SHELTON, CT, July 29, 2003—FlexiInternational Software, Inc. ("Flexi") (OTCBB:FLXI.OB), a leading designer, developer and marketer of financial and accounting software and services, announced today that Nick [John K.P.] Stone, III has been elected to the Company’s Board of Directors.

Posted: 8/5/03 - CEOCFOinterviews.com
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FLEXIINTERNATIONAL SOFTWARE ANNOUNCES SALE OF CORE3,
ONE OF ITS BPO PARTNERS, TO EPHINAY

Expanded business relationship for Flexi expected with new Company                                

SHELTON, CT, April 29, 2003—FlexiInternational Software, Inc. ("Flexi") (OTCBB:FLXI.OB), a leading designer, developer and marketer of Internet based financial and accounting software and services, today announced the sale of its business process outsourcing (BPO) partner, Core3, Inc., based in Phoenix, AZ, to Ephinay of Charlotte, NC, a finance and business process outsourcing firm.  For its ownership share in Core3, Flexi received $357,000 in April 2003 and stands to realize an additional potential gain of up to $400,000 subject to certain earn-out targets to be achieved by Core3 over the next two years.  Flexi invested $270,000 in Core3 during 2001 and 2002.  Core3 will become Ephinay's Phoenix Service Center and its founder, Gregg Scoresby, will become Ephinay's Executive Vice President of Client Services.    Ephinay is backed by ChrysCapital, a leading investor in BPO companies, and also has a large service center in India.

Posted: 5/30/03 - CEOCFOinterviews.com
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