Encore’s Not-for-Profit Series Acquired by Microsoft Business Solutions

April 22, 2004

WINNIPEG. MB, Canada – April 22, 2004 – Encore Business Solutions (Encore) announced today the completion of the acquisition of their Not-for-Profit series of products by Microsoft Business Solutions. The Encore products acquired include Interfund Management, Encumbrance Management, Grant Management, eCommitments, Control Account Management, and two OEM products, Purchase Order Enhancement and Cash Flow Management. Microsoft Business Solutions will be integrating these products into the Microsoft Great Plains core product line, beginning with the upcoming 8.0 version.

Extending the not-for-profit accounting capability, the acquisition brings to Microsoft intercompany payables management and requisition management modules—all which Microsoft currently offers through a reseller agreement with Encore, of Winnipeg, Manitoba. The next version of Microsofts Great Plains software—8.0, due this summer—will have the Encore code integrated to help MBS better pinpoint the public sector. The upgraded release will include applications for grant management, fund accounting and encumbrance, which tracks and monitors the commitment of funds prior to invoicing

Encore Business Solutions will continue to provide and support the following products:

Project Tracking Series:

Project Tracking with Profit Analysis
Project Tracking Importer
Project Tracking Budgeting
Project Tracking Image Link
Advanced Analytics for Project Tracking

Billing Series:

Recurring Contract Billing
Recurring Contract Billing Importer
Recurring Contract Billing Image Link
Mass Billing
Enhanced Customer Statement

Financial Series:

Multicurrency Bank Reconciliation
Electronic Bank Reconciliation
GST PST Distribution

FundVision

We are pleased to say we will continue to provide the same Project Tracking, Billing and Financial series products and the same fine service on which we have built our reputation.