Track™ buys PCMS software from The Turnaround Management Co.
Acquisition Creates the Most Complete Cost Control
and Forecasting Package Available Anywhere

Houston, Texas — May 12, 2008

PCMS™ and Track™, two widely recognized cost control software packages used in Refining, Chemical and Petrochemical worldwide have joined forces. Management Controls, Inc., the owner of Track, has acquired PCMS (Project Control Management System). Users will soon benefit from contractor administration & cost control provided by Track along with the activity based cost tracking & forecasting that PCMS provides; all in one software package. PCMS will become Track’s Project Cost Forecasting (PCF) module and will be released in the third quarter of 2008.

The Turnaround Management Company (TTMC) is recognized for its expertise in Project Control Support for Turnarounds and Capital Projects Management. TTMC’s CEO, Michael D. Jeansonne, said, “We developed PCMS in response to client demands and to provide our turnaround consultants a cost tracking/forecasting tool. But we are not a software developer per se; that’s not our core business. Track is in the software business and will continue to develop PCF to its fullest potential.”

“We think the Track/PCMS combination has nearly limitless capabilities,” said Bob Harrell, President and CEO of Management Controls, Inc., the company that invented Track. He continued, “We plan to expand markets served from refineries and chemical plants to pulp & paper, pharmaceuticals, utilities and more. The software can be a huge money-saving and cost prediction tool for government as well.”

“We’re excited about the cost control and predictability we can bring to large projects. We already have had a great deal of interest in the new PCF software product. Industry has needed a single software program like this for decades. By giving users the ability to perform paperless contractor administration and total cost functions and to allow them to track project costs as they occur and forecast costs at completion––well, that’s going to create new efficiencies and save many a project from disaster.”

Track will develop, market, and support PCF and TTMC will support Track with PCF training, implementation and subject-matter expertise in use of the product.

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For more information contact:
Michael D. Jeansonne, The Turnaround Management Company
Phone: 281-461-9340
E-mail: jeansonne@tamanagement.com
www.tamanagement. com

Bob Harrell, Management Controls, Inc. (Track)
Phone: 281-590-5881 (ext. 111)
E-mail: bob.harrell@tracksoftware.net
www.tracksoftware.net

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