Released on = August 7, 2006, 3:33 am

Press Release Author = Maximus Ltd.

Industry = Software

Press Release Summary = Automate time and expenses tracking! Generate reports on any
aspect of a project

Press Release Body = Innovative Time and Expenses Tracking Solution for Microsoft
Outlook released August 1, 2006.

August 1, 2006 Maximus Software announced version 2.6 of its all-inclusive time and
expenses tracking solution allowing Microsoft Outlook users track work time and
associated expenses. Maximus Software TimeMeter allows for systematizing current
projects, timelines, hourly rates and employees' assignments basing on live time and
expenses tracking model that enables automatic calculation of HR costs involved. The
application allows generating comprehensive reports on any aspect of personnel
management including time budget and financial reports on any current or past
project. TimeMeter makes calculating expenses and fees easy both for the employer
and the employees working on pay-per-time basis.

TimeMeter is intended for a broad range of freelance workers, hired staff and HR
managers who need accurate time, work efficiency and expenses tracking in real time
within the commonly used Microsoft Outlook environment. The application allows
creating a project, assigning employees to various activities required to complete
it, setting hourly rates and even specifying time overdue multiplier. With all the
required information entered and application configured, it takes only a couple of
clicks to start tracking work time and calculating expenses. At any time, project
manager or the employee working on pay-per-time basis can generate a variety of
comprehensive reports on any aspect of the current job. Corporate TimeMeter users
report 15 to 30 per cent decrease of operational costs on HR management, while
freelance specialists report even higher time and money economy due to automation of
fee calculation process.

"As we have studied the existing time and expenses tracking solutions we found
almost no software offers live time tracking end expenses calculation integrated
with ever popular Microsoft Outlook environment," - said Denis Sergeev, the CEO of
Maximus Software. "When developing TimeMeter, we strived to bring the latest
technologies together to form up a complete time and expenses tracking solution that
is both powerful and easy to use as any other part of Microsoft Outlook!"

According to Mr. Sergeev, "Maximus Software did its very best to come up with
software package that has all it takes to manage human resources, timelines,
projects and associated costs effectively!"

About Maximus Software
Founded in 2002, Maximus Software specializes in developing complete time tracking
and time management software solutions for small to medium businesses. The Company
co-operates with industry leaders to keep bringing the latest available technologies
to its customers. Maximus Software manifests its goal as "utilizing the most
effective solutions and technologies for the good of customers without charging
extra money!"

For more information, contact Maximus Software at:
E-mail: press@timemeter.com
Product web site: http://www.timemeter.com

Web Site = http://www.timemeter.com/index.shtml

Contact Details = Address: Komsomolsky av., Chelyabinsk
Russia

Phone Number: +7 905 5019112
Email: adv@timemeter.com