Hitec Announce Record Revenues & Strategic Appointment.

Released on = September 23, 2005, 5:31 am

Press Release Author = Hitec Labs

Industry = Computers

Press Release Summary = Langley , Berkshire , UK (September 26th 2005): Hitec Laboratories, the specialist Electronic Document & Compliance Management solutions provider, announced today record revenues for the 04/05 financial year. Revenues grew by almost 17% during the year.

Press Release Body = NEWS RELEASE from Hitec Labs.

Hitec Announce Record Revenues & Strategic Appointment.

Langley , Berkshire , UK (September 26th 2005): Hitec Laboratories, the specialist Electronic Document & Compliance Management solutions provider, announced today record revenues for the 04/05 financial year. Revenues grew by almost 17% during the year.

Hitec also announced the appointment of Tim Bowen as Non Executive Director. Until recently, Tim fulfilled the joint roles of CFO and COO of IDOX PLC, a publicly quoted Information Management company. "I have known Hitec for many years" he commented, "and have been aware of and enthused by their continually expanding Customer base and multi-product offerings. We are looking forward to a fruitful year ahead". During his 5 years service with IDOX, revenues grew to £15m through a combined strategy of strong organic growth in niche markets, combined with relevant strategic acquisitions.

Commenting on the results and the appointment, Hitec CEO Jeremy Crame said "Tim brings with him a wealth of experience, and I look to forward to working alongside him. This appointment, coupled with a far stronger performance in 04/05 positions us well for the new financial year, particularly in regulated markets, where our solutions are being very well received". About Hitec Laboratories

Hitec Laboratories is a proven market leader, engaged exclusively in the development, implementation and support of enterprise-wide Corporate Governance & Compliance Management, and Electronic Document & Content Management solutions. Solutions have been successfully implemented in over 500 installations worldwide - across all industry types, addressing a wide range of information and document storage, retrieval and distribution issues.

Contact Details

Mary Hodgson, Marketing Executive - mary.hodgson@hiteclabs.com Jeremy Crame, CEO - jeremy.crame@hiteclabs.com Tel: 01753 583000 www.hiteclabs.com

Mike Adams Vice President - Hitec North America - mike.adams@hiteclabs.com New US Office Address Details: 945, Concord Street , Framingham , MA01701

Tel: +1 508-620-5372

www.hiteclabs.com

Web Site = http://www.hiteclabs.com

Contact Details = Contact Details

Mary Hodgson, Marketing Executive - mary.hodgson@hiteclabs.com Jeremy Crame, CEO - jeremy.crame@hiteclabs.com Tel: 01753 583000