AuditWare Development Company, Inc.

Since 1989, we have been providing software to auditors of Texas school districts. Last year, more than one of every three school district audit reports in Texas was produced with Audit I.S.D .for Texas School Districts, our initial product. On February 15, 1999, we shipped our second major product, AuditWare for Local Governments, which provides the same time-saving features to auditors of cities, counties, appraisal districts and other local governments. This product may be used in any state. In 2000, we introduced AuditWare for California School Districts. In 2002, approximately 20% of the California school district audit reports were created with AuditWare.