Microsoft Includes Modernsoft's Financial Genome as Available Add-in in Office XP Book/CD Series

Business Wire, August 8, 2001

Business Editors/High-Tech Writers

SAN MATEO, Calif.--(BUSINESS WIRE)--Aug. 8, 2001

Modernsoft, Inc.'s advanced financial business planning software Financial Genome has been included in two volumes of Microsoft Corp.'s just released Inside Out series of books/CDs about Office XP and Excel 2002. An add-in to Excel 2000 and 2002, Financial Genome can be installed for trial from the Inside Out companion CDs, which contain software products that extend the features of Microsoft Office.

"We are very pleased to have been provided this world-wide exposure of our product by Microsoft," said Dr. Erich A. Helfert, CEO and co-founder of Modernsoft, Inc. "Financial Genome is a unique, knowledge-based business analysis and planning application."

Financial Genome introduces financial intelligence to spreadsheet analysis and financial forecasting. It provides freedom from spreadsheet cell locations, formula creation, and associated errors common in traditional spreadsheets. The software empowers both the business analysis professional and the non-technical user to create internally consistent financial statements, fully integrated forecasts, as well as ad-hoc analyses, from databases and user inputs. Modernsoft, Inc. holds several U.S. patents for the underlying FinGen technology.

Financial Genome is designed around the concept of the integrated business system as the core of financial analysis and planning, presented in the best-selling book Techniques of Financial Analysis, 10th edition, by the company's chairman, Erich A. Helfert. A revised version of the book for the professional market, Financial Analysis: Tools and Techniques, will appear in September 2001.

Modernsoft, Inc. has just released version 4.5 of Financial Genome, which is available for a 30-day trial download and purchase on the company's web site www.modernsoft.com.

About Modernsoft, Inc.:

Modernsoft, Inc. is located in San Mateo, Calif. The company's mission is to create advanced knowledge software technology that revolutionizes the way businesses analyze and interpret structured information.