologies to speak at World Leasing Convention

December 23, 2005

Madhu Natarajan, CEO Odessa Technologies, Inc. will speak at the 24th annual World Leasing Convention in Dubai on March 14, 2006. Natarajan will address the convention as a key industry speaker under the topic of "Operations and Overseas", specifically addressing the technological challenges and opportunities in fleet management and vehicle leasing; his focus will be the global fleet leasing industry. "I'm looking forward to sharing our experiences and insights with the attendees. The technology market powering the leasing and fleet industries is in the midst of an exciting time. Internet-based technologies present tremendous opportunities for the industry, fundamentally changing the leasing company's approach to technology."

Odessa Technologies, based in Philadelphia, USA, designs and develops software solutions for the equipment, vehicle and fleet leasing industries. Natarajan's speech will draw from the prevailing technological trends and directions. Software technologies, from being mere automation tools that replace human intervention, are fast becoming much more meaningful and sophisticated. Internet-based systems, for instance are offering unprecedented ways to connect the leasing/fleet management company with their various business partners online, on a real time basis. Not only does this allow for meaningful exchange of information but it also creates new value in existing relationships. Customers, for instance, can interact with the leasing system to manage/track their assets and leases, manage cashflow, run sophisticated reports, etc., all without any intervention from the leasing company. "There's a philosophical shift occurring with the advent of Internet-based technologies, representing much more than just technological progress. Leaders have already recognized this and it's fast becoming an imperative for the rest," says Natarajan.

LeaseWave© Fleet Management, Odessa's fleet management solution, is built as a part of the company's LeaseWave© suite of leasing products and fully interfaces with the existing back-end lease accounting and asset management system. Through LeaseWave© FM, vehicle lessors now have an end-to-end and integrated solution that not only manages their leases but also their fleet contracts. Like the rest of the LeaseWave© suite, LeaseWave© FM is fully Internet-based. It covers the entire gamut of fleet operations, comprehensively managing the entire life cycle of a fleet contract. Typically, this begins with the issuance of a fleet card and ends when the vehicle is taken off road. Among other things, the LeaseWave© Fleet software system comes equipped with complete fuel purchase management, maintenance work management, accident management, license management, fleet card administration, exceptions reporting and customer billing capabilities. Through LeaseWave© FM, fleet services can be administered either as value-added services that complement the lease life-cycle or as separate, stand-alone product offerings, independent of leasing. It follows, therefore, that LeaseWave© Fleet can be deployed as a component of Odessa's suite of lease and asset management solutions or as an independent system.

About Odessa Technologies, Inc.

Odessa Technologies, Inc. is a software company located in Philadelphia, PA, with a sole focus in building and marketing software solutions to the leasing industries. The LeaseWave© suite is its fully-integrated family of products that cater to various parts of the leasing operations, providing an end-to-end solution that is fully Internet-based. Furthermore, recognizing that each business is unique, the LeaseWave© suite has been engineered, specifically, to be customizable. Designed using cutting-edge technology and sound functional expertise, LeaseWave© can be custom–built to fit around the unique needs of each lessor. While not every client requires customization, the LeaseWave© suite is flexible to cater to even the most complex of business models, as evidenced by its strong customer base. LeaseWave© is the only end–to–end system that is fully Internet–based. Its technology as well as its ability to be customized easily differentiates it from competing products.