Press Release

Pragma Systems, Inc. and Horizon Software Pvt. Ltd. Announce a Software Development Relationship

AUSTIN, Texas " {4/27/2000} Pragma Systems, Inc. announces at the TechTransfer 2000 in Atlantic City, New Jersey, a software development relationship with Horizon Software Pvt. Ltd., a software startup in Bangladesh which is a part of an emerging region in South Asia which includes India. The development relationship is to carry out a project to design and develop Internet based e-commerce software applications.

"The contract for joint collaboration between Horizon and Pragma Systems is the beginning of a new horizon for us. We strongly believe that this Internet era of the information age will be able to bring a borderless world in true sense," said Mahmud Hossain, Managing Director of Horizon Software Ltd. "On the other hand Pragma Systems, USA will have a reliable partner to count on while extending their areas of software development activities. We feel that through this e-commerce project the bondage between these two geographically apart entities will be stronger which will lead to a meaningful step in the process of making our world one single global village."

"Pragma Systems is pleased to bring Horizon Software within its development relationship partnership. Bangladesh is emerging as a new South Asian software and IT resourceful nation along the line what India has already proven to the world", says Quamrul Islam, Pragma's co-founder and CEO. "Pragma is positioned well in USA to use this additional South Asian development base to bring worldclass products to its worldwide customer base."

Pragma and Horizon entered into a software development relationship which will lead to designing and developing an e-commerce application with related accounting and MIS systems. Secured transaction facility using credit cards will be part of the features. The e-commerce package will run on Microsoft IIS 4.0 and Apache Server of Linux/UNIX.

"We feel positive seeing Pragma establish a global relationship with an overseas company which can product quality software and is located in a different time zone than the USA," said David Kulwin, Co-Founder and Chief Technology Officer at Pragma Systems.

"We (at Horizon Software) are striving hard to extend our software applications horizons through vision. We are committed to keep abreast with the latest tools & technologies in the IT arena especially in the ever evolving Internet," said Fokhruzzaman, Technical Director of Horizon Software. "Pragma Systems has been excelling in the Internet backbone tools & technologies for quite long. We strongly believe our partnering will go a long way beyond this particular e-commerce project. We feel that we are able to complement each other in many technology areas. This partnering is just a beginning, which we believe, will bring far-reaching effects serving best interests of our country."

Pragma Systems Inc. is a privately held company founded in 1990 in Austin, Texas. Pragma develops remote connectivity, Internet and networking software for Windows NT/95/98 environments. Pragma Systems is the leading company in providing character mode and legacy access to Windows NT systems. Pragma"s widely popular telnet server and TCP/IP server suites for Windows NT/95/98 are used by over 2000 companies in 52 countries. Contact Pragma Systems Inc. via email at pragma@pragmasys.com, or visit our web page for more information and free downloads of our software at www.pragmasys.com or call 1-512-219-7270.

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Contact: Edith H. Myers
Pragma Systems, Inc.
512-219-7270

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