This new release is expected to provide three revenue streams for the company. The primary one is users who upgrade to the new version. The other two include new users purchasing through our retail channels, and those purchasing through FindEx’s direct marketing initiative. According to Britt Edwards, FindEx Vice President of Sales, “This product has been very well received throughout the Christian retailing markets, including the Christian Booksellers Association. Over the past several years, we have experienced a significant increase in retail demand for our Membership Plus package. We believe the new packaging and the repositioning of Membership Plus as a collection of integrated modules will not only strengthen this retail demand, but also enhance our ability to promote it directly to Churches and Non-Profit Organizations.”

The Membership Plus development group is also working on accounting modules expected to be released mid-July 2002. Initially, these fund accounting based modules will include payroll, general ledger and accounts payable. In addition, another version of Membership Plus 7 is scheduled to be released mid-June, and will be targeted towards smaller churches and non-profit organizations.

FindEx has also announced that it released the “Life Application Bible New Testament Commentary” for QuickVerse. This 17-volume set, which is being sold on a limited, promotional basis for $149.95, will be an addition to the abundant list titles that FindEx already offers to its more than 1,000,000 QuickVerse users. The Company believes it is on track to release more content for QuickVerse users beginning this summer.

FindEx is a developer, publisher, distributor and supplier of “inspirational” and faith-based, off-the-shelf software products to individuals and religious and other spiritual organizations including schools, churches and other faith-based ministries.

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In addition to the historical information contained herein, this release contains certain forward-looking statements. Forward-looking statements in this press release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations and involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to differ materially from forecasted results. A number of factors, including those identified below, could adversely affect the Company’s ability to obtain these results: the Company is experiencing and may continue to experience reduced revenues due to delays in the introduction and distribution of its products, the Company is under-capitalized and requires additional equity investment, the loss of key executives could harm our business, the Company has a limited operating history, product returns that exceed anticipated reserves could result in worse than expected operating results, the failure of the Company to obtain CD-Rom manufacturing and packaging services on a timely basis could materially harm the business, the ability to consummate suitable acquisitions, the ability to effectively integrate acquisitions or implement new production programs, economic factors which affect the Company’s customers, the manufacturing industry, or the economy in general and changes in government regulations. Certain of these risks are described in the Company’s Form 10-K for the year ended December 31, 2001.