DOVICO - Partnership; Growth Continues for Profitable Software Company

Moncton, New Brunswick (April 14, 2003) - DOVICO Software, a leading provider of time and project tracking solutions, announced their first quarter financial results today with a reported revenue increase of 30% over the same period last year. Keeping in step with the revenue growth, DOVICO continues to hire talented employees to fill its growing needs. One government official recently stated: “The company has an exceptional research and development track record and has superior capability in future development.”

It is because of these past successes that DOVICO will continue its focus on maintaining profitability while pursuing global expansion. “This past year has been tough on many companies, with the economy weeding out the weak and forcing many companies to ‘tighten up’.” Chairman and CEO, Yves Doucet, said recently, “DOVICO has flourished in the midst of this economic downturn and maintained a steady growth based upon impressive resiliency, adaptability and a winning strategy of delivering quality software.”

DOVICO remains confident that through commitment to the quality assurance procedure CMMI(TM) (Capability Maturity Model Integration) and with an increase in R&D investment, DOVICO will secure its position as one of the market leaders in their field.

This quarter also saw DOVICO announcing a new partnership with E-Com, Inc. an innovative provider of performance improvement, eLearning solutions. The partnership will deliver a performance focused, online learning system to augment DOVICO’s existing client training programs.

Scheduled for launch in May 2003, this performance-focused solution is designed to ensure greater utilization of the comprehensive features in Track-IT Suite(TM). Clients will have the advantage of training new and existing employees through a global web based portal in a simple and cost affective way. The resulting reduction in internal training costs and enhanced employee competency ensures a faster Return on Investment.

About E-Com

E-com inc. delivers performance improvement and e-learning solutions to businesses and academic institutions, internationally. Their targeted suite of products and services include the Theorix(TM) learning platform, integration expertise, performance consulting and custom content development using our unique, performance-focused methodology. E-Com's clients can expect solutions that are designed to give them a measurable return on investment while maximizing the benefits of an online learning environment.

About DOVICO

DOVICO Software, a privately held company and leader in time and project tracking solutions, has been providing their award-winning suite of products, Track-IT Suite(TM), since 1989. This powerful software solution helps organizations with resource and project management, and gives management, partners and customers timely reporting information for better decision making resulting in cost reductions, productivity increases, and ultimately increased profits. Clients and partners include 1000’s of well-known corporations located worldwide such as Compaq, American Express, Fed-Ex, Novell, Blue Cross, etc.

For more information on DOVICO or Track-IT Suite(TM) software please call 1-800-618-8463 (North America), +800-4618-8463 (International) or visit www.dovico.com