Released on: August 12, 2008, 11:39 pm

Press Release Author: PIC Solutions

Industry: Financial

Press Release Summary: Cape Town, 13 August 2008 - PIC Solutions, the leading
specialist credit risk solutions company in the EMEA region, has expanded its Board
of Directors to include Nick Geimer.

Press Release Body: Nick's promotion to the PIC Board of Directors is the
culmination of a long and successful career in the credit and risk industry. He
began his career as a consultant delivering IT and business solutions at AMS-CGI in
the USA, after graduating from Princeton University with a BA in Public Policy and
International Affairs.

During Nick's decade of international experience in the consumer risk industry he
has developed an expertise in retail credit management across the entire lending
life cycle. This ranges from prospect targeting to collections and recovery and
covers a wide range of consumer lending products.

Prior to joining PIC Solutions Nick served as the Retail Credit Director for the
Barclays Sub-Saharan Africa division, where he was responsible for lending strategy,
credit risk management and marketing analytics for the Bank's retail products
portfolios.

Previously at Barclaycard, Nick filled the role of the Global Head of Collections
Strategy for the international credit card division. In addition, Nick has also held
divisional management responsibilities for Customer Value Management (credit risk
and marketing analytics) for Barclaycard Spain and Existing Customer Management for
Barclaycard International.

In 2003 he obtained an MSc in Quantitative Risk Management from the London School of
Economics.

Nick Geimer, Director of Consulting at PIC Solutions, states "I am delighted by the
opportunity that this Directorship presents to me. The global consumer credit
industry is undergoing major changes and being promoted during this era of rapid
development will enable me to increase the contribution that I can make to our
client base and the industry as a whole."

Stephen J. Leonard, Chief Executive Officer at PIC Solutions, adds "Nick's
international experience and extensive background in the credit risk industry has
brought a wealth of value to the PIC Solutions clients. In his new role, Nick's
industry expertise will complement the broad business experience of our Board
members. We look forward to drawing upon his invaluable insight as PIC continues to
grow from strength to strength."


About PIC Solutions
PIC Solutions is the leading specialist credit risk solutions company in the EMEA
region. With offices in Cape Town, Dubai, Johannesburg, Manama and Nairobi, we
deliver integrated analytics, consulting and software solutions to over 150
companies in 30+ countries. We work worldwide with organisations to improve
performance, drive strategies and enhance profitability. Analytics | Consulting |
Software

Cape Town | Dubai | Johannesburg | Manama | Nairobi www.PICSolutions.com

Editorial Contact:
Sarka Svoboda
Marketing Manager
Tel: +27 (0)21 680-6010
Fax: +27 (0)21 680-6003
Email: SSvoboda@PICSolutions.com
Web: www.PICSolutions.com


Web Site: http://www.picsolutions.com

Contact Details: Editorial Contact:
Sarka Svoboda
Marketing Manager
Tel: +27 (0)21 680-6010
Fax: +27 (0)21 680-6003
Email: SSvoboda@PICSolutions.com
Web: www.PICSolutions.com