Computer Language Research Releases the Complete Fixed Asset Solution for Corporations.

CARROLLTON, Texas--(BUSINESS WIRE)--July 11, 1996--Computer Language Research, Inc. (NASDAQ/NM: CLRI), today announced the release of InSource CS - Fixed Asset Management System (FAMS), the newest member of its InSource suite of Windows client/server-based software for corporations.

It is designed to provide businesses with a long-needed solution: a single, comprehensive system that automates fixed asset management for both financial and tax purposes.

InSource CS - FAMS puts into a single package the most-requested features and capabilities.

- Automates journal entries

- Mass asset transfers

- Tracks all asset information (maintenance, asset components,

and more)

- Provides all tax calculations (Forms 4562, 4626)

- Creates ACE, AMT and E&P books automatically

- Performs gain/loss calculations Form 4797

- Maintains all book/tax basis differences

- Facilitates "what if's"

- Provides flexibility to analyze data at multiple levels

- Allows budget data to be easily updated

Fixed Asset Management in a Client/Server Environment 

Many companies have in the last one to three years begun implementation of a strategy to migrate to a client/server environment for their business systems. There's good reason for this. Among the benefits of client/server computing in fixed asset management are speed, efficiency, scaleability, productivity, security, portability, and cost-effectiveness. Speed is improved because fewer and smaller transactions move across the network. Efficiency is enhanced because workstations are free to perform other tasks. Scaleability is important because it means your software is not only compatible with your existing environment; it will stay compatible and effective even if your number of assets increases and/or you upgrade to more powerful equipment. Productivity is increased because the high level of automation the system provides means that professionals' time can be spent on high-value functions like planning and exploring "what-if" scenarios. Integrating all tax information into one source also eliminates redundant or low-value tasks, such as constantly importing and exporting data. Security is improved because data is located centrally, making it much easier to back up systems and to define the level of access appropriate for each user. Portability is enabled, allowing users to access the system from remote locations. And finally, cost-effectiveness increases because user workstations do not need to be upgraded as often.

A History of Fixed Asset Experience, A Future of Fixed Asset

Leadership

CLR/Fast-Tax is especially well-positioned to offer such a product. First, our DOS-based System 5 Asset Management System has been successfully used by many companies for years. Then, in December of 1995, CLR acquired the popular DOS-based Fixed Asset Management System (FAMS) and Utility Fixed Asset Management System (UFAMS) from Price Waterhouse LLP. Also, earlier in 1996, CLR acquired substantially all of the assets of Axtell Development Corporation, an Arizona-based developer of popular Windows-based, client/server software for fixed asset management. The system currently available is based primarily on the former Axtell offering. Forthcoming versions of InSource CS - FAMS, however, will combine the strengths of all of these products into a single application. According to Greg Smith, president and co- founder of Axtell, "With CLR's depth of resources and its ability to provide technological and marketing support, we will give the marketplace a product that is unparalleled in it capabilities and in the real, measurable benefits it can provide to the company that uses it."

Computer Language Research, Inc., headquartered in Carrollton, Texas, provides technologically innovative software solutions for accounting, tax compliance, tax management and real estate management. CLR products and services are marketed under the trade names: Fast-Tax, InSource, System 5, ACE, CLR Professional Software, Rent Roll, and Electronic Tax Systems, Inc.

CONTACT: Computer Language Research, Inc.

Peter Feldman, 214/250-7970

or

E-mail: [e-mail]

or

Reader Inquiries: 1-800 FAST-TAX, Ext. 7332