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MANZANITA ACQUIRES HIGH-END ACCOUNTING SOFTWARE

 ROSEVILLE, Calif., June 28 /PRNewswire/ -- Manzanita Software Systems today announced that it has acquired Flexware, an award winning, high-end accounting software program for the Apple(R) Macintosh(R) Personal Computing environment. This addition to Manzanita's critically- acclaimed BusinessWorks accounting software line permits increased diversification in both product line and market reach.
 "This acquisition allows us to grow in two new directions," said Corley Phillips, president and chief executive officer of Manzanita. "First, we can supply accounting solutions for the three major microcomputer operating systems: DOS, Windows, and now Macintosh. And second, we can now offer a customizable accounting product with client/server capabilities, features that aren't part of our BusinessWorks product line. Long term, we plan to make the high-end Flexware technology available across a range of operating systems."
 Manzanita will maintain Flexware's current Lake Tahoe offices as a Flexware development facility. All the current Flexware employees become Manzanita employees and will remain under the direction of Steve Ause, founder of Microfinancial Corp., developer of the Flexware product line.
 "We're excited to be part of Manzanita. It'll be wonderful to see the Flexware product line be developed to its fullest potential," said Ause. "Now we truly have the resources to really exploit the underlying architecture and increase its performance and usability for companies seeking high-end accounting solutions for the Macintosh."
 Current users of Flexware will be supported on technical issues and future version upgrades through Manzanita's Roseville office.
 Flexware is a networkable, modular accounting system consisting of General Ledger, Accounts Payable, Accounts Receivable, Payroll, Inventory, Purchasing, Order Processing, Job Cost, and Point of Sale. Prices range from $695 to $995 per module. In addition, there is an integrated contact manager, the Tracker, available for Flexware.
 Manzanita Software Systems was formed in June 1984 in Roseville. The company's initial products were for the Apple II line of computers. Their flagship product is BusinessWorks, a MS-DOS based accounting software product. A new product, BusinessWorks for Windows, was released in February of this year. Both are for IBM and IBM-compatible computers. BusinessWorks-Apple is also available and is for use on the Apple II line of computers. Each product is a full-featured accounting system that provides General Ledger, Accounts Payable, Accounts Receivable, Payroll, Inventory Control, Order Entry, and Job Cost (for IBM and IBM-compatibles only) accounting systems, plus a System Manager that allows each system component to operate alone or to be fully- integrated with all the other system components.
 Jeffrey E. Gold is chairman and founder of Manzanita. Phillips, president, joined the company in September, 1990.
 -0- 6/28/93
 /CONTACT: Diana Wilson, 800-447-5700 ext. 2209, or Lynn McPherson, 800-447-5700, ext. 2302, both of Manzanita Software Systems/


CO: Manzanita Software System; Microfinancial Corp. ST: California IN: CPR SU: TNM

SG -- SF002 -- 6102 06/28/93 09:01 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
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