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TABS Software
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"TABS is a sophisticated full featured operating and capital budgeting system, purchasing interface, business intelligence and work flow tool for senior executives to plan, track and adjust expenses, providing instantaneous information to make decisions crucial to the success of their business."

Media Contacts:

Jack N. Bobbitt
President and CEO
(972) 208-2737
jbobbitt@knowledgelabsoftware.com

Rich Hough tapped as Vice President of Development

DALLAS, TX, February 28, 2002 - KnowledgeLab Software announced the addition of Rich Hough as the Vice President of Development. Mr. Hough will lead the development team to ensure KnowledgeLab's premier budgeting and planning tool, TABS, is the best of breed product on the market. Mr. Hough will oversee all aspects of product development including architecture, database and code development.

Mr. Hough has over 30 years experience with software development focused on complex enterprise accounting and telecom systems. He has managed numerous development teams for Fortune 500 companies. His extensive experience includes numerous languages and platforms. Mr. Hough's accomplishments include development, installation, and support of an online accounting system for collecting and costing telephone calls. The system dynamically generated billing statements, while maintaining the general ledger and account receivable. Mr. Hough is an excellent manager and mentor with numerous accredidations in software development.

"I am truly excited about the opportunity to lead a very talented development team in creating a new and revolutionary product. This opportunity will allow me to use all of my experience in development of financial applications." Said Mr. Hough.

Jack Bobbitt, KnowledgeLab's President and CEO commented " Rich is a well rounded talent with extensive experience in sophisticated financial application development and a great leadership style. We have ensured our future success by having Rich on the team."

About KnowledgeLab Software

KnowledgeLab Software, headquartered in Plano, Texas, is an independent software development company, marketing our premier product TABS (Tracking, Analysis and Budgeting System) to U.S. companies with over 500 employees. TABS is a sophisticated full featured operating and capital budgeting system, purchasing interface, business intelligence and work flow tool for senior executives to plan, track and adjust expenses, providing instantaneous information to make decisions crucial to the success of their business. We will combine best of breed products and services with extensive management experience to become the leader in budget and planning software. For more information on KnowledgeLab Software, visit us on the web at:

www.knowledgelabsoftware.com