Castek Wins Award for Top Product Launch

Insure3 Family of Insurance Software by Castek winner of
Branham Award for Top Product Launch of the Year

TORONTO – September 27, 2001 – Castek
Software Factory, Inc., a provider of software systems for financial services
organizations, today announced that it was honoured the “Top Product Launch of the
Year Award” by Branham Group Inc. for its Insure3 (insure cubed) family of
insurance software for Property & Casualty insurers. The award was announced and
presented at the inaugural Branham Awards Gala in Ottawa on September 26th, 2001.

Castek’s Insure3 is a family of flexible,
core business handling software for property and casualty (P&C) insurance carriers.
Insure3 directly enables the business users and takes information technology
off the critical path of strategic corporate initiatives.

The Branham Awards are designed to showcase and celebrate
the growth and success of Canadian Information Technology (IT) companies. This
premier national event attracts Canada’s best companies and the brightest entrepreneurs.
These are the first annual Branham Awards honouring Canadian IT companies and their
achievements in several areas over and above revenue.

“It is wonderful to see a company such as Castek
succeed.” said J. Wayne Gudbranson, President & CEO of Branham Group Inc.
“They work hard to bring reputable missionbusiness-critical solutions to markets like
the insurance industry.”

“This award holds special meaning for us because it is
a symbol of all that we have fought so hard to achieve,” said Yung Wu, Chief
Executive Officer of Castek “In spite of an incredibly challenging technology and
capital market environment this year, we succeeded in transforming our business, launching
a cutting-edge product and achieving market success.”

“This could not have happened without the steadfast
support and backing of all of Castek’s stakeholders.” continues Wu, “I would
like to acknowledge the faith of our launch customers, our shareholders and investors and,
I would like to express my most heartfelt thanks to the Castek Team. We’ve taken the high
road, from the earliest years through to an opportunity to build an amazing Canadian
success story in the global market place. This award is for you.”

About Branham Group Inc.

As a Canadian-based company, Branham has been keenly interested in raising the visibility
of and recognizing excellence in the Canadian Information Technology industry. Since
its inception in 1990, Branham Group Inc. has been providing “Go-to-Market”
consulting services to global information technology companies in Canada and worldwide.
For more information about Branham Group, readers can visit their Web site

About Castek

Castek Software Factory Inc. specializes in the creation of strategic, business software
for the financial services industry, with a specific focus on property and casualty
insurance. Founded in 1990, Castek is recognized for its advanced, flexible core
business processing systems. Castek was named to the Top 100 Independent Canadian Software
Companies in the Branham 300 rankings. For more information, readers can visit the
company’s Web site at

For more information:

Karina Pollard,
Marketing, Castek Software Factory Inc.
416 777-2550 x335