Asset Point revenue growth more than 11 percent

AssetPoint announces financial results for First Quarter of 2006

Greenville, SC – May 22, 2006 – AssetPoint, a leading Enterprise Asset Management (EAM) solution provider, announced that the company achieved a record quarter.  Revenue growth was more than 11 percent above the same quarter in 2005. AssetPoint also signed a record number of new clients during the quarter. 

AssetPoint continues to substantially outperform the overall EAM market which grew at 3% - 4% during 2005.  TabWare license fee growth continues to lead the way with implementation and technical services growing as well.  Hosting services continues to grow as clients realize the benefits from 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 continued acceptance of our TabWare EFX flagship product, better marketing penetration giving us move visibility in the marketplace, and the continued appreciation of our quality services offerings.” says Harrell Waldrop, President of AssetPoint. 

In addition, AssetPoint has launched several new web-based offerings focused on clients needs for effective ability to train users, track equipment downtime and provide open accessibility for work order creation.

Going forward, AssetPoint is expecting overall 2006 results to eclipse 2005 by nearly 20%.

About AssetPoint:

Established in 2002 as a spin-off from a major engineering, construction and maintenance corporation, AssetPoint has a legacy of over 25 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 or as a fully secure, web-based solution.  For more information see www.assetpoint.com