Global Insight Group Announces Expansion of Operations in the Americas

Migration to Chip Cards Generates Additional Revenue Opportunities for

IFS International subsidiary



Apr 12, 2001, 01:00 ET from IFS International, Inc.

    TROY, N.Y., April 12 /PRNewswire/ --
 IFS International, Inc. (Nasdaq:   IFSH) today announced that its subsidiary,
 Global Insight Group (GIG), has extended its consulting operations through the
 foundation of Global Insight Americas (GIA).  This is the first international
 extension of GIG, which is in strategic response to identified market demand.
     Based in Boston, MA, and managed by John Smith, Director of Professional
 Services, GIA, following a transfer from its parent company, IFS
 International, where he worked for 3 years, will build a network of strategic
 partnerships and alliances, initially across North America.  This process is
 well underway, with partners in Canada and several major U.S. States including
 NY, NC, SC, GA, PA, FL, CA and AZ.
     Geoffrey Down, Director, GIG, said, "GIA will focus primarily on the
 exploding smart card market in the U.S. and Canada, as well as niche
 opportunities in Latin American markets.  There is an acknowledged shortage of
 suitable experience and expertise that GIA intends to address, utilizing the
 broader skills of GIG and its associates from around the world.  Our ethos is
 independent and unbiased consulting advice, implementation assistance and
 training delivered at all levels.  This approach is already bearing fruit,
 with significant success in what are likely to become major accounts within
 the top tier of the U.S. banking and financial services structure."
     GIA will initially focus on key strategic business opportunities by
 assessing the impact, costs and issues surrounding the launch of, or migration
 to, smart card programs.  Not least of these are the implications of multi-
 application smart cards, for both bank and non-bank issuers.  Project
 management and other specialized implementation assistance will guide card
 schemes and their members to full EMV compliant card programs.  The
 anticipated rapid growth of GIA will generate staffing opportunities that will
 in turn lead to the establishment of a U.S.-based center of expertise
 contributing significant revenues and profits to the IFS International Group
 of Companies.
     Since its incorporation in 1993, GIG has provided high quality strategic
 business and technical implementation support services to the retail finance
 industry around the world.  GIG consists of three divisions, and the services
 they provide include training, strategic direction advice, business and
 financial planning, business solutions evaluation, project delivery, on-site
 support teams and the supply of resources to the financial services industry.
 
     About IFS International Holdings, Inc.
     IFS International, Inc. and Network Controls International, Inc. are
 subsidiaries of IFS International Holdings, Inc., which has headquarters in
 the USA and subsidiary offices in the USA, UK, Singapore and Australia.
     IFS International, Inc. develops, markets and supports software products
 for the electronic financial market.  IFS International's TPII and TP-CMS
 products provide support for ATMs, POS devices, network switches, smart cards
 and card management.  IFS International's subsidiary, Global Insight Group, is
 a supplier of strategic business and technical implementation support services
 to the Retail Finance Industry.
     NCI, Inc. develops innovative retail delivery applications like NCI
 Business Centre(TM), which combines network centric and browser based
 technologies in "One Application" to automate all delivery channels such as
 branch teller, platform service, call center, Internet banking and customer
 relationship management.
 
     Statements in this news release that are not descriptions of historical
 facts are forward-looking statements that are subject to risks and
 uncertainties.  Words such as "expect," "intends," "believes,"  "plans,"
 "anticipates" and  "likely'" also identify forward-looking statements.  All
 forward-looking statements are based on current facts and analyses.  Actual
 results may differ materially from those currently anticipated due to a number
 of factors including, but not limited to history of operating losses,
 anticipated future losses, competition, future capital needs, the need for
 market acceptance, dependence upon third parties, disruption of vital
 infrastructure and intellectual property rights.  All forward-looking
 statements are made pursuant to the Securities Litigation Reform Act of 1995.
 Additional information on factors that may affect the business and financial
 results of the Company can be found in filings of the Company with the
 Securities and Exchange Commission.
 
 FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
 
 AT IFS INTERNATIONAL:              IFS INVESTOR/BROKER RELATIONS:
 Americas:  +1-518-283-7900         Dodi B. Handy, President
 Europe, Middle East and Africa:    Madison & Wall Worldwide, Inc.
 +44-1895-823626                    +1-407-682-2001
 Asia/Pacific and Australia:        ifsh@insidewallstreet.com
 +65-549-7414
 e-mail: marketing@ifsintl.com
 www.ifsintl.com
 
 AT GLOBAL INSIGHT GROUP
 Americas: +1-617-217-2812
 Email: marketing@gigl.net
 225 Franklin Street
 Suite 2600
 Boston
 MA 02110
 
 

SOURCE IFS International, Inc.
    TROY, N.Y., April 12 /PRNewswire/ --
 IFS International, Inc. (Nasdaq:   IFSH) today announced that its subsidiary,
 Global Insight Group (GIG), has extended its consulting operations through the
 foundation of Global Insight Americas (GIA).  This is the first international
 extension of GIG, which is in strategic response to identified market demand.
     Based in Boston, MA, and managed by John Smith, Director of Professional
 Services, GIA, following a transfer from its parent company, IFS
 International, where he worked for 3 years, will build a network of strategic
 partnerships and alliances, initially across North America.  This process is
 well underway, with partners in Canada and several major U.S. States including
 NY, NC, SC, GA, PA, FL, CA and AZ.
     Geoffrey Down, Director, GIG, said, "GIA will focus primarily on the
 exploding smart card market in the U.S. and Canada, as well as niche
 opportunities in Latin American markets.  There is an acknowledged shortage of
 suitable experience and expertise that GIA intends to address, utilizing the
 broader skills of GIG and its associates from around the world.  Our ethos is
 independent and unbiased consulting advice, implementation assistance and
 training delivered at all levels.  This approach is already bearing fruit,
 with significant success in what are likely to become major accounts within
 the top tier of the U.S. banking and financial services structure."
     GIA will initially focus on key strategic business opportunities by
 assessing the impact, costs and issues surrounding the launch of, or migration
 to, smart card programs.  Not least of these are the implications of multi-
 application smart cards, for both bank and non-bank issuers.  Project
 management and other specialized implementation assistance will guide card
 schemes and their members to full EMV compliant card programs.  The
 anticipated rapid growth of GIA will generate staffing opportunities that will
 in turn lead to the establishment of a U.S.-based center of expertise
 contributing significant revenues and profits to the IFS International Group
 of Companies.
     Since its incorporation in 1993, GIG has provided high quality strategic
 business and technical implementation support services to the retail finance
 industry around the world.  GIG consists of three divisions, and the services
 they provide include training, strategic direction advice, business and
 financial planning, business solutions evaluation, project delivery, on-site
 support teams and the supply of resources to the financial services industry.
 
     About IFS International Holdings, Inc.
     IFS International, Inc. and Network Controls International, Inc. are
 subsidiaries of IFS International Holdings, Inc., which has headquarters in
 the USA and subsidiary offices in the USA, UK, Singapore and Australia.
     IFS International, Inc. develops, markets and supports software products
 for the electronic financial market.  IFS International's TPII and TP-CMS
 products provide support for ATMs, POS devices, network switches, smart cards
 and card management.  IFS International's subsidiary, Global Insight Group, is
 a supplier of strategic business and technical implementation support services
 to the Retail Finance Industry.
     NCI, Inc. develops innovative retail delivery applications like NCI
 Business Centre(TM), which combines network centric and browser based
 technologies in "One Application" to automate all delivery channels such as
 branch teller, platform service, call center, Internet banking and customer
 relationship management.
 
     Statements in this news release that are not descriptions of historical
 facts are forward-looking statements that are subject to risks and
 uncertainties.  Words such as "expect," "intends," "believes,"  "plans,"
 "anticipates" and  "likely'" also identify forward-looking statements.  All
 forward-looking statements are based on current facts and analyses.  Actual
 results may differ materially from those currently anticipated due to a number
 of factors including, but not limited to history of operating losses,
 anticipated future losses, competition, future capital needs, the need for
 market acceptance, dependence upon third parties, disruption of vital
 infrastructure and intellectual property rights.  All forward-looking
 statements are made pursuant to the Securities Litigation Reform Act of 1995.
 Additional information on factors that may affect the business and financial
 results of the Company can be found in filings of the Company with the
 Securities and Exchange Commission.
 
 FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
 
 AT IFS INTERNATIONAL:              IFS INVESTOR/BROKER RELATIONS:
 Americas:  +1-518-283-7900         Dodi B. Handy, President
 Europe, Middle East and Africa:    Madison & Wall Worldwide, Inc.
 +44-1895-823626                    +1-407-682-2001
 Asia/Pacific and Australia:        ifsh@insidewallstreet.com
 +65-549-7414
 e-mail: marketing@ifsintl.com
 www.ifsintl.com
 
 AT GLOBAL INSIGHT GROUP
 Americas: +1-617-217-2812
 Email: marketing@gigl.net
 225 Franklin Street
 Suite 2600
 Boston
 MA 02110
 
 SOURCE  IFS International, Inc.