NEWS RELEASE

DALLAS, Texas, USA (July 14, 2011) – Lookout Software LLC, a global leader in business productivity software application development, announced today that it will release Office Timesheets V4.0 on July 14, 2011. This release incorporates major enhancements to the product and signifies Lookout Software’s continued commitment to the time tracking market.

Office Timesheets V4.0 represents significant enhancements in the areas of usability, time entry, speed, reporting, QuickBooks integration, and more. It is the culmination of over a year of development by the Product Management and Development Teams. Many of the new feature inclusions are a direct result of requests by Office Timesheets customers.

"We developed Office Timesheets Version 4.0 with our Administrators and Timekeepers in mind. We wanted to make all facets of the time tracking cycle easier and faster, thereby allowing our customers to be more productive" said Kevin Taggart, President for Lookout Software. "We spent a lot of time talking with our customers, finding out how Office Timesheets could be improved to meet their changing needs. We believe that we’ve hit the mark with this upgrade, and that current and future customers will be impressed with the improvements we have made."

Lookout Software will continue to offer its Buy 10 Get 10 Free Promotion for new customers interested in the On-Premise version of Office Timesheets. In order to receive 10 free licenses, the customer must register in advance and purchase 10 licenses with an associated Maintenance & Upgrade Protection Plan. The promotion is available to all legally registered companies worldwide with few restrictions. Only one 10 free user license code will be issued per company and the promotion is not available to the home or personal user demographic. This promotion is not available for Office Timesheets On Demand.

Office Timesheets is available as an On-Premise solution, for organizations that want to manage the solution in their own environment, and a SaaS version marketed as Office Timesheets On Demand. The current cost of the Office Timesheets On Demand service after the 30-day trial period is $9.95 per user per month, and requires no installation, and no contract or long term commitment.

To try Office Timesheets and register for 10 free users, visit the Office Timesheets website at www.officetimesheets.com.

Lookout Software was established in 2003 and since that time has acquired a licensed user base of over 12,000 companies, and has over 100,000 end-users using its software products worldwide. Lookout Software also develops award-winning Microsoft Outlook add-ins, most notably, OfficeCalendar, an easy-to-use collaboration application that allows users to share Outlook calendar, contact, tasks and notes with colleagues without Microsoft Exchange Server. For more information on all Lookout Software products, please visit www.lookoutsoftware.com.

Lookout Software, LLC.
pr@officetimesheets.com
www.officetimesheets.com