Calgary, Alberta, Canada – (November 8, 2002) – Replicon (replicon.wpengine.com), the world leader in Web-based timesheet management and productivity software, announced today that Fiscal Q3 2002 has been another record-breaker. Replicon improved on their Fiscal Q2 2002 record with a 20 percent increase this quarter and profitability of 32%. Revenues increased 87 percent over the same period last year, denoting a consistently strong market position.

Replicon won key new customers for its Web TimeSheet product this quarter, including Wanadoo Services, Covansys, Kalmbach Publishing Co., N2 Broadband, Publix Supermarkets, and Valley Telephone Cooperative.

“Replicon continues to succeed in a hostile business climate, thanks to Web TimeSheet’s user-friendliness, flexibility, and quick implementation. Web TimeSheet is typically operational in less than three business days, meaning that our clients see results fast,” says John Eddy, CEO of Replicon Corporation. “Our consecutive quarterly profit achievements strengthen our position as market leader, allowing us to forge ahead with new product innovations and bring even greater value to our clients.”

Replicon’s Web TimeSheet software is available for demo and purchase at replicon.wpengine.com