Duplicate Payments Solution Provider Appoints New Chairman
FISCAL Technologies Ltd welcomes Chris Cronk

READING, UK. – 10th June, 2007 - FISCAL Technologies, providers of world class duplicate payment detection software and services, today welcomed Chris Cronk as its new Chairman.

As Chairman, Chris will help define strategic direction in terms of solutions, customer markets and growth. He has over 16 years experience in Senior Audit Management roles for a number of large public sector and private companies around the world, including Thames Water and The Guinness Trust.

Commenting on his appointment, Chris Cronk said:
"FISCAL Technologies has already established itself as one of the world’s leading duplicate payment software specialists, by drawing on first-class auditing experience over the last 4 years to provide a constant stream of innovative technology. With its depth of experience and world class software and service, FISCAL Technologies has a very bright future. I am looking forward to joining the company at this exciting time."

FISCAL Technologies Director of Customer Development, David Griffiths said:
"I am delighted that we have attracted Chris Cronk to FISCAL Technologies. His experience and knowledge will provide a new and invaluable perspective as we continue to grow our company."

FISCAL Technologies is recognised as a worldwide centre of excellence for duplicate payment detection. It specialises in the development of recovery audit detection software & services for Government, FTSE & Fortune 1000 companies.

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About FISCAL Technologies
FISCAL Technologies Ltd, founded in 2002, provides world class duplicate payment software to corporations, financial institutions and banks. Organisations trust these solutions to meet their needs for cost reduction, fraud detection and optimisation of working capital.

Duplicate Payment FinderTM locates duplicate payments and incorporates one of the industry’s best algorithms. It has been used to scan hundreds of millions of payments across the globe. For more information, please visit www.fiscaltechnologies.com.

FISCAL Technologies and the FT logo are trademarks of FISCAL Technologies Ltd. which may be registered in certain jurisdictions.  All other brand/product names are trademarks of their respective holders.

Media Contacts:
David Setty
FISCAL Technologies  Ltd 
+44 (0)845 680 1905
dsetty@fiscaltechnologies.com                                                    

Cautionary Language
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors.  Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions.