Replicon Announces Record Results for Fiscal Q2 2002

Calgary, Alberta, Canada – August 19, 2002 – Replicon (replicon.wpengine.com), the world leader in Web-based timesheet management and productivity software, announced today that they have experienced their highest ever quarterly revenue in Fiscal Q2 2002. Despite overall weak market conditions, Replicon continues strong momentum with their highest quarterly revenue, up 45 percent from the previous quarter. Revenues for the period grew by 73 percent over the same period last year.

Replicon won key new customers for its Web TimeSheet product this quarter including, ADP and Human Genome Sciences, Inc. The company also received orders from several existing customers for additional licenses like Volunteers of America and Golder Associates.

“Inspite of challenging economic conditions in the software market Replicon has had an outstanding quarter and we are continuing to see strong momentum for our Web TimeSheet product. Our focus on providing customers immediate productivity and ROI gains through quick implementation (typically 2-3 business days) and simple to use and administer solution is benefiting both our customers and Replicon,” said John Eddy, CEO of Replicon Corporation. Replicon is not only well positioned to achieve revenue and profitability goals but is also positioned for expansion and long-term growth as we enhance product offerings, forge strategic alliances and exceed customer expectations."

Replicon’s Web TimeSheet software is available for purchase and easy downloading at Replicon’s Web site at https://www.replicon.com.

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