CorasWorks® Announces Product Release Schedule for Microsoft Office SharePoint 2007 and SharePoint 2003

Business Wire, May 11, 2006

RESTON, Va. -- CorasWorks Corporation, the leading provider of workplace application software on the Microsoft(R) SharePoint(R) collaboration platform, today announced its product release schedule for continued support for SharePoint 2003 and the upcoming next generation platform - Microsoft Office SharePoint 2007.

Released in the fall of 2003, SharePoint 2003 represents the current generation of the SharePoint platform which includes Windows SharePoint Services 2003 and SharePoint Portal Server 2003. Since the launch of SharePoint 2003, CorasWorks has had 7 major releases of its flagship product - the CorasWorks Workplace Suite(TM) offering a complete system to design, create, and manage a workplace of inter-connected business applications without requiring custom programming.

Microsoft's next generation collaboration platform of Windows SharePoint Services 2007 and Microsoft Office SharePoint Server 2007 (MOSS 2007), are due to be released by the end of 2006. With more than 600 customers in 23 countries and 400,000 deployed CorasWorks users currently on the 2003 platform, CorasWorks plans to continue innovation on the 2003 platform throughout the next year while releasing a clear roadmap for its customers to migrate to and leverage the next generation platform.

"Our investments to leverage the new capabilities of the Office SharePoint 2007 platform will provide CorasWorks customers' with a whole new level of business application functionality that rivals leading commercial-off-the-shelf (COTS) applications that are not on the platform. By continuing to innovate for the 2003 platform and announcing our support schedule for SharePoint 2007, our customers can be assured of consistent delivery of new business value to their workplaces, today, tomorrow and into the SharePoint 2007 era," said William Rogers, CEO of CorasWorks.

CorasWorks Product Release Schedule through Spring 2007

    Timeline           SharePoint v2        MOSS 2007 (SharePoint v3)
---------------- -------------------------- --------------------------
  Spring 2006                               -- Announcement of the
                                               core new features of
                                               the CorasWorks
                                               Workplace for WSS
                                               2007/Office SharePoint
                                               2007 at the Microsoft
                                               SharePoint Conference
                                               May 15-18

                                            -- Showroom Launch
                                               showing the CorasWorks
                                               Workplace Suite and
                                               business applications
                                               on the new Office 2007
                                               platform (coinciding
                                               with public Beta 2 of
                                               MOSS2007).
---------------- -------------------------- --------------------------
  Summer 2006    -- Summer '06  Release of
                    the CorasWorks
                    Workplace Suite for
                    SharePoint v2
---------------- -------------------------- --------------------------
   Fall 2006                                -- Customer/Partner Beta
                                               Release of Workplace
                                               Suite on Office 2007
---------------- -------------------------- --------------------------
Winter 2006/2007 -- Winter '07  Release of  -- Release of Workplace
                    the CorasWorks             Suite for Office 2007
                    Workplace Suite for        (coinciding with
                    SharePoint v2              Microsoft commercial
                                               customer release of WSS
                                               2007/MOSS 2007)
---------------- -------------------------- --------------------------
  Spring 2007                               -- Second release of
                                               Workplace Suite on
                                               Office 2007 - Spring
                                               '07
---------------- -------------------------- --------------------------

About CorasWorks

CorasWorks(R) Corporation is the leading provider of workplace application software on the Microsoft(R) SharePoint(R) collaboration platform and a Microsoft Gold Certified Partner. The CorasWorks Workplace Suite is being used in hundreds of enterprise, corporate, non-profit, and government organizations in more than 20 countries around the world to build powerful and flexible integrated business workplaces, without custom development. The CorasWorks Partner Program now has more than 70 partners certified to assist customers in implementing, designing, and building their workplaces on SharePoint. For more information, visit www.corasworks.net.