HONG KONG October 17, 2002 - Azeus Systems Limited announced today that all of its business divisions were assessed at the highest Maturity Level 5 according to Software Engineering Institute's (SEI) Capability Maturity Model (SW CMM Version 1.1) on the day of October 9, 2002.

The Company Managing Director, Mr. Lee Wan Lik, indicated that Azeus Systems Ltd has demonstrated its ability to develop and deliver Best-in-class software systems through this assessment. Azeus, as a company of continuous improvement, is one of the first to announce a rating at Level 5 in Hong Kong and South East Asia. This is an achievement not only for Azeus Systems Limited, but also for all of our dedicated staff.

The Capability Maturity Model for Software (CMM or SW-CMM) is a model for judging the maturity of the software processes of an organization and for identifying the key practices that are required to increase the maturity of these processes.

The SW-CMM has been developed by the software community with stewardship by the SEI. It has become a de facto standard for assessing and improving software processes. Through the SW-CMM, the SEI and community have put in place an effective means for modeling, defining, and measuring the maturity of the processes used by software professionals. Azeus' assessment was led by SEI Authorized SW-CMM Lead assessor Mr. Tumu Satish Kumar of QAI India.

The Software Engineering Institute (SEI) is a research and development center sponsored by the U.S. Department of Defense and operated by Carnegie Mellon University.

There are currently about 100 organizations in the world that have publicly announced their SW-CMM Level 5 assessment. Among them are world renowned companies like Boeing Defense & Space Group, Infosys Technologies Limited, Lockheed Martin Mission Systems, Motorola, Nasa and Tata Consultancy Services.