PRESS RELEASE

World Software Corporation
Ridgewood, New Jersey 07450
1-201-444-3228
worldox@worldox.com
Contact: Thomas W. Burke

FOR RELEASE: 5:00 P.M. EDT, Thursday, August 16, 2001

World Software Corporation Named One of New Jersey's Fastest Growing Technology Companies in 2001 by Deloitte & Touche's "Fast 50" Program

Ridgewood, N.J., August 16, 2001 - World Software Corporation has been named to Deloitte & Touche's prestigious "Fast 50" Program for New Jersey, a ranking of the 50 fastest growing technology companies in the State for the second year in a row.

Rankings are based on the percentage of growth in revenues from 1996-2000 (five-year period). These companies, which impact a broad spectrum of industries, are defying conventional wisdom by consistently expanding their revenues over a substantial period of time.

World Software's CEO, Thomas W. Burke, said, "Being named to the "New Jersey Fast 50" list for the second year in a row is a great honor for World Software. We are proud to be associated with the distinguished group of companies who also made the 2001 list."

"The Deloitte & Touche Technology Fast 50 provides important recognition to those companies that are supporting New Jersey's economy and leading the technology revolution, which today continues to shape the way we do business and lead our lives." said Ray Lewis, Deloitte & Touche Partner, Technology and Communications. "Our goal in working with technology companies is to help them build the type of business infrastructure and implement the necessary planning to achieve long-term growth and success."

World Software Corporation's increase in revenues of 438 percent over the five-year period of 1996 to 2000 resulted in a 29th ranking overall in the Fast 50 for New Jersey.

To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1996 and $1,000,000 in 2000, must be a public or private technology company headquartered in New Jersey. The Fast 50 defines a "technology company" as a business that produces technology, manufactures a technology product, or devotes a high percentage of effort to research and development of technology.

Winners of the 22 regional Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.

About World Software Corporation
World Software Corporation is a privately held software company, which develops software for the professional services market. World Software's products, WORLDOX and WORLDOX/Web, have received numerous awards for excellence in the software industry. In Year 2000, World Software was recognized by Deloitte & Touche as a "Fast 500" company - one of the 500 fastest-growing public and private technology companies in North America. World Software also made Inc. Magazine's "Inc. 500" list, being one of the top 500 fastest growing private companies in the United States. World Software Corporation was founded in 1988 and is based in the New York Metropolitan area. For more information about World Software Corporation or WORLDOX, visit www.worldox.com or call 800-962-6360.

About Deloitte & Touche
Deloitte & Touche LLP is one of the nation's leading professional services firms with 30,000 people serving clients from offices in more than 100 US cities. The firm is dedicated to helping its clients and people excel. Deloitte's Tri-State Technology & Communications practice is comprised of experienced practitioners who offer cross-functional services to companies in a wide range of areas, including software, systems integration, telecommunications, biotechnology, Internet, semiconductors, communications utilities and media/publishing. The practice's current service team is led by more than 40 partners providing; audit, tax, information-technology, e-business consulting, human capital, enterprise risk and mergers & acquisition services. For more information, please visit Deloitte & Touche's Web site at www.us.deloitte.com.
     

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