Press Release

PVBS Announces Full Support for Government Contractor Requirements in the New Microsoft Dynamics NAV 5.0

Project Accounting and Financial Management Offering for Government Contractors Takes Advantage of Enhanced Application Functionality in Microsoft’s Latest Release

Reston, VA (March 17, 2007)– Pleasant Valley Business Solutions (PVBS), Microsoft’s leading provider of government contractor ERP, financial management and project accounting solutions, announced that it will completely support the new features of Microsoft Dynamics NAV Version 5, which Microsoft announced today. The company also announced enhancements it has made to its Microsoft Dynamics NAV for Government Contractors that will make it easier for government contractors to support their Federal Government customers.

Microsoft Dynamics NAV 5.0, scheduled to be available in late March 2007, offers compatibility with Windows Vista, deep integration with the 2007 Microsoft Office system and a range of application enhancements including Sales and Purchase Document Approval, Prepayment, Intercompany Purchase Cost Distribution, Inventory Costing, Item Tracking, and Jobs and Service Order Handling.

PVBS offers a DCAA-compliant Dynamics NAV offering for companies that sell products or offer services to the Federal Government. In addition to supporting the new Microsoft offerings, PVBS also introduced new features of its own in this release. PVBS customers, typically high-growth government contractors, will benefit from the following:

Time Entry 5.0, with features including:

Line item approval
Improved screen management for semi monthly and bi-weekly time entry.
Enhanced synchronization features
Enhanced printing with multiple export options

Expense Entry, with features including:

Line item approval
Ability to upload expense receipts
Simplified expense entry screen
New functions including enhanced search, copy and default templates
Redesigned requisition entry screen

Enhanced Reporting capability, with features including:

15 new project reports with charts for easier visibility of project status
Upgrade of all existing reports to add new features and additional options
New web based ad-hoc query writer.
Automatic intelligent security filtering of all reports and ad-hoc queries.

Dynamics NAV 5.0 Client, with features including:

Attach any document to any record
Export any form to Excel or Word
Improved performance

Project Accounting, with features including:

Funding and constraints application on the entire WBS structure
Easily build projects budgets using Microsoft Excel
Convert project budgets into financial budget to do what if analysis
Service contract act capability
New time sheet entry screen for clients that choose not to use the web based time entry system.
Invoice printing enhancements.
Save invoice printing options per project so the system can automatically assign them when printing the project.

Business Analytics, with features including:

New Cubes and Measures to easily create analysis views
Drill down to custom views

Bernard Mustafa, CEO and President at PVBS said, “Microsoft has taken Dynamics NAV to an amazing level with the release of Dynamics NAV 5 and planned additional releases. We think our customers will also be pleased with the enhancements we’ve made to the solution to help them address their challenges and requirements.”

Mustafa also said that he expects that many current customers will upgrade to Dynamics NAV 5.0 in the coming year.

About Pleasant Valley Business Solutions (PVBS)

Pleasant Valley Business Solutions (PVBS), a Microsoft Business Solutions President’s Club Member, 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 PBVS at www.pvbs.net.