San Francisco, CA - August 26, 2004

Fitech Laboratories Inc. announced today that Thomas Weisel Partners LLC has built and deployed their new Clearance Processing Router system (CPR) using Fitech Laboratories’ xTier™ to automate the process of downloading the clearance data associated with their daily trading activities. This data serves as the basis for TWP’s enterprise systems and is a critical component of the business processes to support the firm’s trading activities. The CPR automatically downloads and verifies the clearance data and then transfers the data to the enterprise trading systems for loading to drive the enterprise trading systems for the following day’s trading.

The CPR system is based upon the Workflow, Marshall, Configuration, Jobs, Object Pooling, Email, Log and JMX components from xTier™ 2.1 for Java. "By utilizing xTier™ the development project could concentrate on the business processes and rules to be implemented rather than developing and debugging infrastructure-level code", said Tom Goodman, Director of Application Development at Thomas Weisel Partners. "The ability to quickly and easily integrate the xTier™ components into our project gave us the ability to complete the project in a very compressed time-frame at a significantly reduced development cost."

By using xTier™, the system could be developed with a great deal of flexibility through the combination of the xTier™ Workflow and Configuration services. Execution attributes of the system can be changed in XML-based files without the requirement to redevelop application code. "We wanted a system that was standards-based, and could provide a the flexibility to make changes to application behavior without the need to change and redeploy application code", said Larry Sikon, Chief Information Officer at Thomas Weisel Partners, "we’re very happy with xTier™ and the facilities that it brings to the table."

xTier™ 2.1 for Java provides 22 components for enterprise Java development implemented using the principles of Inversion of Control (IoC) and Service Oriented Design (SOD). The xTier™ components can be utilized as the technical requirements of the application dictate and include a Grid Computing component, an Object Caching component, an Embedded Workflow component, a high-speed Object Marshalling (Serialization) component, a hierarchical Configuration Management component, and a Job Scheduling component along with 16 additional high-value services. For more information please refer to http://www.fitechlabs.com/products_xtier_overview.jsp.

Availability
xTier™ 2.1 for Java has been released for the Windows, Solaris and Linux platforms and is available immediately at: http://www.fitechlabs.com.

About Fitech Laboratories, Inc.
Fitech Laboratories, Inc. is a leading provider of next generation software components and middleware technologies. By combining industry standards, service-oriented development expertise and the latest technologies, Fitech Laboratories, Inc. enables organizations to drastically reduce development time and Total Cost of Ownership (TCO), while benefiting from a highly extensible, fast and reliable software infrastructure. Fitech Laboratories is headquartered in San Francisco, with offices in New York, Tokyo Japan, and St. Petersburg, Russia.

About Thomas Weisel Partners, LLC.
Thomas Weisel Partners is a merchant bank providing investment banking, institutional brokerage, private client services, private equity investing and asset management exclusively focused on the growth sectors of the economy. The firm’s distinctive competence is combining deep domain expertise, superior transaction execution capability and senior level attention. Thomas Weisel Partners has 600 employees with 68 partners and is headquartered in San Francisco with additional offices in New York, Boston and Menlo Park, California.

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