DOVICO - Surpassed quarterly expectations results in record revenues

Moncton, New Brunswick (April 14, 2005) - DOVICO Software announced today that first quarter revenues exceeded expected results by over 80% and that revenues increased by nearly 70% over the same period last year. These results represent record quarterly revenues for DOVICO Software. Throughout its 16 years, DOVICO Software has sustained its growth through innovation and its dedication to provide products and services to assist organizations in delivering their projects on time and on budget.

"DOVICO's continued commitment to superior products and services is certainly bearing fruit as demonstrated by these exciting results". said Yves Doucet , DOVICO Software's CEO and Founder. "Our growth is spread across all regions and industry sectors as many businesses turn their attention towards internal effectiveness".

DOVICO Software's innovation and experience is further established by the fact that increased revenues are generated, not only by new clients, but by a long list of existing clients purchasing additional licenses and services.

Martin Johnson , V.P. of Marketing for DOVICO Software: "Our established clients continue to purchase and offer great referrals for new clients. To me that says a lot".

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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(R) Suite, 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. Therefore resulting in cost reductions, productivity increases, and ultimately increased corporate profits. Clients and partners include 1000's of well-known corporations located worldwide such as Motorola, Deloitte & Touche, WebMD , Michigan State University and Honeywell.

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

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Posted: 14 Apr 2005 | Surpassed quarterly expectations results in record revenues