NEWS RELEASE

DALLAS, Texas, USA (February 19, 2009) – Lookout Software, LLC, a global leader in business productivity software application development, announces the release of Office Timesheets Version 3.0, a major upgrade to its employee timesheet and reporting software application. This upgrade includes many user-requested features that aim to help businesses accurately track employee time, spending, billing and more.

New features include a new audit report, several new timesheet reports, electronic signatures, the ability to synchronize sub-items for services and time entries that have references for such sub-items, an upgrade installer, a QuickBooks® Link upgrade installer and more.

“For more than four years, we have been offering Office Timesheets to businesses around the globe looking for a robust employee time tracking and reporting solution that integrates seamlessly with QuickBooks and Microsoft® Project™,” said Kevin Taggart, President and Co-Founder of Lookout Software. “Each upgrade is designed to significantly and positively impact the user experience, and I believe we attained this once again with Version 3.”

The Office Timesheets web-based employee time tracking software application offers innovative features like a web-based Microsoft-Office style user interface; multi-step timesheet approval processes; multiple rates for costing, billing, budgeting, etc.; detailed security policies by user type; two-way integration with QuickBooks Professional and Microsoft Project; and the ability to customize the application for practically any organization’s time tracking needs and workflow.

Office Timesheets is offered in two formats to fit any organization’s situation: as a self-installed version for businesses with dedicated server space; or as a hosted version, which is supported by secure servers that are monitored 24 hours a day with comprehensive security.

To install and use Office Timesheets in your environment, you must have Microsoft Internet Information Server (IIS) installed with ASP.NET 2.0 or higher. Organizations that do not meet these requirements but do have a high-speed internet connection are encouraged to try the Office Timesheet On Demand Version 30 days for free, without credit card information required. The cost of the Office Timesheets On Demand Service after the 30-day trial period is $9.95 per user per month, and requires no installation.

To try Office Timesheets and register for 10 free users, visit the Office Timesheets website at www.officetimesheets.com.

Lookout Software was established in 2003 and since that time has acquired a licensed user base of over 10,000 companies, and over 100,000 end-users using its software products worldwide. Lookout Software also develops the award-winning Microsoft Outlook add-in, OfficeCalendar, an easy-to-use productivity application that allows users to share Outlook calendar, contact and tasks information with colleagues without Microsoft Exchange Server. For more information on OfficeCalendar, please visit www.officecalendar.com.

James Bone, VP Marketing
Lookout Software, LLC.
866-847-7512
www.lookoutsoftware.com