Press Release 20/01/2003

ULYSSES SYSTEMS AND FUJI TRADING FORM STRATEGIC ALLIANCE

TOKYO 20 January 2003: Fuji Trading Company, Ltd, and Ulysses Systems, Inc. have signed a strategic business alliance to jointly market, distribute and support the Ulysses Systems, Task Assistant product suite in Japan.

A respected business leader around the world, Fuji Trading Company has agreed to represent Ulysses Systems providing full sales and support of Ulysses Systems innovative vessel management system, that includes Marine Purchasing, Vessel Planned Maintenance, Crewing, and Marine Quality and Safety.

Commercial shipping is coming under increased scrutiny from government, industry leaders, and chartering customers. The Ulysses Systems Task Assistant is an innovative yet tested approach to ensuring that ship operations are more effectively managed, said Yuzo Koike , of Fuji Trading Company. Those ship managers who can show increased operational excellence will be rewarded by an increase in the number of vessels under management This is precisely the type of creative opportunity that Fuji Trading has recognized, and this new partnership promises to be a significant milestone in our company's history.

Ulysses' innovative Task Assistant adapts itself easily with the existing ship management processes of the organization. Unlike most software packages that require customers to modify ship operations around the capabilities of software, the Task Assistant is fully configurable by the user organization to incorporate existing roles and tasks for both the shore office and the shipboard workspace states Farzin R. Karma, Regional Technical Director, Ulysses Systems Inc. Asia-Pacific Significantly low training needs further validate the Task Assistant's user-friendliness and suitability for the maritime environment he adds. The task-centric architecture of the Ulysses solution suite ensures that the right type and amount of information is easily made available to authorized end-users in a timely manner. Task Assistant users thus have more time to attend to more productive duties that contribute to better safety, security and efficiency both ashore and onboard. We are honored that Fuji Trading has agreed to help us bring this timely solution to new markets.

About Fuji Trading Company, LTD.
Fuji Trading was founded in 1953 as a supplier of stores and foodstuffs to merchant ships around the world. Over more than 40 years since, the company has expanded and diversified into a supplier of technology, offshore drilling equipment and machinery as well as a developer of new markets and business opportunities. For more information, visit www.fujitrading.co.jp

About Ulysses Systems, Inc.
Headquartered in Livonia, Mich., Ulysses Systems, Inc. is a leading provider of computer products and services that offer business process solutions to a variety of industries. With about 60 employees worldwide, the company also maintains offices in Europe and the Far East. . For more information, visit www.ulysses-systems.com