Abak Softwares Releases Version 7.0 of its Time, Billing and Project Management Software

QUEBEC CITY, QUEBEC, May 27 (MARKET WIRE) --
Abak Softwares launches version 7.0 of its Abak time, billing and project
management software. The new release packs several key features and
enhancements including a new dashboard, a Resource Planning module,
electronic invoicing, integration with Simply Accounting, as well as an
improved visual of generated reports. With these enhancements, Abak is
providing greater flexibility and ease-of-use enabling small-to-medium
size companies to further optimize their invoicing processes, simplify
time management and increase overall business efficiency.

"Our Abak software has been in constant evolution since it was first
introduced in 1997," said Guy Boisvert, CEO. "The application has
undergone continuous improvements to remain at the cutting-edge of
technological advancements, as well as adapt to changing client needs.
The enhancements in version 7.0 are based on customer feedback, and
reflect our commitment to continue serving the market with a
best-in-class time and billing solution that facilitates project
management with the utmost in ease-of-use and flexibility."

"Abak software is a solid time and billing project management system that
has consistently delivered value to our company," said Michele Parent,
Billing Manager at a cd f (i) architecture | urbanisme | interieur. "It's
a highly flexible, easy-to-use system that helps companies to speed up
and improve the accuracy of their billing and data entry processes, in
addition to gaining an overall efficiency in project management. We're
looking forward to using version 7.0 and are certain it will be very well
received by all Abak users."

New features and improvements in Release 7.0 include:

Dashboard

A new Abak Dashboard has been added providing management with a quick and
comprehensive view of key information required to manage project time and
resources, presented in a user-friendly interface.

Resource Planning Module

Abak's new Resource Planning Module enables the scheduling of employees
on multiple projects. Schedules can be planned by employee, by day and by
hour. The new feature also enables management to compare scheduled versus
actual hours spent on any given project in order to determine the
man-hour profitability of each project. In addition, management can
easily assess the actual availability of each employee facilitating the
assignment of resources based on project requirements.

Electronic Invoices

To accelerate the billing cycle while reducing paper consumption,
companies are now able to generate and send invoices via email. Email
text accompanying the invoice can be pre-set or customized for each
individual invoice, based on client billing preferences.

Simply Accounting Integration

Version 7.0 now includes integration with Simply Accounting, adding to
the extensive list of major accounting systems already supported such as
ACCPAC, QuickBooks, Avantage, Fortune, 1000/Acomba, and Virtuo.
Integration with Simply Accounting is accomplished via ASCII.

Additional Enhancements

Other enhancements in Abak 7.0 include workflow module alerts that notify
users when a project's current status has been modified, as well as the
option of viewing and printing reports in larger format to maximize
report real-estate.

A New Image For Abak

In addition to the launch of Abak 7.0, the Company also introduces a new
logo and image for the software. This is in line with Abak's corporate
rebranding which also includes a new corporate image, logo and redesigned
website at www.abaksoftware.com.

About Abak Softwares

Founded in 1997, Abak Softwares is a leading provider of customizable
time, expense, billing and project management software. The Company's
software is a modular application that enables companies to plan the use
of human and financial resources, manage timesheets and expense accounts,
generate key reports in real-time, and bill in an intelligent and
straightforward fashion. User-friendliness and custom grids are intrinsic
to the product offering, the application is 100% Internet-enabled, and
accessible remotely under the same interface. Abak is sold around the
world via a network of resellers and business partners, and is renowned
in the services industries with a large customer base in accounting,
engineering, software engineering, architecture, research consultants,
business consultants, IT and multimedia. For more information about Abak,
visit the company web site at www.abaksoftware.com.

Contacts:
Abak Softwares Contact :
Marie-Eve Turgeon
Communications Coordinator
1-888-849-8059 ext. 223
418-872-9018 (FAX)
meturgeon@abaksoftware.com

Agency Contact :
Verrecchia Group Communications
Marlene Kovac
514-421-1940 ext. 148
514-685-6768 (FAX)
marlene@vergroup.com

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