Corporate Management Solutions, Inc., Introduces the First Real-time Global Corporate Records Software for the Office of the Corporate Secretary.

SHELTON, Conn.--(BUSINESS WIRE)--Oct. 28, 1999--

Corporate Management Solutions, Inc. (CMS), the leading provider of equity compensation and corporate records management software, announced today the release of World Records(TM), the first corporate records solution to provide real-time global management of subsidiaries and other corporate entities. Designed for the Office of the Corporate Secretary, World Records is an intranet-based application that manages all matters related to corporate governance, such as director/officer information, shareholder issues and subsidiary, jurisdictional and regulatory matters.

Nowhere is the immediate and accurate transmission of corporate record information more important than in a global enterprise, where geography, language and time zones separate corporate entities from each other. World Records brings immediacy and accuracy to global corporate record keeping by providing a centralized database where corporate legal information can be entered and instantly accessible. Another important advantage of a centralized database is that information need be entered only once, thereby eliminating the inaccuracies caused by duplicate efforts. Once information is entered, it is immediately available for access anywhere in the world. World Records is uniquely suited to the needs of the global enterprise, where vital corporate structures are constantly changing, because it offers an accurate real-time solution.

According to Tom Racicot, product manager at CMS, "Historically, global companies couldn't manage the problems caused by decentralized information, untimely document transmission, different cultures, time zones and languages. World Records allows corporate secretaries a level of communication and information distribution that is far superior than with any other available product."

For optimum organization, World Records categorizes corporate information by person, company and jurisdiction. "Person" contains all pertinent information about directors and officers. "Company" holds data on holding companies, entities, subsidiaries or committees. "Jurisdiction" contains information related to a company's registration or subsidiaries.

World Records offers comprehensive corporate record-tracking functionality that will: -- Organize and access historical company and subsidiary information -- Maintain detailed director/officer information in one centralized

database -- Track information from bylaws, such as board or shareholder

details -- Schedule reminders for filings and board meetings with an

integrated calendar -- Produce corporate documents, such as Incumbency Certificates, in

corporate format -- Store information to aid in the creation of the proxy report -- Search bylaws and minutes for historical information

Key product features of World Records also include: Dateliner: This "reminder" system alerts a user to dates of important

events Report Filter: When running reports, users can filter companies based

on search criteria JetStart: Saves time by allowing a user to add large quantities of

information to the database Global Updater: Changes to data can be made globally with a single

entry

World Records, a 32-bit client/server application, runs in the Windows 95, 98 or NT environment and runs on an Oracle or Sybase SQL Anywhere database. For intranet access, Microsoft Internet Explorer 4.0 or Netscape 4.06 is required. For more information, visit the CMS Web site at www.cmsoptions.com or call 1-888-340-4CMS.

About CMS

Corporate Management Solutions, Inc. (CMS) is the premier independent provider of equity compensation and corporate records management software solutions. CMS' software and services are designed to promote more effective management and communication of information to optionees, directors and subsidiaries through state-of-the-art technology. Today, over 2,500 customers worldwide, including 40 percent of the Fortune 500 companies, rely on CMS' client/server solutions, industry expertise and knowledge of equity-based compensation to assist in their efforts to motivate, attract and retain employees. Corporate Management Solutions is headquartered in Shelton, Connecticut, and maintains a West Coast headquarters in San Ramon, California.