FOR IMMEDIATE RELEASE

For more information contact:
info@villagemall.com.au

VILLAGEMALL DELIVERS
INTERNET-BASED  BUSINESS SOLUTIONS
 TO SMALL BUSINESS

Web-based Application Gives Small Businesses Easy-to-use,
Reliable and Secure Accounting, Anywhere, Anytime

Brisbane, Australia,- December, 1999 - VillageMall™, the premiere provider of Web-based applications for small business, today launched the Web’s first outsourced accounting application for companies of one to twenty five employees. VillageLedger’s™ application is the first in a series of integrated, cost-saving business applications the company is developing to address the needs of today’s small businesses. Based on the SQL Server database, VillageLedger™ delivers the reliability of an enterprise-level accounting solution combined with the ease of use of small business accounting packages. VillageLedger starts at 50cents per transaction or $4.95 per month and is accessible using a Web browser.

Established in May 1999, VillageMall will become a leader in the outsourced small business application space with its first offering of online accounting available in early 2000. Future releases of business applications include e-stores that communicate directly with accounting software; personal productivity, customer relationship management tools; and online supply procurement. 

"Emerging Internet technology has created a new and currently untapped market — online accounting for small business," commented Charles Moore, managing Director of VillageMall. "Our strategy is to establish and own this space by providing a series of integrated applications that offer a competitive advantage to small and growing companies, our focus is not on the internet, but how to exploit the internet."

Today’s virtual, satellite and telecommuting offices with 24x7 workdays require internet-based business processes to conduct business efficiently and competitively. The VillageLedger solution is specifically designed to address the demand of this new generation of small business.

About VillageLedger Accounting

VillageMall’s revolutionary internet-based platform enables small businesses and their accountants to enter transactions, view reports and maintain lists of customers and vendors. It includes full accounts receivable and accounts receivable tracking, payroll and project management as well as an intuitive user interface for easy set up and use. Accessible via Microsoft IE5.0  Web browser on the Internet, VillageLedger will be available anywhere, anytime. It is designed to run effectively at connection speeds as low as 28.8K. Quickbooks® users can instantly convert their data to VillageLedger. 

Reliability and Enterprise Power for Small Business

VillageLedger brings the power of the industry-leading Microsoft SQL server database and an enterprise quality infrastructure at a competitive price to small businesses. The power, reliability and scalability of SQL server enables VillageLedger to offer secure, multi-user, granular accessibility to company finances.

To manage the Internet delivery of the VillageLedger solution, the company has chosen Windows 2000 as its application hosting platform. Windows 2000 OnLine offers VillageLedger customers 24x7 application management with high bandwidth availability. Data security is ensured through the use of encryption over the network and robust digital Identification and authentication.

"Windows 2000 enables small businesses to achieve high levels of performance and security, utilizing the same technology infrastructure and expert staff used to manage the mission critical data of Fortune 500 companies," said Charles Moore. VillageLedger -  levels the playing field for small businesses, providing them powerful applications to run their business, and with significant cost savings."

Price and Availability

VillageLedger will be available early 2000 starting at a cost of 50cents per transaction. This includes free email-accessible service and support. Telephone support will be available at an additional cost.

 About VillageMall

VillageMall is the premiere outsourced business application provider for small business. VillageMall was founded in 1999 and is headquartered in Brisbane, Australia. For more information please email info@villagemall.com.au or visit the company Web site at www.Villagemall.com.au.