2003 Breakthrough Year for P&H: Banking Software Company Adds Significant Clients, Partners, and Per

2003 was the most successful year in P&Hs 20-year history. With over 60 completed implementations for the year, P&H saw more than a 25% increase in revenues and a 50% increase in new business. P&H also was ranked #1 in cash management solutions by industry analysts Celent Communications for the 3rd consecutive year. Other highlights for 2003 include: -- Significant increase in P&Hs ASP business. Among the new financial institutions that signed are City National Bank, Bank of Hawaii, Hudson United, Mid-Atlantic Corporate Federal Credit Union, and Huntington Bank. -- Renewed and expanded relationships with many existing customers such as AmSouth, Colonial Bank, and Banco Popular. -- Over 15 new products and modules were added to the industry-leading Web Cash Manager Suite. -- With over 35 significant new hires, P&H added many key industry veterans and CCM/CTPs to its cash management team. -- New relationships with best-of-breed alliance partners, for reconciliation (CheckFree), integration with small business accounting systems (Intuit), alerts and notifications (Centerpost and Online Banking Solutions), that expand P&Hs "Commercial Banking Storefront" of pre-integrated solutions available with Web Cash Manager Suite. Another key success this year was significantly improved financial performance - in spite of an overall lagging economy.