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Flagship Technologies, Inc. -- June 1, 2003 -- For immediate release.

Flagship Technologies suspends sales of ManagePLUS for QuickBooks™, pending an overall rewrite of the ManagePLUS program

MADISON, MO -- Flagship Technologies, Inc. announced today that it has suspended sales of ManagePLUS for QuickBooks™, the company's farm accounting add-on for Intuit's QuickBooks accounting software, pending a rewrite of the ManagePLUS program.

According to company president Mark Wilsdorf, the planned overall rewrite of the core software in ManagePLUS for QuickBooks™ is on hold indefinitely, for a number of reasons. "We originally planned to release a major ManagePLUS update before the end of 2002." said Wilsdorf. "But the first release of Intuit's Software Development Kit (SDK) for QuickBooks didn't give us access to all of the QuickBooks data we needed for ManagePLUS. Version 2.0 of the QuickBooks SDK is available now, and though it provides the data access we need, the agricultural software landscape has changed in the mean time. Other ag companies are now working on QuickBooks-integrated products--Flagship Technologies has provided consulting services on at least one of these. Our knowledge of what these other companies are planning is reshaping our ideas of what ManagePLUS should be; what features it should offer. This has likewise moved our goal from simply rewriting ManagePLUS with a similar set of features, to expanding the program's capabilities."

Wilsdorf continued, "Since its first release ManagePLUS has primarily been a tool for reporting quantity information stored in QuickBooks transactions, in more meaningful ways than is possible with QuickBooks alone. One of those 'more meaningful ways' has been to report quantity information for QuickBooks Classes, which are the enterprise accounting feature of QuickBooks. While ManagePLUS users have really benefited from having Class quantity reports, that information falls short of calculating true enterprise costs and cost-of-production analysis. We now believe a ManagePLUS rewrite must incorporate more ambitious goals; specifically, we want ManagePLUS to better support detailed enterprise analysis."

"This shift in our goals for ManagePLUS means the rewrite will be more complex and will take longer to complete. But currently our staff is deeply involved in other projects, so the rewrite won't begin right away. In the mean time, the present ManagePLUS for QuickBooks release has been causing us some sales and support problems. The program's complex grid of compatibility limitations--no support for Windows XP or Windows 2000, and support for only certain QuickBooks versions--has been difficult to communicate to potential users. Obviously, those limitations are also curtailing sales."

In summing up, Wilsdorf said, "Rather than continue with the current situation, which was likely to result in a less-than-pleasant experience for some ManagePLUS purchasers, we decided it was best to suspend sales of the current ManagePLUS release. We'd rather forego revenue from ManagePLUS sales for a while than risk damaging the good will ManagePLUS users feel toward this product."

Other Flagship Technologies products, such as The QuickBooks Farm Accounting Cookbook™, will continue to be marketed as they currently are, and through the same marketing channels.

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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