DOVICO, A Profitable Software Company Releases 2nd Quarter Results

Moncton, New Brunswick (July 10, 2002) - (CNW) With so many software companies in debt up to their first line of code, DOVICO Software stands out from the crowd. It has continued to be a profitable company for the past number of years. This fact, combined with DOVICO's continued growth rate of over 200%, separates DOVICO from all of its competitors.

With the first half of the year recently behind us, and a bright future ahead, DOVICO is breaking new ground with each day that goes by. Over 430 NEW contracts were handled in the past six months (that is more than 70 per month).

With the most recent version of their award-winning time and project management software, DOVICO incorporated various methods to enter time, expense and project information, including ALL wireless devices (web-enabled cell phones, PDA's, etc.) plus support for Palm and Windows CE (Pocket PC) PDAs through hot sync technology. DOVICO invested over $1,000,000 into the wireless component of this newest release.

The innovation and excellence that DOVICO has shown has not gone unnoticed. Recently claiming several awards for export sales and innovation, DOVICO continues its domination of the project & time tracking market.

Track-IT Suite 2002 (DOVICO's flagship software) is available in many configurations, from a web-based ASP solution, to a client-server installation. The software is scaleable to more than 50,000 users and can fit the organizational needs of any company.

About DOVICO

DOVICO Software, remains a privately held company and leader in time and project tracking solutions worldwide. Their award-winning suite of products marketed under the trade name of Track-IT® Suite, helps organizations with resource and project management, and gives management, partners and customers accurate and timely information for better decision making. Therefore resulting in cost reductions, productivity increases, and ultimately increased corporate profits. Clients and partners include 1000s of well-known corporations located worldwide such as Motorola, 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

For more information on DOVICO or DOVICO Timesheet software please call 1-800-618-8463 (North America), 00 800 4618 8463 (International) or visit www.DOVICO.com