Two Step Software Announces New Features that Simplify Equity Management and FAS 123R Reporting

Two Step Software Announces New Features that Simplify Equity Management and
FAS 123R Reporting
Latest Release Streamlines Stock Certificate Printing and Volatility
Calculations for Peer Companies

NEEDHAM, Mass., Oct. 5 /PRNewswire/ -- Two Step Software, Inc., a leader in
equity management and online minute book solutions, offers CFOs and lawyers
faster stock option administration and document production with the latest
release of its SaaS equity management and compliance system.

"Given today's business climate, finance needs better FAS 123R reporting,"
explains Gary D. Levine, President and CEO of Two Step Software.

The new equity management features in Version 6.2 make stock plan
administration, FAS 123R compliance, and year-end reporting even faster and
easier. For stock plan administration, the new release offers a more
streamlined approach to tracking complex vesting schedules. With FAS 123R
reporting, Version 6.2 features live daily updates of peer group stock closing
prices which are used for calculating volatility. It also includes daily
updates from the Federal Reserve website for interest rate calculations. Using
the system's centralized data, users and auditors are able to create detailed
reports providing the critical backup details on how each value is generated.

The latest release of the system also improves the stock certificate printing
process by enabling two-sided printing. Users can now print the certificate
design onto blank paper along with the stockholder data, eliminating the need
to purchase pre-printed forms from legal stationary stores. In addition, the
software offers a document export feature that can significantly reduce the
time spent producing copies of minute book and other legal documents in
connection with a due diligence request.

Version 6.2 includes a number of other improvements that enhance productivity
for CFOs and attorneys, such as expedited search-by-name functionality and
support for Internet Explorer 8. The new release is available now for all
customers. More information can be found on the Two Step Software website.

About Two Step Software, Inc.
Two Step Software, Inc. offers the online applications Corporate Focus(TM) and
Equity Focus(TM), equity management and online minute book solutions used by
law firms, financial executives, stock plan administrators, and corporate
legal departments to track corporate records for more than 200,000 companies.
The company is located in Needham, Massachusetts. For more information, visit
their website at: www.twostep.com or call: (800) 223-8900.

SOURCE Two Step Software, Inc.

Douglas McCartney of Two Step Software, Inc., +1-781-972-5200,
dmccartney@twostep.com