Press Release

PVBS Launches Microsoft Navision for Government Contractors

Major Solution Introduction Poses Threat to Older, Less Intuitive Project Accounting and Financial Management Solutions

Fairfax, VA (May 23, 2004) – Pleasant Valley Business Solutions (PVBS), Microsoft’s leading provider of government contractor financial management and project accounting solutions, announced the general availability of their Microsoft alternative for government contractor project accounting and financial management. Microsoft Navision for Government Contractors from PVBS is now available to government contractors. It is the first and only Navision solution on the market specifically for companies that provide services or sell products to the Federal Government.

“Microsoft offers a better solution than what’s been available in the past to high-growth government contractors for project accounting and financial management, particularly with the solution we’ve developed around Navision,” said Bernard Mustafa, Chief Executive Officer at PVBS. “PVBS offers a project accounting and financial management solution for high-growth mid-sized companies that help these companies better manage and maximize their government contracts.”

Carl Sweetnam, now CFO at a mid-sized government contractor, was a systems consultant with an accounting firm that services government contractors when he recommended that his client acquire the PVBS solution. “We were looking for the Microsoft alternative to Deltek, which frequently is the default solution for contractors. The PVBS solution does real-time reporting extremely well. Many places outside of Washington DC don’t have experienced Deltek consultants. Most people are familiar with the Windows/MS look and feel so training is more intuitive and easier to do.”

Richard Boden, President and CEO of The Boden Group LLC and a chief financial officer in the DC metro area, was very impressed by the system when he first saw it. “It’s a mini enterprise resource planning solution for government contractors with revenues between $15 million and $500 million. Unlike competing products, it’s fully integrated with billing, payables, and everything else all done with in the system. The report services are particularly exceptional.” Boden said that the report processes were a critical part of the system’s success. “Being able to email reports to vice presidents or division heads is great. Vice presidents and other project managers can go online and see how they’re doing before reports officially come out from accounting.”

Mustafa said, “Many of our new customers, specifically high-growth government contractors, have been extremely appreciative for our Microsoft alternative as compared to the older, less intuitive and less integrated solutions that had been available to them in the past. Most of our new customers are general service, IT service, and security service providers contracted to Defense, Civilian and Intelligence agencies who require a project accounting and financial management solution that will support DCAA audits.”

The solution features components for Project Management, Financial Management, Manufacturing, Distribution, Sales, and others. It includes reporting services and business analytics, all contained within the application so that users can perform their entire workflow without leaving the application.

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 PBVS at www.pvbs.net.