Norwalk, CT – February 16, 2005 – E-Tran announced today that it has added Larry Dwyer, George Dunkel and David Friedman to its advisory board.

E-Tran continues to build up a very impressive advisory board of industry experts from the banking and business communities.

Larry is currently the president of Leader Associates, a consulting organization providing senior management expertise in the corporate and municipality industries. For over thirty years, Larry has served NY State in a variety of public sector roles including ten years as the President of the Westchester County Association, Westchester NY’s premiere business forum and ten years as Town of Bedford NY’s Supervisor. Larry combines strong leadership, communication and a vast network. He has served on dozens of Board of Directors; currently serving on Hudson Valley Economic Development, Westchester Venture Group, Luban School of Business – Pace University, Northern Westchester Arts Center, Westchester Community College.

For nearly forty years, George has held a number of senior management roles in the banking industry. Most recently, for the past sixteen years, George was the President & CEO of Community Bank of Sullivan County, President & CEO of State Bank of Westchester and Executive Vice President of Hudson Valley Bank. George is on the Board of Directors of the Atlantic Central Bankers Bank, Mid-Hudson Cooperative Insurance Company, New York Bankers Association, Independent Bankers Association of New York State, and Sullivan County Partnership for Economic Development.

David has over thirty years of experience in the financial services industry. Currently, David is a Director of 1st United Bank. For over 32 years, David has been a practicing attorney in New Jersey and is of counsel to the law firm of Ridolfi, Friedman, Frank, Edelstein & Backinoff located in Lawrenceville, New Jersey. David has been Chairman of the Board of Directors for Advantage Bank and a Director of the Broad Street National Bank. David was an organizer and Director of Commonwealth State Bank in Newtown, Pennsylvania and First Capital Bank in York, Pennsylvania. In addition, David is also an active real estate developer and investor.

E-Tran makes it possible for financial institutions to offer their valued business customers with a secure and reliable suite of electronic payment services while generating fee-based income. E-Tran’s customers fall into several major categories including utilities, municipalities, financial services, property managers, and general businesses. The revenue model is one that works well for all involved. Business customers of a financial institution save substantial dollars by accepting ACH payments.

E-Tran is a leading IT Financial Services Company. It enables Financial Depository Institutions (FIs) to offer their customers secure, reliable, high volume online ACH cash management services. E-Tran makes it possible for the community banks and regional banks to offer even more robust ACH cash management services than the much larger financial institutions. E-Tran’s WebAccess and Electronic Lockbox products enable FIs to earn significant fee based income while providing more comprehensive services to their clients. E-Tran is one of a select group of non-financial institutions that the Federal Reserve has approved as a Sending Point with its own ETI Routing number that enables to E-Tran to transmit secure and reliable transactions on behalf of its customers. For more information contact (866) 50-ETRAN (503-8726) or visit us at www.e-tran.net