REVENUE RESULTS SHOW 30 PERCENT GROWTH

Moncton, New Brunswick, Canada (Jan 7, 2008) DOVICO Software, a Moncton based company, announced today that revenues increased by an average of 30% over the last 3 years.  Results were compiled from fiscal 2005 to fiscal 2007 and included total revenues from all sales and partner channels.  There are two substantial areas of growth; First is the Hosted Online Software Application market place (SAAS – Software as a Service) and second, the deployment in additional departments within client organizations. 

“We are always striving to create a unique management decision tool yet maintain simplicity of time sheet and expense entry, therefore making it easy for employees to accurately submit their time and expenses”, said Yves Doucet, DOVICO Software’s founder and CEO. “Our customers have realized increased profits through the evolution of such ground breaking new features as ‘Project Alert Notifications’; advising clients BEFORE their projects go over budget.  With such strong new features, and simplicity of use, clients are now deploying the software to different departments.”

DOVICO Timesheet recently earned the Gold Award and named ‘Best Time Management Software’ and ‘Best Time Tracking Software’ by TopTenREVIEWS Inc. This is the second consecutive year that DOVICO has received this award. 

“DOVICO Timesheet offers more practical features than any other time management program on the market. Just a few of the time–tracking features will track employee hours, sick time, vacation time, holidays and overtime. This software can do anything and everything to keep track of your employees’ hours”, said the TopTenReview, ”Exceptional time tracking and business management features coupled with over 136 different reports, sets this application apart and makes it the ultimate web–based software for business owners and managers.”

This type of feedback has fostered continual growth for DOVICO, which has seen an increase in staff dedicated to the quality of the product and towards the total customer experience. 

-  30 -

About DOVICO Timesheet
DOVICO Timesheet is a powerful time management software solution that monitors project costs, employee time sheets, and expenses. This performance management software has been tested and proven globally by thousands of successful companies for workforce automation. Whether you're a leader in your field today or just on your way to becoming one, DOVICO Timesheet can help increase your profits and provide improved project control and timesheet management. Integration to Intuit QuickBooks, Microsoft Office Project and compliancy with SOX and DCAA are included.

About DOVICO:
DOVICO Software is a software development leader that provides proven project time and cost saving solutions. Established in 1989 in response to the emerging global demand for improved operating efficiency, our time and project tracking software products have been embraced by thousands of the world's best-known companies such as Motorola, WebMD, Michigan State University and Honeywell. DOVICO has created and continually refined our time management, time attendance and time billing software tools that let companies stay focused on what they do best, while we strive to constantly exceed their business needs and expectations.

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

© 2008 Les Entreprises DOVICO Enterprises Inc

© DOVICO Enterprises Inc.