For additional information contact:

Jan Baskin, 1-866-OiWARE7 (1-866-649-2737, x-102)

bp@oiware.com

May 14, 2007 12:53 PM Eastern Daylight Time

Intent Management Company Offers Solution to Section 404 Mandate for SMBs

Comprehensive SOX and GRC Compliance Does Not Have to Be Big Expense for SMBs

TAMPA, Fla.--(BUSINESS WIRE)--OiWare, Inc., a leading provider of Governance, Risk and Compliance (GRC) and intent management software, responds to the U.S. Senate’s recent Section 404 exemption defeat and its impact on small-to-mid-sized businesses (SMBs).

OiWare CEO Alec Brophy, an expert on SOX compliance and technology, said that SMBs have different needs and constraints than larger companies and are struggling with complex, expensive offerings that cost time and money to businesses that cannot afford to lose either in this day and age of increasing government regulation and oversight. This latest ruling creates further frustration for SMBs.

According to Brophy, small and mid-sized businesses need to know what their options are and what they can do to ensure intent management on an ongoing basis. “With this latest mandate, SMBs still face the realities of compliance, and are still grappling with how to meet the requirements,” said Brophy. “The reality is that compliance does not and should not have to be expensive, that SMBs do not need large numbers of dedicated staff to manage compliance, and that they should also be able to integrate current information into a single software management solution.”

“SMBs need easy-to-use, easy-to-manage, intuitive and cost-sensitive software that meets Sarbanes-Oxley and ongoing governance risk and compliance needs; they need it today, right now,” adds Brophy.

OiWare has developed iNTENTcheck™, the only intuitive, easy-to-use, comprehensive and cost-sensitive compliance and GRC software product specifically targeted to small-to-mid-sized business.

Until now, SMBs have had to use existing, modified solutions that do not capture the full breadth of intent management. iNTENTcheck™ is the only solution built from the ground up, under the Committee of Sponsoring Organizations of Treadway Commission (COSO) framework, that has been designed to specifically meet SOX compliance and corporate governance.

About OiWare, Inc.

OiWare, Inc., develops comprehensive, cost-sensitive, easy-to-use solutions that enable internal management to implement and maintain critical processes and procedures. OiWare provides world-class support through its business partner channels and direct software support.

The company can be reached at www.oiware.com or at 813.549.0890.

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