SOURCE: Database Solutions, Ltd.

May 02, 2007 08:00 ET

Database Solutions, LTD. Signs Memorandum of Understanding With PhiStream Inc.

Both Companies Will Combine Their Technologies to Provide a Robust Feature Rich Product to the Insurance and Financial Industries

TORONTO -- (MARKET WIRE) -- May 2, 2007 -- DATABASE SOLUTIONS, LTD. (PINKSHEETS: DBSJ), a Customer Relationship Management (CRM) and Technology Company for the Insurance and Financial Industries, announced today that it has executed a Memorandum Of Understanding with PHISTREAM Inc. a Vancouver, Canada based technology consulting firm to jointly market Database Solution's Agent Intelligence CRM and Policy Administration solution for the Life Insurance and Financial Planning Industries.

The goal for this partnership is to establish a joint development project to integrate each company's products and service offerings and market it as a complete solution to the North American insurance and financial markets. This new complete solution will combine Phistream's "PHIPE Dialer," a highly customizable call center software that utilizes an Automatic Dialer technology that will integrate with any Voice Over Internet Protocol (VOIP) and Phistream's Document Management Systems into Database Solution's proprietary Agent Intelligence Online On-Demand CRM software.

About PHISTREAM Inc.

PHISTREAM INC. currently operates in Canada, United States and India. With interest in various technology driven businesses. Phistream started out as a software company back in 2004 and has since grown to a group of companies that is now involved in four distinct business models, specifically, customized software and application development, legal process outsourcing, accounting, health care services (including medical tourism) and business consultancy. For more information visit www.phistream.com.

Mr. Jason Wong, Chief Executive Officer of Database Solutions, Inc., stated, "We are very excited about this opportunity to expand our market share within other Continents with the assistance of the well-established PHISTREAM INC." Mr. Wong continues by stating, "By incorporating PHISTREAM's customized technology and lead generation products into our Agent Intelligence software, we can now offer our clients a tool that will both manage and track their financial products while generating hundreds of new leads to increase their business."

About Database Solutions, LTD.

Database Solutions, LTD. is a technology and marketing company in the on-demand Customer Relationship Management (CRM) industry and the software developer of Agent Intelligence. Database Solution's Agent Intelligence Technology is a proprietary browser-based software and was designed specifically for the insurance and financial industries to provide backend administration of insurance policies, financial transactions, client tracking and client marketing/selling strategies for an entire insurance brokerage or insurance company. The Company's family of products includes a comprehensive suite of CRM applications to help enterprises of all sizes, industries and geographies meet the complex challenge of sharing and managing information on-demand. Unlike other insurance administration systems currently on the market, Agent Intelligence focuses on the needs of the broker by simplifying their business while eliminating the paper administration involved in tracking their clients to increase sales. By automatically tracking all events along the lead development process an agent and/or manager is able to see any weaknesses in an agent's selling process. Automated reports critical to both management and agent are automatically available through the use of the Agent Intelligence System. Agent Intelligence is 100% browser based and requires no hardware or software installation. The Agent Intelligence user also immediately benefits from complete upgrades and on-demand customization.

For further information on Agent Intelligence and Database Solutions LTD., visit the Company's Web site: www.onlinedatabasesolutions.com.

Safe Harbor

Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Database Solutions, LTD. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Database Solutions, LTD. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.

Contact Information