Timeline Receives Australian Patent On Data Mart Generation Technology

Business Wire, June 28, 2001

Business/High Tech Editors

BELLEVUE, Wash.--(BUSINESS WIRE)--June 28, 2001

Timeline, Inc. (OTCBB:TMLN), announced today it received a patent award from the Australia Patent and Trademark Office, the company's first international patent award. This patent extends Timeline's U.S. patents for the automation of data mart design with multiple source capability. Timeline's patented technology is primarily for generating data marts used in the transformation, preparation and maintenance of accounting data for reporting, budgeting and analysis.

"We are delighted to begin receiving international protection for our intellectual property rights," said Michael Evans, VP of Worldwide Sales. "We have several clients and a distributor in Australia who utilize our software, and it is a geographic region in which we have an interest in expanding."

"This patent award further solidifies Timeline's position as a global leader in the transformation, preparation and maintenance of data, including written data such as account information, as well as accounting data for reporting, budgeting and analysis," stated Charles Osenbaugh, president and chief executive officer. "Since 1998, our patents have been widely licensed by the world's largest software companies, including Microsoft (Nasdaq: MSFT), Broadbase Software (Nasdaq: BBSW), Sagent Technologies (Nasdaq: SGNT) and Oracle (Nasdaq: ORCL)."

Timeline's product line applies its patented technology to distribute data marts of information drawn from a wide variety of accounting and financial systems. These data marts are used on the desktop for reporting, budgeting and analysis through Timeline's Excel-based products. This eliminates re-keying of data while maintaining data integrity, and allows each end user to develop personal analysis or reports using Timeline-enhanced technology. The company's primary products, Timeline Analyst and Timeline Server, consist of client/server and desktop software applications based on Windows/Windows NT and Microsoft Office operating systems.

About Timeline

Timeline develops, markets and supports proven, Microsoft Windows-based financial management reporting software suitable for complex applications such as those found in medium to large, multinational corporations. Timeline Analyst was developed for Windows, Office and Windows NT and takes full advantage of Microsoft's latest operating systems. Timeline can be reached at 800-342-3365 or on the web at www.timeline.com. WorkWise Software, Inc., a subsidiary of Timeline, is the leading provider of event-based notifications, application integration and process automation systems to the mid-market. The WorkWise solutions are exclusively available through authorized OEM and Reseller Business Partners. WorkWise OEM Partners include Sage Software, Best Software, SBT Software, and Semaphore Financial. Reseller Partners include Select Systems, Reseller Resources and MKT Software Designs. For more information on WorkWise Software, Inc., visit its website at www.workwise.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the ability of third party partners to generate sales, the ability to reach definitive agreements in negotiations with third-parties to market or license Timeline's technology, acceptance of new products introduced by alliance partners, ability of the company to successfully absorb acquisitions, risks associated with international operations, corporate spending patterns, the ability of the company to control and reduce expenses and increase working capital, liquidity for marketable and restricted securities, and other risk factors detailed in the Company's Securities and Exchange Commission filings. Use of the words "believe", "intend", "may" and "expect" in this news release is intended to identify these forward-looking statements, although it is not the exclusive means of doing so.