Methodware reports record year-end results Aug 15 2006

Methodware, a privately held provider of operational risk management and internal audit solutions is pleased to announce record financial results for the year ending June 30th 2006.

• Global revenues and profits increased significantly in all geographies
• 9 new distributors were appointed in North America and Europe
• In addition to the installed customer base, sales were made to more than 100 new customers
• Methodware's ERA product has been independently named as the worlds most widely installed Operational Risk Management software solution

The Chief Executive Dr Chris Moxon commented:

"By any measure, this has been Methodware's best year. Our large installed base of reference accounts differentiates us from our competitors. The market for our products is growing and we are well positioned to increase our market share. "