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AssetPoint Announces Financial Results for 2008

GREENVILLE, SC -- (Marketwire) -- 03/23/09 -- AssetPoint (www.assetpoint.com), a leading provider of Plant & Enterprise Maintenance Management software and industry best practices consulting, announced the company achieved record revenue and earnings in 2008. Revenue growth was very strong at 33% above 2007 levels. AssetPoint signed a record number of new clients during 2008 and this pace is continuing into 2009.

AssetPoint's services revenue grew at a phenomenal 95% rate over 2007 largely due to the new AssetPoint Reliability Solutions business unit that was announced during 2008. AssetPoint's Software as a Service (SaaS) hosted solution also grew at a record rate of 25% as clients continued to realize the benefits of using AssetPoint's TabWare OnLine hosted solution which features a low total cost of ownership (TCO), eliminating many of the operating cost items that result from having application software installed onsite.

"The company is benefiting from its continued investment in technology and innovation. TabWare Xi, our new browser-based solution, began shipping in Q4 of 2008 and was quickly accepted by the market. We have an aggressive product plan for 2009 with many new modules quickly coming available to add even more value for our clients. We are seeing encouraging results in early 2009 to continue our record-setting pace," says Eric Miles, CEO of AssetPoint.

"Our direction of continuing investments in our products and technology plus our relationship with Microsoft Corporation as a Microsoft Gold Certified Partner coupled with our passion to continually add value for our clients are clearly the reasons for AssetPoint's on-going growth and expanding client community."

About AssetPoint:

Established in 2002 as a spin-off from a major engineering, construction and maintenance corporation, AssetPoint has a legacy of over 30 years in delivering integrated enterprise asset management / Computerized Maintenance Management (EAM/CMMS) software and services that improve profitability and productivity for the process, manufacturing and facilities industries. Thousands of users manage billions of dollars every day in critical plant and facility assets worldwide using TabWare. The scaleable software solution is delivered as an onsite option, as a Software as a Service option, or as a fully secure, web-based solution. For more information see http://www.assetpoint.com.

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Michael Stone
AssetPoint LLC

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