OpenLink

OpenLink International Pty Ltd Continues Expansion and Dedication
in Sydney

New ASP Platform Initiative Maintains Growth and Proves OpenLink’s Commitment
to the Australian Region

SYDNEY, AUSTRALIA, August 14, 2006 /Business Wire/ — OpenLink, a leading energy and financial trading, risk management and operations processing software provider, announced today that their Sydney office, located in the heart of the business district, will be expanding its development staff to support the addition of their revolutionary new product, OpenLink OnDemand. The OnDemand product delivers the power of OpenLink’s market-leading enterprise solutions in an ASP platform. In addition to this new product, a general expansion of the office has also taken place as a result of solid growth therein.

OpenLink’s Sydney location will be one of two centers for the new OpenLink OnDemand ASP product initiative. The other office supporting OnDemand is located on Long Island, New York; which is also OpenLink’s Corporate Headquarters. The Sydney office's recent expansion can also be attributed to a 60% growth within this region. This growth has empowered OpenLink with the ability to better serve Sydney, a region which has proven to be a growing marketplace. This expansion is not only a strategic attempt, but a tactical solution for OpenLink to continually reposition for future growth within Australia.

Kevin Hesselbirg, COO/CFO of OpenLink, comments, “Our everlasting commitment of creating applicable software solutions and making these solutions readily available to our current and future clients is a goal we work towards every day. This expansion means the employment of many Australians and welcoming them to the OpenLink family as well as providing a new ASP platform for clients to use over the Internet, and eliminate hardware issues.”

“OpenLink has invested a great deal through the years in expanding our business throughout the world,” added OpenLink founder and CEO Coleman Fung. “We remain determined to continue our approach of solidifying our leadership position within the global markets.”

About OpenLink

Founded in 1992, OpenLink is a leading developer of energy and financial trading, risk management, and operations processing software solutions. The company's Next Generation eXtensible (NGX) platform supports the most rigorous business requirements of firms trading in energy, interest rate derivatives, fixed income securities, foreign exchange, money markets, metals, and soft commodities. OpenLink's global client base includes 70+ clients such as Austin Energy, Banco de Mexico, Bank of America, Bank for International Settlements, Bank of Canada, HBOS Treasury Services, Bridgeline Holdings, Calyon, Coral Energy, Citigroup Global Market, Inc., Deutsche Bank, Enbridge, Energy Transfer Partners, Nexen, Shell, Statoil and Vattenfall Europe Trading. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Sydney, and São Paulo, OpenLink employs more than 360 professionals worldwide.

Editorial Contact

e-mail: Dorianne Landolphi
OpenLink
Marketing Communications Manager
Direct phone: +1 516 394 1115
Fax number: +1 516 394 1197