CorasWorks Rapid Q2 Growth Propels SharePoint(R) Adoption within Fortune 1000 & Federal Government; CorasWorks Continues Revenue and Customer Growth with More than 90 new Customers Added in 2nd Quarter 2006.

RESTON, Va. -- CorasWorks Corporation, the leading provider of workplace application software on the Microsoft(R) SharePoint(R) collaboration platform, today announced continued strong second quarter revenue and customer growth with more than 90 new customers added in the quarter. With many of these customers representing some of the largest enterprise and government organizations in the world, these results further propel the adoption of Microsoft SharePoint as a platform for Fortune 1000 and federal government organizations to design, create, and manage a workplace of inter-connected business applications, without custom development.

When many organizations first implement SharePoint, most focus on leveraging SharePoint's ad hoc collaboration capabilities to create efficiencies in information access. With CorasWorks, many enterprise and government organizations are discovering they can extend SharePoint from an unstructured foundation for collaboration into a modular business applications platform. Applications just "snap together," helping them dramatically reduce their cost of development. As a result, they create more applications, delivering greater business value on SharePoint, at lower cost and in less time, with reduced maintenance costs.

A Senior IT Manager of a Global Pharmaceutical Company summed it up this way, "We had built an enterprise application on SharePoint primarily with custom development. We then began a second phase for the project. Using the modular components of the CorasWorks Workplace Suite, we were able to accelerate our time to completion by approximately 33%, and get an immediate almost 400% return on our investment in CorasWorks software. The support from CorasWorks was excellent. Their personnel, methodology, and commitment to transferring knowledge to empower our team to be independent were critical to the success of this project and has created a strong foundation for continued business impact in the future."

CorasWorks added 93 new customers in the second quarter of 2006, increasing CorasWorks' total customer base to more than 750 organizations in more than 20 countries around the world. CorasWorks also saw continued growth from its installed base with maintenance renewals, and sales of additional server licenses. Enterprise and government customers acquired in Q2 2006 include Charles Schwab, Sara Lee, Levi Strauss, EDS, ESPN, Safeway, Hartford Insurance, Kingston University, Bank of Montreal, U.S. Department of Defense, U.S. Marine Corps, and the U.S. Department of Justice.

The market adoption and deployment of CorasWorks software has been consistently growing with each new quarter. During Q2, CorasWorks added an additional 140,000 end users, bringing the total number of CorasWorks end-users to approximately 700,000. This rapid growth was due to increased penetration into the corporate enterprise space, expansion into the Federal, State and Local Government markets, and global expansion into Europe and Asia Pacific.

"The customers acquired in Q2 continue to represent the leading companies in the world," said William Rogers, CEO of CorasWorks. "Increasingly, the market is coming to view SharePoint as a primary platform for business applications. With the CorasWorks modular system, they can quickly design, prototype, build, deploy, manage and connect applications - without custom programming. As a result, our customers are benefiting by consolidating existing applications onto a single platform and creating new applications that add tangible business value and that have been sitting on their wish list for years."

About CorasWorks

CorasWorks(R) Corporation is the leading provider of workplace application software on the Microsoft(R) SharePoint(R) collaboration platform and a Microsoft Gold Certified Partner. The CorasWorks Workplace Suite is being used in hundreds of enterprise, corporate, non-profit, and government organizations in more than 20 countries around the world to build powerful and flexible integrated business workplaces, without requiring custom programming. The CorasWorks Partner Program now has more than 70 partners certified to assist customers in implementing, designing, and building their workplaces on SharePoint. For more information, visit www.corasworks.net.