SOLUTION 6 LAUNCHES NEW SOFTWARE TARGETED AT MID-SIZE PROFESSIONAL FIRMS - Solution 6 Taps Into A$350 Million Global Market - Sydney, 12 August 1999/MediaNet International-AsiaNet/-- Solution 6 Holdings Ltd (ASX: SOH), the world's leading supplier of business systems to the accounting profession, today launched "Regional Practice", its new practice management software aimed at mid-size professional firms. Regional Practice is designed to automate timekeeping, invoicing and debtor control in accounting, consulting and service firms with 300 to 3,000 employees. Solution 6 estimates that the global practice management software market for mid-size firms is worth approximately A$350 million. The company is aiming to capture a significant proportion of this market. "Regional Practice's functionality and easy implementation means that mid-size professional firms now have access to advanced Practice Management capabilities, without the overhead of a large and costly Information Technology department to maintain it," said Martin Greenlees, general manager global practice management, Solution 6. Regional Practice fills the niche between Global Practice (CABS2000) which is used by many of the world's Big 5 accounting firms, and Solution 6's entry level practice management system, Professional Practice (PMA). Regional Practice is designed to automate administration in many areas including: -employees entering their time and expenses; -partners managing clients and raising bills; and -credit controllers managing the firm's debtors. Return On Investment Regional Practice provides mid-size firms with a significant return on investment. There are several areas in which firms are likely to see payback including: -an overall reduction of IT costs through the elimination of legacy systems and the resulting savings on maintenance and integration expenses; -improved cash management through reduced WIP and increased billings, and -a reduction in non-income producing administration. Solution 6 is the world's leading supplier of business systems to the accounting profession. The company currently holds the largest market share in Australia, New Zealand, South Africa and the UK in the practice management, client accounting and taxation markets and it also has a strong presence in the US and Continental Europe. Additional information is available at www.solution6.com For further information contact Jane Trevor, Howorth Communications 61 2 9948 7443 or [email protected] Issued by Howorth Comunications on behalf of Solution 6 Howorth Communications Pty Limited (PO Box 522 Balgowlah NSW 2093) Office 1, 214-216 Condamine Street Manly Vale NSW 2093 Tel: +61 2 9948 7443 Fax: +61 2 9948 7554