A Local Atlantic Internet-Based Company Releases Enterprise Time & Project Management Solution

MONCTON, NEW BRUNSWICK, December 17^th, 2000 - DOVICO Enterprises, Inc. unveils its new client-server or web-based installation of 'Track-IT Suite' time & project management software for companies up to 50,000+ employees.

DOVICO, best known for its cost effective Track-IT(R) time and project management software (recently awarded "Best Business Software" and "5 out of 5 stars, Editor's Choice" by ZDNet), has developed a new application geared towards the needs of larger corporations.

This power-packed software combines exciting new features with the established functionality corporations such as FedEx, US Bank, US National Weather Service, Compaq, and Blue Cross etc. have come to rely on.

Employees whose companies use Track-IT Suite can use any combination of Track-IT timesheet entry toolsT to enter time and expenses through the web & Internet, intranet, network, or e-mail. Track-IT Suite is a full-featured software package designed specifically for time and cost reporting. It's ideally suited for corporations who desire to improve productivity and monitor project time and costs. This scalable client-server solution monitors timesheets, invoices and expenses for employees, teams and departments. Through better time and project management, Track-IT Suite helps corporations reduce costs and monitor resources.

Managers using Track-IT Suite easily create over 65 customizable time and cost reports & graphs by individual, team, project, activity and more. Every report or graph can be exported or sent by e-mail in up to 70 different formats. Track-IT Suite creates invoices, and expense reports, or tracks billing and receivables.

DOVICO, a profitable private corporation, has been providing time management solutions for several years. Since 1997 DOVICO has been concentrating on global markets through the Internet, and has seen a move in its existing client base to over 90% into these international markets. This strategic move has also brought a consistent yearly sales growth of about 200%, and a year 2000 sales growth of over 210%. Yves Doucet, President, expects this figure to increase significantly due to their new 'Track-IT Suite' product launch and sees the company growing so rapidly, that by the end of 2001, Mr. Doucet predicts that DOVICO will move into the public arena.

DOVICO expects to create an additional 15 to 20 IT related jobs by the end of 2001. The challenge now is to find good people with the right skills. So far, DOVICO has been successful in recruiting locally. "Finding people with the right IT skills needed to handle new product development and marketing on-line can be difficult. So far, we've been very successful in recruiting individuals locally with the skills and knowledge needed to develop, market and deliver high quality products", says Mr. Yves Doucet.

DOVICO will shortly be searching New Brunswick for on-line account managers and programmers offering competitive salaries ranging from $30,000 to $100,000. "We are always finding better ways to offer a positive working environment, excellent wages and benefits are only two examples of how we accomplish this objective.", says Mr. Doucet.

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

© DOVICO Enterprises Inc.