Replicon Inc. Honored on the PROFIT 100 Ranking of Canada’s Fastest-Growing Companies

Calgary, Alberta, Canada – (July 14, 2005) – Replicon Inc., the leading provider of time tracking software, is pleased to announce that it has once again placed on PROFIT magazine's annual ranking of Canada's Fastest Growing Companies.

Ranking Canada's Fastest-Growing Companies by five-year revenue growth, the PROFIT 100 profiles the country's most successful growth companies. Published in the June issue of PROFIT and online at PROFITguide.com, the PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.

"We are honored to be included among such a successful group of entrepreneurs," Stated Raj Narayanaswamy, Replicon's CEO and Co-founder. "Replicon continues to experience such positive growth because we are committed to delivering easy-to-use, web-based products to the market." Earlier this year, the company launched yet another successful, web-based product: Web Resource, a simple, easy-to-use, workforce scheduling solution.

Replicon's ranking of 89th on the PROFIT 100 list is based on a five-year revenue growth of 719%. This is the second consecutive year that Replicon has been named as one of Canada's fastest growing companies. In the past year, Replicon has expanded its total user base to over 1 million, with more than 2000 customers in 52 countries.

"We're happy to welcome the 2005 PROFIT 100 winners to the most prestigious group of entrepreneurial businesses in Canada," says Ian Portsmouth, editor. "Canada's Fastest-Growing Companies are succeeding by knowing what customers really want, then delivering it."

Replicon's Web TimeSheet™ helps organizations manage corporate productivity, streamline time and billing, and increase bottom-line revenues. Replicon's products are available for purchase and easy download at Replicon's web site at https://www.replicon.com/.

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About PROFIT
PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada's fastest-growing companies. Each year PROFIT- which currently reaches more than 400,000 readers nationally—hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada's first national magazine geared to entrepreneurs. Visit PROFITguide.com.