Intraco Systems Closes $15 Million Agreement.

Business Editors/High-Tech Writers

BOCA RATON, Fla.--(BUSINESS WIRE)--Dec. 27, 2001

Intraco Systems, Inc. (OTCBB:INSY) (OTCBB:INSY.OB), a leading provider of advanced speech recognition solution and services, today announced that it has closed on the Letter of Intent, signed

Joseph Lents, CEO of Intraco Systems, stated, "we are excited about the investment into Intraco Systems and the opportunities this investment brings to the company. We are looking forward to working with FIFC and to utilize the vast amount of experience and resources available to us through FIFC to make Intraco Systems an extremely focused and very profitable financial services company." Mr. Lents also stated, "we plan to use FIFC's expertise in the area of financial guarantees to establish a company that will provide financial products that are both unique to the market and highly profitable. Most of these products are already being offered by FIFC so the amount of time to begin generating revenue for Intraco will be minimal. The company should start reporting significant increases in revenue during the first quarter of FY 2002."

Michael Zapetis, Chairman of FIFC, stated, "we have been providing numerous financial products and services privately for over 20 years. We believe now is the right time to expand these products to the public sector and the best way for our investors to benefit is by offering these products through a public company. Our plan is to change the name of the company and begin offering these products and services immediately." Mr. Zapetis also stated, "there will be very little ramp-up time since these products are already available through FIFC. The company will be announcing several of its new financial products within the next several weeks and begin generating revenue immediately."

About Intraco Systems

Intraco is the first service provider to offer next generation voice-enabled technologies as services, including a voice-activated outbound dialer, a voice-activated auto attendant, virtual telephony services and now, as a market leader, innovative, voice-enabled information services, all via centralized data centers, over a private, worldwide IP network. Founded in 1990, Intraco Systems, Inc. has built a solid reputation for bringing together converging voice, data and web technologies, with partners including AT&T, Motorola, IBM, Compaq, Microsoft and Cisco. For more information, contact Intraco Systems, Inc. at 3998 FAU Boulevard, Suite 210, Boca Raton, Florida 33431, USA at Tel: 561/367-0600, Fax: 561/367-9376, email them at info@intraco.com, or visit the Intraco website at http://www.intraco.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainties of future financial results, additional financing requirements, developments of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. All trademarks are the property of their respective owners.