Press Release

January 5, 2000

Survey Shows Small Businesses Gain More Than 4 Hours and $600 Monthly by Tracking Time and Billing Online

77% of Members Bill More Hours using TimeBills.com

Boston, MA (January 5, 2000) -- According to an online survey conducted with a sample of TimeBills.com's 5,000 members, small business owners agree that using the TimeBills.com service is the most time saving, cost efficient time and expense tracking and billing solution they have ever used. The survey results indicated that TimeBills.com expedites the payment process for 62% of its members. TimeBills.com saves 76% of members more than 4 hours each month, while 21% save more than 12 hours. Comparing the Web-based service to previously used solutions, members able to quantify savings stated that they recouped an average of $600 per month using TimeBills.com.

TimeBills.com saves company resources by eliminating the need to buy, install, learn and maintain expensive, overly complex software. "I invested hundred of dollars on buying and upgrading off-the-shelf software that took three days to learn. TimeBills.com took 10 minutes to learn and costs me nothing, " said Charlotte Coats-Siercks, a solo practice attorney in Orange County, CA.

The convenient Web-based service is ideal for mobile workers who need to record client and project data from remote locations. "Traveling to meet with clients all the time makes it difficult to stay organized, especially when it comes to tracking my hours for invoices," said Paul Paez, Internet Marketing Consultant and owner of Narrative Group Interactive, based in San Jose, CA. "I used to put off creating my homemade invoices until the end of the month. Now I can record hours from any location and in a click, use TimeBills.com to create, print, address, stamp and mail high quality, professional invoices for me."

Many entrepreneurs billed more hours by tracking their time with the TimeBills.com automated timer. Although her off-the-shelf accounting program featured an automated timer, learning the unnecessarily complex technology just "wasn't worth the effort" for Donna Perry, Owner of DP Designs, a Web Hosting Firm based in Mesquite, TX that designs, hosts and maintains web sites. "When I began tracking hours I'd found out that I'd been underbilling about $1,500 per month."

Managers can use TimeBills.com to view company wide client project data. "With TimeBills.com, I have immediate access to all client history and billing data the moment it is recorded by my subcontractors," said Wayne Woodard, Owner of Woodard Computer Services, located in Westerlow, NY. By using TimeBills.com, the subcontractors can record project information on the spot, allowing them to simultaneously create an invoice and report to Wayne. "TimeBills.com saves my company 40 billable hours each month, time I now use to grow my business."

About The TimeBills.com Service
TimeBills.com is the first ever Web-hosted service for small businesses and solo practitioners that provides an easy to use, convenient way to track time, record expenses, maintain project and client information, and create quality invoices. Since its beta test on June 1st, 1999, over 5,000 small businesses subscribe TimeBills.com.

Members can email, fax or mail their own invoices or outsource the printing, addressing, stamping and mailing of invoices via the EZ Invoice service. The EZ Invoice service is an efficient and hassle-free way to send clients a two-page 8.5"x 11" invoice along with a return envelope and a pre-addressed perforated payment stub.

Available 24 hours, seven days a week, TimeBills.com supports all major Internet browsers and is easily accessed from any Internet-equipped computer. All data is backed up on state of the art servers, encrypted, password protected and only accessible to the TimeBills.com member. The service is constantly being updated based on member feedback, and it offers user-specific customization options to adapt to each company's specific needs.

About TimeBills.com
TimeBills.com was founded in 1999 in order to provide small businesses and solo practitioners with Web-based services that ease their administrative burdens. Headquartered in Boston, MA, TimeBills.com is committed to providing a new network of professionals with convenient Web-based solutions.

Contact
Jeff Hunt
TimeBills.com
Phone: 617-351-0230
jeffhunt@openair.com