Web Information Solutions, Inc. Announces Asset Purchase of FlexWallet 2006

[Computer Ninja]

AUSTIN, Texas (Jan. 5, 2005) – Web Information Solutions, Inc. (WebIS) today announced it has acquired the full assets of the FlexWallet 2006 line of secure information management software from Two Peaks Software.

“Two Peaks FlexWallet is a top of the line secure information management application, with versions available for Windows Mobile Pocket PC, Smartphone and Windows desktop computers.. I am thrilled to bring FlexWallet into the WebIS family of Mobile Information software,” said Alex Kac, CEO of WebIS. “With the best-of-breed information management software with Pocket Informant to FlexWallet we can now offer our customers an end to end mobile office suite.”

As part of the WebIS family of products, FlexWallet will receive continuing enhancements and full customer support. There will be a transition period of one week before the WebIS branded FlexWallet will be available from WebIS distributors. Current FlexWallet customers can visit http://www.WebIS.net/flexwallet for more information.

“WebIS is highly respected in the Pocket PC community and I am proud to hand the reigns over to Alex’s team at WebIS. I look forward to the continuing evolution of FlexWallet, and am confident that it will receive the same level of quality that has made Pocket Informant the #1 product in its category,” said Mel Sampat, CEO of Two Peaks Software.

Financial terms of the deal were not disclosed.

About Web Information Solutions, Inc.

A privately held company, WebIS has provided consulting services to more than 20 small- and medium-sized businesses since its inception in 1997. More than 400,000 users have integrated Pocket Informant into their Pocket PCs. The company works with several distribution partners worldwide, among them Handango: (distribution and promotion), Hewlett-Packard (software license and distribution agreement to integrate Pocket Informant software).

WebIS has received numerous awards, including Pocket PC Magazine's Best Software Awards 2005: Best PIM; Handango Champion Awards 2005: Best Productivity Application; and Handango Champion Awards 2005: Best Productivity Application, People's Choice

For more information on WebIS or Pocket Informant, please visit www.webis.net or www.pocketinformant.com.

About Two Peaks Software.

Two Peaks Software is a privately held company based in suburban Chicago, IL. Since 2001 they have developed numerous lifestyle applications for Windows Mobile powered Pocket PC and Smartphone devices. Two Peaks' award winning products include FlexWallet, Personal Vehicle Manager, Personal Health & Diet Manager, TripTracker and others, which are in use by over 60,000 users worldwide. For more information about Two Peaks Software or its products, please visit www.twopeaks.com.
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