Two Step Software Announces New Features that Simplify Equity Management and FAS 123R Reporting

Latest release streamlines stock certificate printing and volatility calculations for peer companies.

Needham, MA – Sept. 28, 2009 — Two Step Software, Inc., a leader in equity management and online minute book solutions, offers CFOs and lawyers faster stock option administration and document production with the latest release of its browser-based, hosted equity management and compliance system. Version 6.2 provides new features that continue to simplify comprehensive ownership management and FAS 123R reporting.

“Given today’s business climate, legal and finance staffs are operating with fewer people and that means they need to more productive than ever when it comes to equity management or FAS 123R reporting,” explains Gary D. Levine, President and CEO of Two Step Software. “Year-end reporting is just around the corner. Every time a spreadsheet or manual calculation is converted to an automated process in our system, CFOs and attorneys save countless hours and improve their results.”

The new equity management features in Version 6.2 make stock plan administration, FAS 123R compliance, and year-end reporting even faster and easier. For stock plan administration, the new release offers a more streamlined approach to tracking complex vesting schedules. With respect to FAS 123R reporting, Version 6.2 features live daily updates of peer group stock closing prices which are used for calculating volatility. It also includes daily updates from the Federal Reserve website for interest rate calculations. Using the system’s centralized data, users and auditors are able to create detailed reports providing the critical backup details on how each value is generated.

The latest release of the system also improves the stock certificate printing process by enabling two-sided printing. Users can now print the certificate design onto blank paper along with the stockholder data, eliminating the need to purchase pre-printed forms from legal stationary stores. In addition, the software offers a document export feature that can significantly reduce the time spent producing copies of minute book and other legal documents in connection with a due diligence request.

Version 6.2 includes a number of other technical improvements that enhance productivity for CFOs and attorneys, such as expedited search-by-name functionality and support for Internet Explorer 8. The new release is available now for all customers. More information can be found on the customer support section of the Two Step Software website.

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About Corporate Focus. Corporate Focus is the leading cloud-based equity administration, accounting and compliance system for privately-held, emerging growth companies. Since 1995, Corporate Focus has helped finance and legal professionals take control of their equity challenges by delivering faster and more accurate results, reducing compliance risk, and sharing information more easily. By replacing multiple, error-prone spreadsheets with a centralized, automated and secure equity reporting system, growing companies save time and money as they manage increasing levels of complexity. No matter the equity event faced, Corporate Focus is backed by an experienced and knowledgeable support team who helps our customers navigate through every stage of the business life cycle, from start-up to exit. For more information, visit: www.corporatefocus.com.

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