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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

KnowledgeLab begins beta testing of their TABS software with a Fortune 50 telecommunications giant

DALLAS, TX, September 12, 2002 - KnowledgeLab Software announced the beta testing of their TABS (Tracking, Analysis and Budgeting System) in a Fortune 50 telecommunications company. TABS is a sophisticated database driven, operating and capital budget system. Development of TABS began in 2001 and has progressed to the point of commercial viability.

"We are very excited about entering the beta testing phase of TABS. We have laid the foundation for future development and enhancements to the system." Said Jack Bobbitt, President and CEO.

Beta testing is anticipated to last for six months as added functionality and further enhancements to TABS are completed. During the beta test phase all aspects and functionality of the TABS software will be tested to the upper limits that a global Fortune 50 company can put on a system. During the beta test, service levels, response times and national connectivity capabilities will be streamlined.

Rich Hough, Vice President of Development commented, "Having such a large installation is extremely important to us to give TABS a full stress test. We are very confident that the foundation we have created is solid and will pass with flying colors."

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