PIC Solutions Appoints New Director

Released on = October 2, 2006, 9:12 pm

Press Release Author = PIC Solutions

Industry = Financial

Press Release Summary = In line with PIC Solutions ongoing growth and continued
success, the company has expanded their Board of Directors to include Shereen La
Fleur as Director of Business Support Services. PIC Solutions has significantly
grown their credit risk solutions business throughout the whole of Africa and the
Middle East and has recently undergone an organisational restructure to better
position the company for future years.


Press Release Body = Cape Town, 5 October 2006 - In line with PIC Solutions ongoing
growth and continued success, the company has expanded their Board of Directors to
include Shereen La Fleur as Director of Business Support Services. PIC Solutions has
significantly grown their credit risk solutions business throughout the whole of
Africa and the Middle East and has recently undergone an organisational restructure
to better position the company for future years.

Stephen Leonard, Managing Director of PIC Solutions, states, "Shereen's extensive
background brings a new dimension to our business and makes her the perfect fit for
our organisation. She brings with her a wealth of experience and knowledge of the
financial services industry that will deliver substantial benefits to the company
and the clients."

Shereen, a registered Chartered Accountant (SAICA), has broad management experience
across many functional areas including human resources, operations management and
finance. Her experience as Chief Financial Officer at Boschendal will contribute
significantly to PIC Solutions further success in the market. Prior to her time at
Boschendal, Shereen was Financial Director of GEMS, the largest South African
government medical scheme, and a director of the Metrorail public transport system.
Shereen is also a member of the Black Management Forum as well as the Business
Woman's Association, the largest association of professional women in South Africa.

Shereen says, "I am really enthusiastic about joining the organisation and the
opportunities facing us. The credit risk business is a challenging and interesting
industry, which I am excited to be a part of. PIC Solutions has proven their value
within this market space as demonstrated by their blue-chip customer base, continual
success and consistent growth."

Stephen Leonard continues, "PIC Solutions is not only committed to providing turnkey
solutions that enhance the credit life cycle but also ensuring that we continue to
deliver the highest level of service that our clients have come to expect. Given the
growth of our company and the new structural changes, Shereen's appointment further
strengthens our position as leaders in the credit risk industry and we look forward
to her input and contribution as we strive to develop even closer relationships with
our diverse multi-national client base."


About PIC Solutions
PIC Solutions provides consumer credit solutions to a wide range of blue-chip
organisations. We are experts in the fields of credit, risk and software and have an
established track record of success powered by solutions.

PIC Solutions is the Fair Isaac alliance partner for the Africa Middle East region
and from offices in Cape Town, Dubai and Johannesburg, provides all sales and
support for the entire suite of Fair Isaac products and services. This includes
consulting, project management, integration services, first line software support
and ongoing maintenance.

Our ongoing commitment is to enable clients to optimise the credit life cycle.

Editorial Contact:
Sarka Svoboda
Marketing Manager
Tel: +27 (0)21 680-6010
Fax: +27 (0)21 680-6003
Email: SSvoboda@PICSolutions.com
Web: www.PICSolutions.com

Web Site = http://www.PICSolutions.com

Contact Details = Liebeek Parkway, Mowbray
Cape Town, 7700
Tel: +27(0)21 680-6000
Fax: +27(0)21 680-6003
Email: Info@PICSolutions.com

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