Halliburton Board Member, Microsoft Canada CEO, and Technology Visionary All Join Time Industrial Inc.'s Advisory Board

Business Wire, Nov 5, 2002

Business Editors, High-Tech Writers

DALLAS--(BUSINESS WIRE)--Nov. 5, 2002

Time Industrial, Inc.(TM), the world's only global service for contractor management that brokers real-time cost and progress data on capital projects, announces the addition of Charles J. DiBona, Frank Clegg and Ken C. Nickerson to its Board of Advisors.

Charles DiBona is Chairman of the Board of Logistics Management Institute, a non-profit organization committed to improving management of the United States' defense establishment through research, analysis and counsel. Mr. DiBona served 19 years as President and 4 years as Executive Vice President with the American Petroleum Institute ("API"), which is the petroleum industry's largest association representing over 350 national and international companies.

Prior to API, Mr. DiBona was a Special Consultant to the President of the United States, served as President and CEO for the Center for Naval Analysis and spent several years as an Officer in the U.S. Navy. Mr. DiBona holds a BS in Engineering, an MA in Philosophy, Politics and Economics and is a Rhodes scholar. He is a member of the Board of Directors for Halliburton Company, a member of the Federal City Council in Washington, D.C., and an Honorary Director of the American Petroleum Institute.

Frank Clegg has held the position of CEO of Microsoft Canada since the fall of 2000. Together with his senior management team, he is leading the Canadian organization toward the achievement of Microsoft.NET(TM), the most comprehensive reinvention of Microsoft in the company's 25 years. Mr. Clegg joined Microsoft in 1991 and ran the Canadian subsidiary for the next 5 years. During this time he introduced several key initiatives in the organization and won the prestigious President's Award for outstanding subsidiary performance five out of six years. In 1996, Mr. Clegg was appointed Vice President Central U.S. and Canada Region, with responsibility for sales, marketing and consulting services in 18 U.S. states and Canada.

Prior to joining Microsoft, Mr. Clegg spent several years with a leading international computer company in senior marketing and sales positions. Mr. Clegg holds an Honors Degree in Mathematics. He is co-chair of the Canadian National Institute for the Blind's national capital campaign.

Ken Nickerson is the founder of iBinary Corp., a private technology research and investment firm. Mr. Nickerson "angels" a number of early stage technology companies. He is presently the CEO of OpenCOLA and recently completed investing and operating as CTO of BioSign Inc., a private bio-technology company developing non-invasive medical technologies.

Mr. Nickerson previously acted as General Manager of the Microsoft Network (MSN) in Canada, a wholly owned subsidiary of Microsoft Corporation, and was responsible for all e-commerce and consumer activities in Canada (1991 - 2000).

Prior to joining Microsoft in 1991, Mr. Nickerson worked in software engineering for several banking and insurance concerns and was Vice President of Technology Development for Rogers Communications Inc. Mr. Nickerson is a member of the Institute of Electrical and Electronic Engineers (IEEE) and the Association of Computer Machinery.

"We are extremely fortunate to have experienced leaders like Mr. DiBona, Mr. Clegg and Mr. Nickerson not only as investors but also to advise us during our go-to-market phase," said Evan Chrapko, President and CEO of Time Industrial, Inc. "Their combined expertise in strategic planning and analysis and their extensive knowledge in our primary areas of activity will be of immense value to the Time Industrial management team."

About Time Industrial, Inc. (www.TimeIndustrial.com)

Operating twelve years and incorporated eight years ago, Time Industrial delivers the world's only neutral, outsourced contractor management service. The service tracks and controls complex job site costs and progress for large energy and petro-chemical companies. This reduces budget and schedule risks of capital projects (new builds, refinery maintenance, shutdowns, re-powering, outages) especially where multiple contractors or global operations are involved or in settings where transparency and accountability are demanded. As a neutral third party, Time Industrial also significantly increases the ROI of other technology already employed by all the project stakeholders, such as back-office ERP systems, in-house job costing tools, and H.R./payroll management systems.

The Time Industrial business methods and the technology driving its service are patent pending. Time Industrial is a privately owned, venture-backed company with offices in the United States and Canada.