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Flagship Technologies, Inc. -- August 14, 2002 -- For immediate release.

ManagePLUS for QuickBooks™ product update status...

MADISON, MO -- The purpose of this news release is to clarify current plans for updating Flagship Technologies' leading software product, ManagePLUS™ for QuickBooks, a farm accounting add-on for Intuit's QuickBooks accounting software. Information in this release supplements and supercedes information provided in another release earlier this year.

According to company president Mark Wilsdorf, planned updates in the ManagePLUS for QuickBooks™ program are "on hold" due to unique circumstances in the QuickBooks-related software development landscape.

"We wanted to release a major ManagePLUS update before the end of 2002." said Wilsdorf. "However, the first release of Intuit's Software Development Kit (SDK) for QuickBooks, in the fall of 2001, proved insufficient for the job. It did not provide the access to QuickBooks data which ManagePLUS requires. Features announced for the next release of the SDK suggest that it will support the kinds of QuickBooks access we need for rewriting ManagePLUS, but it won't be available until very late in 2002. This means we cannot begin work on upgrading ManagePLUS until early 2003, at the earliest, and that a new version of ManagePLUS won't be available before fall of 2003, possibly even later."

Wilsdorf continued, "All we can do at this point is apologize to ManagePLUS customers who are upgrading to new versions of QuickBooks or of Microsoft Windows, such as Windows 2000 and Windows XP--neither of which is compatible with the current version of ManagePLUS. Some customers will ask why we don't go ahead with upgrading ManagePLUS right now, but it simply would not be economically feasible. Any update written today would have to be scrapped within a year--a wasted investment. No, the 'new' way to connect with QuickBooks data now and in the future will be to use the SDK. We're simply waiting for an SDK release that is robust enough to support the data access requirements of ManagePLUS. And we're not alone in this, by any means. Many other QuickBooks developers have also had to put their plans on hold, waiting for features they need to be added to the SDK."

Finally, Wilsdorf added, "Our customers may wonder what else we've been working on, since we've not devoted much development staff time to ManagePLUS. I cannot provide any details right now, other than to say we're working on another QuickBooks add-on and that it will be of use to both agricultural QuickBooks users and to non-ag small business."

ManagePLUS for QuickBooks™ will continue to be available for QuickBooks and QuickBooks Pro versions 5, 6, 99, 2000, and 2001, until it is updated or rewritten to accommodate the newest QuickBooks releases.

About Flagship Technologies

Flagship Technologies, Inc., is located at Madison, Missouri. The company's primary focus is on developing and marketing agricultural software products, including ManagePLUS for QuickBooks™ and ManagePLUS for Quicken™, farm accounting add-ons for QuickBooks and Quicken, as well as other software products and training materials. The company can be contacted by these means:

Postal address: Flagship Technologies, Inc.
14976 Monroe Rd. 1039
Madison, MO 65263
World Wide Web: http://www.goflagship.com
Email: sales@goflagship.com (sales information)
(other information)
(technical support)
Telephone: 660-291-3000 (sales and order questions only)

ManagePLUS is a trademark of Flagship Technologies, Inc. QuickBooks and Quicken are registered trademarks of Intuit.

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