SOURCE: CWorks Systems, Inc.

February 22, 2007 14:20 ET

CWorks Systems Berhad Ranked #107 Fastest Growing Technology Company on the Deloitte Technology Fast 500 Asia Pacific 2006

WILLIAMSVILLE, NY -- (MARKET WIRE) -- February 22, 2007 --CWorks Systems Berhad, a company that specializes in CMMS software, today announced that it ranked Number 107 on the Deloitte Technology Fast 500 Asia Pacific 2006, a ranking of the 500 fastest growing technology companies in the Asia Pacific. Rankings are based on percentage revenue growth over three years. CWorks grew 1263% during this period.

CWorks' CEO Abdul Rani Achmed Abdullah credits its basic software product CWorks FREE with the company's phenomenal growth over the past three years. CWorks offers this product CWorks FREE -- a true freeware -- so that facility managers can easily download and test this computerized maintenance management system (CMMS) software against their facility's needs without incurring any costs. As the product is distributed in source, it allows the user to review the existing source code and customize it to meet their CMMS needs.

CWorks' CEO Abdul Rani said, "Our remarkable growth rate can be attributed to our well designed product offerings such as CWorks FREE. Coupled with the designed simplicity of our products and our superb service delivery, our implementation success rate has greatly increased. Making the Deloitte Technology Fast 500 Asia Pacific ranking is a testament to our commitment to technology and to producing exceptional products."

"Attracting enough customers to attain such fast growth over three years makes a strong statement about the quality of a company's product and its leadership,"said Ian Thatcher, partner in charge of Deloitte's Technology Fast 500 Asia pacific program. "CWorks has shown the right stuff for growth."

In addition to ranking on Deloitte's Technology Fast 500, CWorks recently won the MSC-APICTA Asia Pacific ICT Awards 2006 for the Best General Application category for its computerized maintenance management systems (CMMS) in Kuala Lumpur, Malaysia in November 2006.

Technology Fast 500 Asia Pacific selection and qualifications

The Technology Fast 500 list is compiled from Deloitte's Technology Fast 50 Asia Pacific programs, nominations submitted directly to the Technology Fast 500, and public company database research. To qualify for the Technology Fast 500, entrants must have had first year operating revenues of at least US $50,000.

Entrants must also be public or private companies headquartered in Asia Pacific and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; manufactures a technology related product, or devotes a significant proportion of revenues to the research and development of technology.

About CWorks

CWorks, a company specializing in CMMS, is managed in Malaysia and the United States by a group of maintenance and information technology practitioners who between them have more than 60 years combined experience in maintenance and IT from both local and multinational organizations in many countries. In addition to their experience in maintenance and IT, the CWorks team's expertise includes a huge base of implementation experience, as they have implemented CMMS at a variety of sites internationally that include LANs, WANs, and call centers environments.

The combined know-how of the CWorks team enables CWorks Systems to produce a CMMS product that is truly fit for purpose as it is produced by practitioners for practitioners. CWorks is the sensible approach to maintenance management not only for its affordability but because it is designed and implemented by experienced practitioners who understand the costs associated with asset maintenance, operational effectiveness, and the need for continuous improvement.

CWorks' main activities are the design, development, production and support of CWorks Computerized Maintenance Management System (CMMS). Following successful sales in North America, CWorks in 2005 formed a joint venture company, CWorks Systems, Inc., in the USA to ensure optimal customer service and sales support for its North American clients. CWorks Systems Berhad, formed in August 2001, is a Multimedia Super corridor (MSC) status company and is listed on the Malaysian Bourse MESDAQ board (CWorks:0079).

About Deloitte Technology Fast 500 Asia Pacific

The Deloitte Touche Tohmatsu (Deloitte) Technology Fast 500 Asia Pacific program is the region's most objective industry-ranking standard to focus on the technology field. The Asia Pacific program was launched in 2002 to recognize the effort and dedication of the 500 fastest-growing technology companies in Asia Pacific and includes all areas of technology, from Internet to biotechnology, from medical and scientific to computers/hardware. It includes both public and private companies. Details of the winning companies can be viewed at www.deloitte.com/fast500asiapac.

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