Two-Step Software Delivers the First Complete On-Line Minute Book Solution for Corporate Attorneys New Corporate Governance Rules Drive Need For Instant Information Access

Two-Step Software announces the release of Corporate Focus Version 4.1 that tracks corporate minute book documents on-line, as well as general corporate and ownership information. The new version of this industry standard application makes it possible to instantly view important corporate documents on-line, including charters and by-laws, board and stockholder minutes and consents, stock certificates, option agreements, corporate filings, annual reports and even key contracts and agreements.

Waltham, MA - Two-Step Software announces the release of Corporate Focus Version 4.1 that tracks corporate minute book documents on-line, as well as general corporate and ownership information. The new version of this industry standard application makes it possible to instantly view important corporate documents on-line, including charters and by-laws, board and stockholder minutes and consents, stock certificates, option agreements, corporate filings, annual reports and even key contracts and agreements. Furthermore, the ability to track directors and committee members makes it possible to quickly determine the level of independence on boards of directors and board committees, an important part of the recently enacted corporate governance rules.

Corporate Focus is already a standard at the nations largest law firms and with in-house counsel for tracking entity and ownership information, as well as for printing standard reports such as company summary data sheets, lists of officers and directors, stock ledgers and stock option reports. Corporate Focus also makes it easy to print consents of stockholders and directors and provides the most advanced stock certificate printing solution available, printing to a broad array of stock certificate and LLC certificate forms. For stock options, the product tracks the details of each option grant and the associated vesting schedules. The product can then create fully diluted capitalization tables and corporate organization charts at the click of a button. Multiple wizards also make it easy to perform many complex and repetitive tasks automatically, including stock transfers and stock option exercises.

With the release of Version 4.1, Corporate Focus adds the capability to index and instantly access scanned copies of final and signed minute book documents, corporate filings, and key agreements. Use of the product eliminates the need to dedicate precious office space to the storage of minute books, as these documents can now be stored electronically and paper copies of the materials can be safely stored offsite. The new system also eliminates the need to track down paper documents that have been misplaced or temporarily borrowed from the records room. Everything is on-line and immediately available. Law firms plan on using the capability to share minute book information within their firm more easily, as well as with their clients via client extranets. This type of solution is thought to be vastly superior to the practice of creating duplicate minute books and will save both attorneys and their clients precious time previously spent faxing or emailing copies of minute book documents.

"As a person who practiced corporate law for many years at a law firm and then at a software company, I understand the critical need to be able to view original signed documents," said Gary D. Levine, President of Two-Step Software, Inc. "The latest release of Corporate Focus is a major advance in corporate legal practice since attorneys finally have available on-line the actual language of the charter, the by-laws or the minutes of every board meeting. They no longer have to wait for someone else to find the minute book or rely on second hand materials. Finally, using only a web browser, anyone who can log in to their secure network can share the same original minute books, final signed agreements and previous filings without making copies."

Law firms and companies are also using the product's capability to track a diverse set of information in their effort to ensure compliance with the recently enacted corporate governance rules. For example, when information is tracked in Corporate Focus, it is possible to quickly determine the various boards an individual sits on, whether each director is independent, and stock and option ownership.

Corporate Focus Version 4.1 and the web browser module, Corporate Focus Connect Version 2.1, are available immediately. A list of the new features is available for customers on the technical support web site. Existing customers may order the Version 4.1 upgrade free of charge as long as they are enrolled in the Two-Step Software annual maintenance plan. Law firms and corporations interested in acquiring a new license for Corporate Focus or to add Corporate Focus Connect to their current license should contact the Two-Step Software sales department at: 800-252-2454 or info@twostep.com.

About Two-Step Software

Two-Step Software, Inc. develops, markets and supports Corporate Focus, the industry standard corporate minute book and ownership tracking software application used by the nations leading law firms and in-house counsel. Corporate Focus is the only software application that tracks general corporate, stockholder and stock option information and scanned copies of minute book documents in a single integrated application. Today, over 500 customers, representing nearly 100,000 business entities, depend on Corporate Focus. Two-Step Software is located in Waltham, Massachusetts. For more information, visit their web site at www.twostep.com or call 800-252-2454.