Sofmit Partners with Xalles Limited

Sofmit and Xalles Sign Partnership Agreement
to Provide Joint Services to Banking and Financial Service Organizations

CHENGDU, April 16, 2008 - Xalles Limited, a Dublin-based global management consulting firm and leader in business strategy and financial supply chain services, and Sofmit, a professional IT service company based in Chengdu, China, engaged in IT Outsourcing (ITO) and Business Process Outsourcing (BPO), today signed a partnership agreement.

The parties intend to provide joint services to banking and financial service organizations combining the business strategy, project management and systems implementation services of Xalles with the ITO, BPO and multimedia services of Sofmit. In addition, Sofmit will provide its media services to Xalles, while Xalles will assist its new partner with international marketing and business development.

The partnership was made official during a signing ceremony organized by Sofmit in the city of Chengdu, in a room full of journalists, television cameras and Government dignitaries. Mr. Thomas Nash (CEO of Xalles Consulting Ltd.), Zhang Wei (Chairman of Sofmit), and Fang Long (CEO of Sofmit) were all in attendance.

About Xalles
Xalles Limited is a global provider of business strategy services that assists firms in navigating through the business lifecycle, leading them through Business Structure Design, Process Design, Organization Design and Service Delivery Design. Xalles is also a leader in financial supply chain consulting for payment solutions assisting clients worldwide to reduce transaction costs, increase feasibility and improve cash flows. Xalles Limited and its mobile team of consultants serve clients on a worldwide basis, with personnel in 13 countries across 5 continents. Xalles can be found on the Web at www.xalles.com.

About Sofmit
Sofmit is a professional IT service company engaged in IT Outsourcing (ITO) and Business Process Outsourcing (BPO). With the tenet of "Do what you do best and outsource the rest" Sofmit is one of the national COSEP companies and a leading Chinese IT outsourcing company. In addition, since 2002, Sofmit has been the leading IT company exporting software services to North America. Sofmit can be found on the Web at www.sofmit.com.

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