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February 5, 2008

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced that it is providing Nomis Price Optimizer™ for Auto Finance to the Ford Motor Credit Company, the finance arm of Ford Motor Company and one of the world’s largest automotive finance companies. Ford Motor Credit is using the Nomis Price Optimizer in its U.S. and Canadian markets to tailor standard and subvened loans and lease prices to meet volume and return on equity goals.

February 4, 2008

“Steve could not be joining our Board at a better time in our company’s lifecycle,” said Dennis Stradford, chairman and CEO of Nomis Solutions. “His past experience and focus on customer success will help support our mission to deliver best-in-class pricing optimization solutions. I am looking forward to working closely with Steven and the rest of the Board to align our continued growth with an effective customer-focused delivery model. With the addition of Steve, we are bringing deep expertise in managing customer excellence and success to our Board.”

January 29, 2008

"Nomis Solutions is proud to take a leadership role in this year's AFSA Vehicle Finance Conference and we’re looking forward to demonstrating how auto finance executives can leverage pricing optimization technology to positively impact bottom line results by better executing their pricing strategies," said Frank Rohde, chief marketing officer and vice president of product management at Nomis Solutions.

January 15, 2008

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced the immediate availability of Nomis Price Optimizer™ 3.3. Loaded with enhanced features, the new version helps improve a bank’s ability to effectively forecast and monitor lending portfolio performance.

December 4 , 2007

“I joined Nomis Solutions because it is the clear leader in this growing market and its founder, Dr. Phillips, is a pioneer in successfully developing and introducing pricing optimization technology into new markets that can benefit,” said Dr. Nipko.

October 30, 2007

“I’m excited to be joining Nomis Solutions at such a critical point in the company’s growth,” said Mr. Spartz. “I’m impressed by the financial results that the company is able to generate for its banking and finance companies and the level of energy the team has about helping customers improve their pricing and profitability management processes.”

October 24, 2007

Nomis Solutions today announced the appointment of Karen Beale as vice president of North American sales. Ms. Beale will assume immediate responsibility for leading and expanding the sales organization to meet the growing demand for the award-winning Nomis Price Optimizer Suite of solutions. She will report directly to Nomis Solutions’ Chairman and CEO, Dennis Stradford.

October 18, 2007

“The Nomis Price Optimizer is our full-spectrum pricing and profitability management solution,” stated Tom Schwartz, vice president of profitability analytics at AmeriCredit. “We plan to use the solution across our entire business including subprime, near-prime and prime product lines to help us create better solutions for our dealers and customers.”

October 12, 2007

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced the appointment of Matt Kuckuk as vice president of global services. With more than 25 years of professional services management and operations research experience, Mr. Kuckuk assumes responsibility for building and leading Nomis Solutions’ world-class professional services organization and ensuring each customer successfully implements and uses the Nomis Price Optimizer to achieve their business objectives.

October 10, 2007

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced the completion of its 2nd Annual European Profit-Based Pricing Forum. The invitation-only, two-day forum provided the top pricing, product management, and profitability executives from the world’s leading banks and finance companies with an understanding of how Profit-based Pricing can help acquire customers, retain existing customers, differentiate from the competition, support regulatory compliance, and upgrade pricing practices and processes.

October 5, 2007

International Quality & Productivity Center (IQPC), a global business research company, today announced the 3rd Annual Pricing Optimization for Financial Services Conference. To be held December 3-5, 2007 in Coconut Grove, FL, the conference will focus on how financial institutions can use pricing to generate profit and market share in today's volatile lending environment. The conference will provide guidance to bank executives about how they can use innovative pricing strategies to better manage issues such as decreasing home prices, car sales, loan applications and the increase in mortgage payment defaults. This year's conference chair is Dr. Robert L. Phillips, founder, chief science officer and vice president of research and development at Nomis Solutions, the leader in Profit-based Pricing for banking and finance.

September 24, 2007

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced that it was selected as a finalist for the European Banking Technology Readers’ Choice Award. The Nomis Price Optimiser is one of three finalists in the “Most Innovative New Product” category.

September 19, 2007

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced the expansion of its product development team to accelerate the advancement of Nomis Solutions’ award-winning Nomis Price Optimizer™ Suite of solutions. The company has opened an office in Pune, India to tap into a pool of experienced developers and satisfy the evolving needs of its growing customer base.

August 15, 2007

"I'm pleased to be speaking at the 10th annual Credit Scoring and Credit Control Conference. Pricing is clearly one of the next frontiers for risk and credit analysts to consider as a way to improve results in their business," said Dr. Phillips. "I'm eager to share how price optimization has evolved over the past decade, how we've successfully customized it for the unique needs of the banking and finance industry, and how it works with credit scoring to deliver real value."

July 31, 2007

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, announced today the results of BenchMark Consulting International’s study of the pricing practices of the United Kingdom’s personal lending market. Results indicate that more than half of the participants are engaged in evaluating and adopting price optimisation technology.

July 24, 2007

Nomis Solutions today announced the 2nd Annual Profit-Based Pricing Forum. Scheduled for September 26-27 at the prestigious Macdonald Frimley Hall Hotel & Spa in Surrey, United Kingdom, the invitation-only event, hosted by Nomis Solutions, will assemble the top pricing, product management, and profitability executives from the world's leading banks and finance companies.

June 13, 2007

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, announced today the immediate availability of Nomis Price Optimizer™ Suite 3.2. Nomis Price Optimizer 3.2 gives banks and finance companies a competitive advantage and empowers them to be more strategic and effective pricing organizations. The Nomis Price Optimizer has been successfully implemented by 10 banks and finance companies and is generating significant financial improvements.

June 13, 2007

“Our top two priorities when hosting the Nomis Price Optimizer are security and performance,” said Bharath Kumar, vice president of engineering at Nomis Solutions.  “By using the hosted version of our solution, our customers can capitalize on our best-in-class science, technology, and responsive support services while saving time and money by not needing to fully engage their often expensive and overburdened internal resources.”

May 15, 2007

Jean Noonan, partner and manager of the Washington, D.C. office of Hudson Cook, LLP, stated "Profit-based Pricing provides lenders with a paper trail for each pricing decision, offering the visibility that regulators require and making it easier for historic pricing decisions to be audited and defended, should the need arise."

April 24, 2007

Nomis Solutions, the recognized leader in Profit-based Pricing for banking and finance, announced today that it has raised an additional $8 million in Series C funding from existing investors Bain Capital Ventures, August Capital, and Redrock Ventures. This latest infusion of capital brings Nomis Solutions' total investments to $20 million.

April 17, 2007

Nomis Solutions will reveal a new opportunity for motor finance executives to increase profits at the 10th Annual Motor Finance Europe Conference & Expo. Held in London on April 25, the conference, themed "The Drive for Profit: The Next Decade in Motor Finance" provides a venue for Nomis Solutions to share the power of Profit-based Pricing with the UK's motor finance leaders.

April 10, 2007

Nomis Solutions will conduct a three-hour interactive workshop titled, "Understanding Profit-Based Pricing in Retail Lending" on Wednesday, April 25, 2007 from 8:00 am - 11:00 am at the IQPC Pricing Optimization for Financial and Insurance Services Conference, which takes place April 25-27 in Barcelona, Spain. Nomis Solutions' Director of Analytical Services, Dr. Alex Romanenko, and Director of Sales, Mr. David Brown will provide a comprehensive overview of this hot topic and answer some of the most commonly asked questions.

March 6, 2007

Brian King, consumer lending practice manager at BenchMark Consulting, stated "Canadian financial institutions are realizing the value of advanced analytics and price optimization to most effectively price their products to their various customer segments in order to better achieve their business performance goals".

January 24, 2007

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced its Platinum sponsorship of the American Financial Services Association's (AFSA) 11th Annual Vehicle Finance Conference and Exposition, held January 31 - February 2, 2007 at the Ritz-Carlton Las Vegas. Nomis Solutions is sponsoring the keynote breakfast with Andrew J. Card Jr., former chief of staff to President George W. Bush. In addition, Nomis Solutions will offer a free Profit Opportunity Assessment at its booth #18.

January 16, 2007

Gartner Group's Principal Analyst of Banking Practice, Richard De Lotto analyzed Nomis' Price Optimization Suite in a recently published report, "Investigate Nomis Solutions Price Optimizer."

December 13, 2006 - Hear the Podcast:

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced the appointment of Lawrence Whittle, a veteran sales, marketing and operations manager. As Vice President International, he will oversee the expansion and growth of Nomis Solutions' international operations and will report directly to Nomis Solutions' Chairman and CEO, Dennis Stradford. Mr. Whittle's hiring represents a significant building block for supporting the worldwide adoption of Nomis Solutions' pricing optimization technology, which enables a Profit-based Pricing approach.

November 28, 2006

Dr. Robert L. Phillips' book Pricing and Revenue Optimization has been recognized by the Institute for Operations Research and Management Sciences (INFORMS) as the best contribution to the science of pricing and revenue management published in English. "I am very honored that my book was recognized by INFORMS. The business benefits of price and revenue optimization are now expanding beyond the initial industries first implemented," said Dr. Phillips, CTO & vice president of product management for Nomis Solutions.

November 14, 2006

Nomis Solutions, the leader in Profit-based Pricing for banking and finance, today announced its participation in the upcoming "Strategic Pricing in the Financial Sector" conference held in New York, December 4-5, 2006. Simon Caufield, founder and vice president, Global Head of Services at Nomis Solutions, will present "Key Lessons Learned from Profit-Based Pricing Implementations" and participate in a panel discussion which explores how banks and finance companies can strategically leverage pricing to achieve business objectives.

October 17, 2006

Dr. Robert Oliver, who sits on the company's Board of Advisors, has been inducted into the National Academy of Engineering. Dr. Oliver was recognized for leadership in the development of financial engineering and for the application of operations research to important public problems. Election to the National Academy of Engineering, awarded to 76 inductees, is among the highest professional distinctions accorded to an engineer.

October 11, 2006

Walter Cunningham, director at BenchMark Consulting, said, "Auto Finance lenders recognize that pricing can be used as a strategic lever and that pricing processes can be significantly bolstered to better support the corporate goals of profit and market share growth."

September 19, 2006

"Historically, pricing as a discipline was undeveloped at HBOS and we had a one size fits all approach," said Douglas Craddock, head of pricing, loans, Halifax Bank of Scotland (HBOS), the third largest provider of Consumer Loans in the UK.

"After partnering with Nomis Solutions to implement a Profit-based Pricing approach to our $9 Billion Consumer Loans business, we have improved the quality of our pricing decisions across the portfolio without compromising our volumes, recouped our investment, and gained significant insights about the business."

September 12, 2006

Of the 22 top banks that were surveyed, 100% of home equity lenders believe there is room for improvement in their current pricing practices, 73% plan to improve their pricing process in the next two years, and 50% are in the process of evaluating price optimization solutions to enable a Profit-Based Pricing approach to achieve their business goals.

August 22, 2006

Douglas Craddock, head of pricing, Loans HBOS, the third largest provider of Consumer Loans in the UK delivered a presentation that detailed how he and his team implemented a Profit-based Pricing approach in HBOS' $9 billion Consumer Loans business, resulting in increases of net interest margin of up to 34 basis points.

"The conference provided excellent insight into both the theoretical and practical aspects of Profit-based Pricing," said Craddock.

August 15, 2006

Bobbie Britting, senior analyst, Consumer Lending at TowerGroup noted, "As the pendulum swings from the cost cutting, down-sizing and right-sizing of the '90's and early 2000's to price optimization, the internal pricing function will rise to new levels of importance within the organization.

Lenders not implementing Profit-based Pricing are leaving money on the table and early adopters will garner the greatest benefits."

April 6, 2006

Nomis Solutions today announced that Halifax Bank of Scotland (HBOS) has won the Financial Sector Technology Award 2006 for the "Best Use of IT in Retail Banking" category for its implementation of the Nomis Price Optimizer™ .

The accolade is for the significant profitability improvement in the Personal Loans portfolio that HBOS generated through the use of the Nomis Price Optimizer™ technology to set optimized loan prices. HBOS was able to improve net interest margin equivalent by 34 basis points through the application of Nomis Solutions' price optimization methodology.