| Asian 
              Business Solutions, Inc. (ABSI) a total IT 
              solutions provider engaged in Integration and Project Management 
              Services for insurance systems and Filenet Enterprise Document Management 
              and Workflow Solutions launched its INTEGRATED 
              INSURANCE BROKERAGE SYSTEM Product Release 
              3.1 (IIBSver3.1) in a special event attended by leading insurance 
              brokers in Dusit Hotel Nikko, Makati City last May 28, 2004. IIBSver3.1 
              is a comprehensive deployable solution for insurance and re-insurance 
              brokerage operations, which combines ease of use with rich, practical 
              features powered by Oracle Technology. It is the solution-of-choice 
              of insurance and re-insurance brokers to deliver quick insurance 
              coverage, renewal, collections, insurance remittance, claims processing, 
              and online real-time generation of Financial Reports. Shown in photo 
              is Mrs. Nanette De Guia, 
              ABSI Project Manager, demonstrating the features and functionalities 
              of the Integrated Insurance Brokerage System (IIBSver3.1).  |