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Mustang-Millennium Joint Press Release v1.0
Thailand's Mustang Technologies and Bangladesh's Millennium Information Solution Ltd. Agree Offshore Software Development Collaboration

(Bangkok International ICT EXPO 2005, Bangkok , Thailand ) –

Mustang Technologies, a leading provider of software services in Thailand , announced today that Bangladesh 's Millennium Information Solution Ltd. has agreed to collaborate with Mustang Technologies by outsourcing the development of software applications for Mustang's global customers. The companies will also pursue joint projects. In addition, Mustang shall promote Millennium's Islamic Banking product, “Ababil”, in the Thailand market.

Mustang Technologies Founder and CEO, Charles J. Kathrein, added, “We are delighted that Millennium has agreed to be Mustang's strategic partner by establishing an Offshore Software Development Center for Mustang's clients. This partnership gives Mustang access to Millennium's expertise and resource pool to mitigate the tight ICT labor market in Thailand , thus allowing Mustang to scale operations much more quickly than only relying on the Thailand resource pool. Millennium has a track record of success in Bangladesh , and they have an impressive portfolio of global clients that complements Mustang's impressive portfolio of global clients; therefore, the collaboration between Mustang and Millennium will create significant synergies. The seed for this collaboration was planted at ICT EXPO 2004 by ASOCIO's active promotion of business match-making within the Asia region.” Millennium CEO & Co-Founder, Mahmud Hossain, added, “This collaboration with Mustang will extend Millennium's global reach by taking advantage of Mustang's proven track record of acquiring top quality global clients in Europe and the United States, and contribute towards Millennium's objective of becoming the Software Development Center of Excellence in South Asia and ranking among top ten fastest growing companies in Bangladesh within the next twelve months. We are pleased that our association with ASOCIO has facilitated this collaboration.”

About Mustang Technologies

Mustang Technologies is a privately owned, Thailand Board of Investment promoted, technology company that focuses on providing outsourced software and e-commerce services. Mustang Technologies operates a software factory in Software Park Thailand , near Bangkok , Thailand , that offers high quality, affordable software development services in one of the world's most popular tourist destinations. Mustang Technologies' MUSTANG COD MODEL gives global clients, looking for affordable alternative to in-house software development, an opportunity to manage their software development projects using highly skilled, affordable, local development teams. Mustang Technologies' senior management team has more than 50 years experience in the Information Communication Technology (ICT) industry.

For more information please visit our website - www.mustang-technologies.com

For more information please contact -

Charles J. Kathrein, Founder and CEO
E-mail: charles.kathrein@mustang-technologies.com

About Millennium Information Solution Ltd.

Over the past five years, Millennium, an extremely dynamic, as well as high growth company of Bangladesh , has established itself as a consistent and reliable software solution provider and offshore software outsourcing company through its commitment and dedication towards quality, innovation and customer satisfaction. Millennium's mission is to be among the top ten fastest growing software companies in this region. Millennium's strengths include: Dynamic and experienced management, most of them have overseas work experience; excellent track record of successful project completion (both offshore and domestic); highest number of overseas clients in Bangladesh; highly motivated team of software engineers having excellent academic backgrounds and professional certifications; and, solid experience in architecting and designing scalable and distributed enterprise applications.

For more information please visit our website - www.mislbd.com

For more information please contact -

Mahmud Hossain, CEO & Co-Founder

About ASOCIO (Asian-Oceanian Computing Industry Organization)
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