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HMS Announces Cobra 3 for Windows Now Available in Canada!

MONTREAL - October 31st, 1996 - Cobra 3.0, Welcom Software Technology's 32-bit cost management software, is now available for immediate shipment in Canada, it was announced by Chris Vandersluis, President of Welcom's Canadian distrubutor, HMS Software. Cobra 3.0 is the first Windows 95 and Windows NT - designed product on the market to deliver powerful and comprehensive cost management for managing and analyzing budgets, earned value, actuals, and forecasts.

For many years Cobra has been a success throughout the world in its DOS form. Cobra meets the exacting standards required by the US Government such as the C/SCSC (Cost/Schedule Control System Criteria). Welcom brought Cobra into the 32-bit Windows world and it's unique flexibility and extensive features are based on an open architecture using industry standard databases. This ensures that organizations using Cobra will be providing all the latest technology to their users.

Cobra's strength lies in its ability to handle diverse cost management needs for commercial enterprises and government contractors - proposal pricing, cash flow management, strategic planning, and performance measurement. Cobra supports all the widely ued performance measurement techniques, allows users to track unlimited types of costs, and permits the most powerful forecasting capabilities available today.

Cobra also features powerful and flexible reporting, and helps users build custom reports using step-by-step wizards. A Spreadsheet Wizard helps the user select criteria for a report through easy to follow dialogue. A Results Wizard allows new results o be displayed from the addition of existing results to offer even more reporting variety. A Chart Template Designer provides a virtually unlimited number of graphical 2- and 3-dimensional charts in which every aspect of the output (such as color and rotation of a 3-D graph) can be defined.

Users will benefit from the powerful Excel-style reporting that Cobra offers. Reports are generated in a familiar Excel-style spreadsheet where options such as annotations, column widths, fonts and more can be defined interactively. Reports can also b saved to an Excel .xls file format.

Tony Welsh, President of Welcom Software Technology, said "Cobra has been the number one product when organizations require flexible cost management applications. Now, with the release of the Windows 95 version of Cobra, users can expect additional funcionality and power, but with the ease-of-use of a graphical user interface."

"Welcom is committed to providing organizations with tools that can be implemented organization-wide. The Cobra 3.0 open architecture and exceptional functionality make it ideal to meet even the most exacting cost management challenges," said Mr. Welsh.

Chris Vandersluis, President of HMS Software said, "We're excited about the Canadian release of Cobra 3.0 for Windows 95 and Windows NT. Cobra has been designed to support the Canadian standards for cost control software. We view the release of this prduct as a significant event for the project cost control environment in Canada."

About TimeControl

TimeControl was originally released in 1994. It was immediately successful in the project management sector and today is recognized not only as a project management solution, but also as an enterprise timesheet solution in use by companies worldwide. TimeControl is designed as a multipurpose timesheet able to serve the needs of both Finance and Project Management simultaneously. It includes features such as a multi-browser, multi-device interface, a PC and mobile interface, vacation approvals, executive dashboards, extensive approval functionality, flexible reporting and links to project management and corporate systems which makes the timesheet product ideally suited for integration with existing systems in any organization. TimeControl's flexibility allows it to be deployed for use as a time and attendance, time and billing, project tracking and flex-time system. TimeControl is available both for purchase for an on-premises installation or as an on-line subscription in the Cloud.

To access the free Hosted TimeControl Trial site, visit our free trial page.

For more information about TimeControl, monitor the TimeControl blog at http://blog.timecontrol.org/ or the TimeControl website at www.timecontrol.com.

For information about TimeControlOnline, our hosted timesheet subscription service in the cloud, go to www.timecontrol.com/features/timecontrol-online.

For any other questions, please contact HMS Software at info@hms.ca.

TimeControl is represented around the world by our distributors in Argentina, Australia, Brazil, Canada, Chile, Croatia, Czech Republic, Egypt, Finland, Ireland, Mexico, the Netherlands, New Zealand, Norway, Russia, Singapore, Sweden, Thailand, the UK, and the U.S.

About HMS Software

Based in Montreal, Canada with offices in Toronto, HMS Software has been a leading provider of project management and enterprise timesheet systems and services since 1984. HMS Software's first customized timesheet application was written in 1984. With the launch of TimeControl as a commercial application in 1994, HMS Software began servicing clients worldwide.

HMS Software's client list reads like a who's who of business. It includes Acergy, Aecon, Rio Tinto, the Atlanta Airport, the City of Montreal, the County of San Mateo, Electromotive Diesel, EXFO, FT Services, Kelly Services, Koch, Merck Frosst, the Government of Quebec, Georgia Pacific, Parker Hannifin, Rolls Royce, Sobeys, Volvo Novabus, Zimmer Inc. and hundreds of others.

For further information about HMS Software, please visit the HMS website at: www.hms.ca or contact us at info@hms.ca.