hSenid Launches J2ME based Mobile Stock Trading with Dialog Telekom for the first time in South East Asia

Colombo, Sri Lanka, 28th July 2005. hSenid Software International with dialog Telekom & CDAX launched wireless-i stocktrading, the first J2ME mobile stock trading system in Sri Lanka. This J2ME based Stock trading solution is one of the most convenient and secured mobile stock trading system implemented so far in the whole of South East Asia.

“We are glad to launch the first J2ME based stock trading system with Dialog and CDAX in Sri Lanka. Our solution will enable high players in the stock market to be more interactive and trade shares while on the move”. says Dinesh Saparamadu, CEO, hSenid Software International – the J2ME mobile stock trading solution provider, commenting on the introduction of the mobile trading application.

In order to trade shares on a mobile phone, Dialog subscribers need only to download the J2ME based wireless-i stocktrading system to their java-enabled handset from the dialog wap site and thereafter connect via GPRS. Traders will receive confirmation of their transaction through the wireless-I stocktrading system. The system is set to take mobile phone users and players of the share market to a new level of dynamism and efficiency.

CEO of Dialog Telekom, Dr. Hans Wijayasuriya had this to say about the company’s latest innovation within its portfolio mobile commerce services. “Our objective in introducing this product was to deliver an unprecedented level of Immediacy and proximity to the Colombo Stock Exchange to the individual investor. The Mobile on line trading application enables mobile consumers to interact with the CSE on a location independent basis for the very first time. I would like to thank hSenid and CDAX, the providers of the mobile trading application facilitating the introduction of this cutting edge product to the Sri Lankan market. I have no doubt that the new service would make a significant contribution to the buoyancy of the Colombo Bourse with investors being now empowered to make instant investment decisions while being on the move in Sri Lanka or overseas”

Asanga Seneviratne, CEO, Investor Access Asia – the developer of CDAX, Sri Lanka’s pioneer on-line trading system, commenting on the launch said that “CDAX Mobile is a another step towards increasing investor accessibility to the Colombo Stock Exchange. This is a significant milestone in financial trading in Sri Lanka, with three industry leaders Dialog, hSenid and CDAX joining hands. Investors can now manage their portfolio while on the move via a highly user-friendly facility with a real time trade ticker, real time stock quotes and live order placement and confirmation facilities”.

About hSenid Software International

hSenid Software International is the premier HRIS solution provider in Sri Lanka, specializing in HRM solutions, mobile applications, eCommerce & Communications solutions. The company has offices in the United States, Singapore and R&D centres in Colombo, Sri Lanka.

hSenid service a large customer base in Sri Lanka & overseas and have provided customized solutions to its clients, addressing their wide, varied & specific requirements. Due to the multiple interests of their clientele, the company has diversified to provide various products & services addressing different customer requirements, whereby – HTA – Human Technology Alliance (Specialized unit for HR / Payroll / Time Attendance & Analytical tools), BeyondM (specialized unit for mobile applications), Webitpro (Dedicated unit for Special Projects) and BPO – Business Process Outsourcing (handling all outsourcing projects). For more information, please visit: www.hSenid.com

About Dialog Telekom

Dialog Telekom operates Dialog GSM, the country's largest mobile phone network. It is a subsidiary of the Telekom Malaysia Group. In addition to its core mobile telephony business, the company provides international services, supporting an International Gateway infrastructure providing retail and wholesale international voice and data services under the brand name of Dialog Global. The company also provides Internet services through Dialog Internet - a fully-fledged Internet Service Provider (ISP). Dialog Telekom also operates Dialog SAT, a mobile satellite service.

About CDAX

Colombo Direct Access Exchange (CDAX) is a seamless real-time Internet trading system for Colombo Stock Exchange-registered brokerage firms and their clients. In June 2003, CDAX clients initiated on-line financial trading in Sri Lanka and transformed investment patterns on the Colombo Bourse forever. CDAX is technology designed to advance development of investment on the CSE by making Sri Lanka's financial market completely accessible to the modern investor