DOVICO Announces Release of Phillips Exporting Tool

MONCTON, NB, December 17^th, 2000 - Software Company, DOVICO Enterprises Inc. today announced an agreement with Phillips, Maryland, US, to distribute a new add-on product for DOVICO's Track-IT light T software. This new tool designed by Phillips, will give greater flexibility to DOVICO clients by allowing them to export their multiple level timesheets to Microsoft Excel.

"We are very enthusiastic about this new tool, as it will be a wonderful complement to our suite of products," says Yves Doucet, President, DOVICO.

"Phillips is pleased to offer this new tool to DOVICO clients free of charge" says Pieter Phoelich, Phillips, "This tool will give their clients even greater flexibility".

Track-IT light is professional timesheet entry software that keeps track of the time spent on projects, activities and expenses. It eliminates the need for paper time sheets and provides instant reports and invoices to improve productivity and free up valuable time. Track-IT light allows multiple types of time entry. Including an easy to use timer (stopwatch time entry), calendar for a month at a glance view, and timesheet for bulk time entry. A variety of reports can be created instantly to improve productivity and for invoicing & expenses. You may also export timesheet information in different formats for further customization.

Track-IT light is also included in Track-IT Suite as one of many timesheet entry tools. 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 or web-based 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.

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About Phillips International, Inc.

A leading publisher in America, with a fast-growing Internet business, Phillips International, Inc., provides a wide range of quality products and services for the investment and health marketplaces. Headquartered in Maryland, USA, Phillips International Inc., has achieved sales of 350 million in 1999 through its global distribution channels.

More information about Phillips International, Inc. is available through the company's web site located at www.phillips.com

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.