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PRICE Systems Expands Global Footprint with New TruePlanning 2007 Customers; New Contracts Exceed $600,000

TruePlanning 2007 Tailors Cost, Schedule, and Risk Models and Benchmarks for Aerospace & Defense Contractors, Commercial Enterprises, and Government Agencies

MT. LAUREL, NJ / August 31, 2007 / PRICE Systems, L.L.C., the world leader in cost estimating and analysis solutions, today announced the addition of 19 customers to its expanding global customer base. Leveraging TruePlanning® 2007, an integrated set of tools that enables the estimation and analysis of hardware, software, and information technology (IT) projects, these customers will rely upon PRICE Systems' cost, schedule, and risk estimation for tasks ranging from construction and manufacturing of systems, to software and IT applications development and deployment. These new contracts are worth over $600,000 in total.

Building on the momentum of the TruePlanning 2007 launch this June, several PRICE Systems' new customers include: the Federal Bureau of Investigation (FBI), Northrop Grumman Corporation, Severn Trent, Smiths Aerospace, and the United States (U.S.) Navy. Additional recent customer contracts include several government agencies within Germany, Korea, the People's Republic of China, and the United Kingdom (U.K.). Further, PRICE Systems has recently re-signed Saab AB and BAE Systems.

TruePlanning 2007 is a complete suite of integrated cost models, benchmarks, and powerful, fast knowledge management, which enables the cost, schedule, and risk management estimation and analysis of product and IT system lifecycles. The suite helps organizations - ranging from government agencies to hospitals and from banks to systems integrators - reduce estimating time and costs by enabling quick exploration of all alternatives for maximum impact. This accuracy brings confidence to budgeting and managing projects - allowing decision-makers to earn higher credibility among stakeholders and fulfill expectations for successful project, program, and business outcomes.

"TruePlanning 2007 encapsulates PRICE Systems' 30 years of experience with thousands of projects, software expertise, and continuous independent research - and our new customers are able to reap the benefits" said PRICE Systems President Anthony DeMarco. "TruePlanning 2007 enables our customers to make better, faster, and more on-target estimates, streamlining project lifecycle management at all stages and saving money at all levels."