Press Release

PVBS Announces Government Contractor ICRC Purchases Microsoft Solution for Project Accounting and Financial Management

Alaska Native firm to utilize Dynamics NAV solution to Provide Better Reporting to Program Managers Nationwide

Fairfax, VA (March 15, 2005) – Pleasant Valley Business Solutions (PVBS), Microsoft’s leading provider of government contractor financial management and project accounting solutions, announced that Alaska Native Government Contractor, Integrated Concepts & Research Corporation, has chosen the company’s Microsoft Dynamics NAV solution for its Project Accounting and Financial Management system.

Carl Williams, Chief Operating Officer (COO) at ICRC said he wanted a project accounting and financial management system that offered more than basic accounting functionality. He wanted a project accounting solution that made the company’s Program Managers more effective and positioned to manage their growing contract base more efficiently.

“In today’s business world of selling labor-related services, you can no longer have silos where systems don’t talk to each other, and not just in a software sense, but also process wise. Accounting must talk to Operations, etc.,” said Williams. “The system must allow improved financial management of the company. It’s important for companies like ours to have a financial management system that supports multiple sites and programs.”

Williams continued, “There’s a tremendous amount of power when someone wants to know how much we are spending on a project and they can see it in real time. In the past, Program Managers would have to email or call an accounting clerk and ask for a project status report which might take days or sometimes weeks to be fulfilled. With our new system, we could now give Program Managers the power to see where their projects were at any given time from anywhere in the world.”

Integrated Concepts & Research Corporation (ICRC), a subsidiary of Koniag Development Corporation, is a diversified technical and management services company that serves the government market. The company’s core industry expertise lies in information technology, advanced vehicle technology, aerospace, engineering and transportation infrastructure. ICRC has a proven track record of providing its clients with end-to-end solutions, encompassing project management, research, testing, analysis, purchasing and implementation. Current and recent ICRC projects include:

Providing enterprise IT solutions and services to the U.S. Army Corps of Engineers
Delivering comprehensive assistive technology solutions for disabled employees at the Social Security Administration
Managing advanced vehicle research and development projects for the U.S. Army, including the Army’s SmarTruck™ program
Overseeing a Department of Energy effort to produce, test and evaluate alternative clean burning diesel fuels
Operating materials and component testing facilities for NASA
Managing transportation infrastructure development at the Port of Anchorage

PVBS offers the Microsoft alternative for government contractor financial management and project accounting. High-growth government contractors have come to find that Microsoft offers a more flexible and feature-rich project accounting and financial management solution than what’s been available to them in the past. Only PVBS offers a Microsoft solution that was created specifically for high-growth government contractors, to help these companies better manage and optimize their business.

The solution, based on Microsoft’s extremely flexible and feature-rich Dynamics NAV, goes way beyond what’s presently available to government contractors, featuring a completely integrated project accounting set of tools as well. Built-in analytics and reporting services, online as well, add to the robustness of the system.

Bernard Mustafa, Chief Executive Officer of PVBS said, “ICRC is the ideal customer for our solution. Their need to empower program managers in the field with access to critical real time data fits the ideal requirement for our solution.

About Pleasant Valley Business Solutions (PVBS)

Pleasant Valley Business Solutions (PVBS), a “Microsoft Business Solutions President’s Club Member 2007,” offers the Microsoft alternative for government contractor ERP, financial management and project accounting. Microsoft offers a better project accounting and financial management solution than what’s been available in the past to high-growth government contractors. Only PVBS offers a Microsoft Dynamics NAV solution that was created specifically for high-growth government contractors, to help these companies better manage and maximize their Federal Government business. PVBS is based in Reston, VA. Visit PVBS at www.pvbs.net.