Appgen releases Moneydance personal finance software for Mac OS X

First personal finance package written in Java to take advantage of Aqua
interface

San Francisco, January 8, 2001- MACWORLD-Appgen Business Software, Inc
(Hauppauge, NY), a leader in cross-platform software, announced today that
they will demonstrate for the first time, a Mac OS X version of Moneydance,
Appgens popular personal finance manager, at Macworld Conference & Expo
(San Francisco, January 9-12, 2001). Moneydance is the first personal
finance manager written in Java that takes advantage of Apples new Aqua
user interface on Mac OS X.

Moneydance is now available for Mac OS, Linux, FreeBSD, OS/2, Solaris,
Windows 95, 98, NT and 2000 operating systems, making it a truly universal
product with potentially unlimited online banking capabilities, said Jim
Kelly, President and CEO of Appgen Business Software, Inc. Mac OS X
presents a great opportunity for Appgen to move all of our mission critical
business products to the Mac market and Moneydance is the first of several
products we plan on bringing out for Apples next generation operating
system.

I was able to completely bring Moneydance to Mac OS X in less than one
day, said Sean Reilly, Appgens chief technology officer in charge of Java
product development. This process proceeded so quickly because Appgen uses
Suns JFC/Swing classes which Apple has mapped directly to the Aqua
interface on Mac OS X.

Mac OS X, with its UNIX-based architecture, delivers incredible
performance and reliability and were thrilled to see Unix and Linux
developers embracing what the system has to offer, said Clent Richardson,
Apples vice president of Worldwide Developer Relations. Appgens
Moneydance is an impressive Java-based application that will make
management of personal finances fast and easy for Mac users.

About Moneydance
Moneydance, Appgens first consumer product, is a truly universal personal
financial application that works on virtually any operating system, in many
languages, and it is designed to be intuitive and easy to use. Since
Moneydance is built on Java technology, it runs on Linux, FreeBSD, OS/2,
Solaris, Mac OS and Windows, and it is perfect for use on Internet
appliances and emerging technologies such as the Qubit WebTablet, and Java
Internet Phone.

Linux Journal called Moneydance the most Quicken-like in appearance in
its August 2000 review of personal finance software. Its easy-to-use
checkbook register-style interface contains many shortcuts, a
reconciliation tool simplifies checkbook balancing, cleared vs actual
account balances are updated as you work, and checks can be printed with or
without stubs.

Moneydance is a true double-entry accounting system that uses multiple
accounts to give a better understanding of any financial situation. It uses
QIF (Quicken Interchange Format) for file import and export and provides
customizable reports and graphs that can be created and printed in 3D and
2D formats for a truly accurate rendition of your financial picture.

Moneydance has been translated into Italian, German, French,
Brazilian/Portuguese, and Spanish. Moreover, Moneydance supports
multi-currencies (you can even define your own) and it can now store
historical exchange rates. Version 3.0 will provide additional features
such as online banking, investment management and budgeting tools, as well
as:

loan payment calculator that also calculates loan points vs rate
detailed transaction search function
printable calendar of reminders and upcoming transactions
XML export and import abilities
more account types, graphs and reports

Availability
Attendees at Macworld Conference & Expo will be able to receive a free copy
of new Moneydance for Mac OS X CD at the Appgen Moneydance Booth at
Macworld (No.3553), while supplies last.

About Appgen Business Software, Inc.
Founded in 1989, Appgen Business Software, Inc. is a privately held company
based in Hauppauge, New York, that has traditionally developed and marketed
mission critical general business and accounting solutions to the
small-to-midsize business (SMB) market through its worldwide network of
value-added resellers (VARs). Under the direction of newly appointed
president and CEO, Jim Kelly, the company has aggressively begun to develop
new technologies and add new markets. Mr Kelly was promoted from his former
position as Vice President of Marketing after previously heading the
companys Research and Development group. The companys former president,
Errol Allahverdi, is now Chief Technology Officer responsible for business
product development. Mr Kelly also heads sister company, Appgen Personal
Software, LLC, of which Sean Reilly is Chief Technology Officer responsible
for the development of the Moneydance product.

Appgen Business Software, has been a leader in business applications
development for the Linux platform since 1997, when it partnered with
Caldera, Inc on its OpenLinux platform. Appgens Linux-based general
business and accounting applications were the first accounting applications
to be IBM Netfinity ServerProven on Linux, and were recognized by the
editors of Linux Journal as Best Office Solution at the Fall 1999
Comdex/LBE Penguin Playoffs. These same cross-platform general business and
accounting applications are marketed under the Appgen PowerWindows
trademark for SCO Unix, IBM AIX, Windows NT, and peer-to-peer Windows
desktop environments. PowerWindows PC+ was awarded a four star rating by
CPA Software News in its review of the 2000 Top 10 in High-End Accounting.
Other developments include an all-new release of Appgen Linux Java Client
and a fast, easy and powerful development tool for Linux business
applications: Appgen Linux BAG (Business Applications Generator).

A special strength that Appgens cross-platform technology offers to its
developers and end-users is that end-users can migrate between various
Linux, Unix, and Windows environments without retraining or re-entering
data. The Appgen product line includes:

Appgen Development Environment with ODBC-compliant variable-length
relational database, Appgen General Business/Accounting Applications
shipped with source code:

Accounts Receivable
Accounts Payable
General Ledger
Payroll Processing
Bank Reconciliation
Billing
Inventory Control
Purchase Order Processing
Sales Order Processing
Job Cost Tracking
Bill of Materials

Along with the Applications and the Development System, the company
provides complete documentation, Email and Fax Support, Optional Training
Courses, eligibility for Developer Certification and access to Appgen
Developers Group Online.

Appgen Business Software, Inc.
1300 Veterans Memorial Highway
Hauppauge, New York 11788

Telephone toll-free 1 (800) 231 0062 or (631) 471 3200
FAX 1 (631) 471 3291
Visit www.appgen.com
Email info@appgen.com