MEDIA RELEASE

March 30th, 2010

Transoft International CEO honoured as Top 50 Entrepreneur

Bo H. Holmgreen was named to the 2010 Top 50 Entrepreneur list in North Carolina

Cary, N.C. – The President & CEO of Transoft International, Inc., Mr. Bo H. Holmgreen, was recently honored by Business Leader Media as one of the Research Triangle’s 2010 Top Entrepreneurs at an awards ceremony in Raleigh. This year’s winners were chosen based on their demonstrated success in their businesses, and will be featured in the April issue of Business Leader Magazine.

The event coincided with the 18th anniversary of Transoft, founded by Mr. Holmgreen in 1992. A native of Denmark, Mr. Holmgreen has built a truly global company with customers on six continents serviced by a dedicated international staff. “The Research Triangle is packed with innovation, entrepreneurs and aggressive technology companies. It is therefore a great honor to be named in such distinguished company”, said Mr. Holmgreen.

Mr. Holmgreen was traveling overseas at the time of the event, therefore Transoft’s Business Manager, Ms. Turid Kaehny, received the award on Mr. Holmgreen’s behalf, thanking the organizers for their recognition of Transoft as a state-of-the-art software company, exporting sophisticated optimization technology to banks all over the world.

Managing over a hundred thousand ATMs and branches for banks and optimizing across vaults and money centers, Transoft has generated annual savings in the millions for most customers. “We are of course proud of what we have achieved so far”, Mr. Holmgreen added. “With many different accents on our conference calls and cultural challenges, Transoft is a challenging and intellectual work environment generating incredible ideas. Advanced software like ours is created in a dynamic and exciting world, and the results we achieve are much appreciated by our great customers. Applying mathematics to save banks on their bottom-line is both interesting and fun, and we are grateful for the recognition of our efforts on the global stage”.

About Transoft

Transoft International, Inc. is the leading provider of currency supply chain management software solutions for the banking industry. Transoft products have been developed by experienced cash management professionals to efficiently and cost-effectively handle all aspects of the complex cash management process. In use worldwide by Banks, ATM networks and Armored Car Service providers, Transoft solutions are generating significant recurring cost savings for ATM, branch and vault networks.

Contact: Turid Kaehny, Business Manager, Email: turid.kaehny@transoftinc.com