Financial Supply Chain Conference

Xalles CEO to Speak at Financial Supply Chain Conference

MINNEAPOLIS and DUBLIN, 1 May, 2003 – Xalles Limited, The Business Navigation Specialists™, today announced their participation in the 2003 U.S. Bank Financial Supply Chain Conference to be held in San Francisco , California June 24 through 26.

Thomas Nash, Chairman and CEO of Xalles Limited, will make four 90 minute presentations entitled “Data…Who Has It, Who Owns it, and How to Use It”. This topic addresses information transformation within corporations, how to collect data from various sources, and how to create effective Decision Support Systems (DSS) and procedures. DSS business applications will be discussed with an audience of senior financial managers as well as logistics and transportation managers.

The 3 day conference is the 4 th annual event of this nature that U.S. Bank has sponsored. This year’s event is expected to attract over 1000 participants.

Xalles staff have worked closely with U.S. Bank since the development and commercial launch of PowerTrack, U.S. Bank’s B2B Payment service. Xalles developed and managed the implementation strategy, as well as the first customer implementation projects.

For more information about PowerTrack and the U.S. Bank Financial Supply Chain Conference please visit the web site at www.powertrack.com .

About U.S. Bank PowerTrack

PowerTrack is a patented, electronic, business-to-business payment platform from U.S. Bank Corporate Payment Systems. Some of the country's largest commercial and government organizations use PowerTrack to streamline business-to-business payment processes by enabling robust pre-payment audits against original contracts, real-time exception identification, collaborative resolution, and integrated A/P and A/R processing. PowerTrack reduces collections risks and pays sellers quickly, while maintaining generous payment terms for buyers, and it delivers exceptional control for cash managers. PowerTrack currently processes approximately 17 million electronic trade documents annually with more than 15,000 registered users from more than 1,800 geographic locations worldwide. To learn more about PowerTrack, call (800) 417-1844 or visit www.powertrack.com .

About Xalles Limited

As an innovative, international management consulting firm, Xalles Limited helps organizations successfully navigate through the business lifecycle by providing distinctive services and solutions. Xalles' successful methodologies include processes and powerful tools that help organizations navigate through business challenges, build visions and integrate them with a solid business design, create an environment of innovation, and implement the changes required to achieve successful results.

For more information about Xalles Limited, visit www.xalles.com .