Contact: Jennifer Lee

800-851-1315 ext. 529

jenniferl@myob.com

MYOB US, Inc. Celebrates 10^th Anniversary of Development on the Mac with release of MYOB Accounting Plus Version 9

November 19, 1999 (Rockaway, NJ). Today MYOB announced the immediate availability of MYOB Accounting Plus Version 9, an upgrade to their popular accounting and financial management application, designed for Mac-based small businesses. MYOB Accounting Plus 9 now offers improved integration with the speed and pervasiveness of the Internet; including the ability to email reports, invoices and purchase orders, enriched inventory management, and multiple currency accounting.

Celebrating its tenth consecutive year of development on the Mac, MYOB Accounting Plus offers small businesses an accounting and financial management system geared towards helping businesses grow.

"It’s certainly no surprise to us to be celebrating our 10^th year of consecutive Mac development," said Christopher Lee, Executive Director, MYOB Ltd. "But it is a pleasure. MYOB Accounting products have pioneered the graphical user interface that is today’s standard because they were originally developed on the Mac. We’re proud of that and particularly proud to continue our Mac tradition with Version 9, an excellent upgrade for our Macintosh users."

Utilizing the performance of today’s Macintosh computers, MYOB Accounting Plus Version 9 is a solid accounting solution for small businesses.

"Apple's PowerBook G3 and new Power Mac G4 are perfect tools for the small business owner," said Clent Richardson, Apple's vice president of Worldwide Developer Relations. "By offering better integration with the Internet, MYOB Accounting Plus Version 9 is a powerful and flexible accounting product for Macintosh small businesses."

ABOUT EMAILING FORMS AND REPORTS

MYOB Accounting Plus Version 9 offers small business owners and managers the ability to send invoices, purchase orders and reports directly from Accounting Plus via email. No more printing forms or addressing and stamping envelopes, MYOB users with e-mail accounts need only click the "email" button to be able to bill customers, order from vendors or send reports. Melding the speed and efficiency of email with the power and functionality of MYOB Accounting Plus allows businesses to receive payments and products faster than ever, putting money in the bank and product on the shelf in record time. Accountants will be happy to receive reports from MYOB users immediately upon request!

ABOUT MULTIPLE CURRENCY ACCOUNTING

MYOB Accounting Plus version 9 gives users the ability to buy and sell goods and services in foreign currencies. It tracks exchange rates, calculates and posts realized gains, and keeps an easily accessible record of both the foreign and the local currencies for any given transaction. The popularity of multi-currency accounting is increasing with the growth in electronic storefronts, and MYOB Accounting Plus is here to service the need!

ABOUT INVENTORY

MYOB Accounting Plus makes efficient inventory management quick and easy with features including an item-pricing matrix consisting of 6 price levels and 5 quantity breaks, 7 years of item history, a 30-character item number, user defined lists and fields and a graphic on the item card. The pricing matrix allows users to select special pricing for customers according to volume purchased, customer loyalty, special sales, or whatever criteria the user decides – and to have this pricing appear automatically on invoices. For users taking advantage of Accounting Plus’ multi-currency, the six price levels per item can be assigned to different countries and priced accordingly, making it easy to invoice foreign customers.

OTHER PRODUCTIVITY ENHANCEMENTS

Mostly user requested, MYOB Accounting Plus offers several other new enhancements designed to hasten the accounting process, including:

• Users can mark unused cards, items, accounts or jobs as inactive, with just one click of the mouse. Once marked, they will not show up in pop-up lists. This not only speeds up data entry by slimming the list, but it also helps avoid mistakenly using invalid accounts or cards.

• Unlimited sales tax codes — users can set up and track collections for as many sales tax codes as needed. Plus, users can now consolidate tax codes for reporting sales to multiple taxing authorities. MYOB also tracks import duties.

• Add bank service charges and interest earned directly from within the Bank Reconciliation screen. MYOB Accounting Plus Version 9 also provides drill down arrows on the reconciliation screen so users can easily access the originating transaction.

• Advanced Inquiry —Accounting Plus users can save tremendous time finding transactions by searching through a date range, a dollar amount or a range of amounts, on one account or all accounts, and even on any text within a memo field. When you need to find something, MYOB’s job is to make it easy — and it does its job well.

• Expanded Import/Export fields — MYOB Accounting Plus has just added considerably to its import/export capabilities by including time billing, enhanced inventory and additional customer and vendor payment terms information.

• MYOB Accounting Plus users can now select which network protocol they want to use; NetBIOS/NetBEUI and TCP/IP for Windows and AppleTalk or TCP/IP for Macintosh. Supporting TCP/IP makes Accounting Plus one of the only cross platform products in its category. This means that users can have employees with both Macintosh and Windows systems use the same MYOB datafile at the same time!

ABOUT PRICING

With competitive features comes competitive pricing. MYOB Accounting Plus Version 9 is available on Macintosh for $199. Workstation licenses can be purchased separately for $99 each by calling MYOB Customer Service at

MYOB US, Inc. is a subsidiary of MYOB Limited, and one of the MYOB Group companies. MYOB US, Inc. has been on the front lines of the micro-computer information revolution since 1983. With affiliates and publishing partners worldwide in the United States, Canada, Australia, the United Kingdom, New Zealand, South Africa, Singapore and Malaysia, the companies have helped more than 350,000 small businesses manage their finances more efficiently.

MYOB and the MYOB logo are trademarks of MYOB Limited.

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