(Bangkok , Thailand - November 11, 2004) – Mustang Technologies, a leading provider of software services in Thailand , announced today that Norway 's Baeko AS has agreed to collaborate with Mustang Technologies by outsourcing the development of software applications for Baeko's customers in Norway .

Mustang Technologies Founder and CEO, Charles J. Kathrein, added, “We are delighted that Baeko has selected Mustang Technologies and Thailand to outsource the development of software applications for companies in Norway . Baeko has a track record of success in Norway ; therefore, the collaboration with Mustang Technologies will allow Baeko to offer affordable, high quality offshore software development services to their customers.”

Baeko AS General Manager, Øystein Baeko, added, ‘ By collaborating with Mustang, Baeko is able to tap into a pool of qualified programmers for an affordable rate. Mustang's strong focus on quality was one of the key factors, which attracted us to select them. We are very sure that our cooperation with Mustang will enable us to provide, quality and cost effective software development services to our clients in Norway .'

About Mustang Technologies
Mustang Technologies is a privately owned, Thailand Board of Investment promoted, technology company that focuses on providing outsourced software and e-commerce services. Mustang Technologies operates a software factory in Software Park Thailand , near Bangkok , Thailand , that offers high quality, affordable software development services in one of the world's most popular tourist destinations. Mustang Technologies' MUSTANG COD MODEL gives global clients, looking for affordable alternative to in-house software development, an opportunity to manage their software development projects using highly skilled, affordable, local development teams. Mustang Technologies' senior management team has more than 50 years experience in the Information Communication Technology (ICT) industry.

For more information please visit our website: www.mustang-technologies.com

For more information please contact:

Charles J. Kathrein

Founder and CEO

E-mail: charles.kathrein@mustang-technologies.com

About Baeko AS :
Baeko is a total provider of Software Engineering Services located at Hof , Norway . We have 10 years of programming experience from various fields coupled with international work experience. We started our commercial operations in March 2001. Baeko now focuses on the five steps of the software development life cycle: analysis, design, development, test and implementation and support to provide our clients perfectly engineered software solutions.

For more information please visit our website www.baeko.com

For more information please contact:
Mr. Øystein Baeko
General Manager
E-mail: oystein@baeko.com