During the current recession businesses are looking to save money and operate more efficiently.Averiware offers small and medium-sized businesses (SMBs) a fully loaded Enterprise ResourcePlanning (ERP) system that is easy to get up and running, covers all of the key business functions,and is less expensive than any other option.

Companies can save time and money and get unprecedented visibility into their operations byutilizing one centralized and up-to-date database, ending the headache of using multipleincompatible applications. And they can do it anytime, anywhere via the web.

Executive Summary

The Averiware ERP program is offered as "Software as a Service" (SaaS), a concept that hasbeen proven by companies such as Salesforce.com, a company that offers Sales ForceAutomation (SFA) and Customer Relationship Management (CRM) software over the web.Gartner predicts the SaaS market to reach $19.3 billion by 2011. According to Sharon Mertz,research director at Gartner, "The sustained performance of major on-demand solutionsproviders is driving the growth in the SaaS segment ... As businesses refresh existing salesforce automation systems to align with their renewed drive for business and revenue growth,we expect this to push sales software to become the largest CRM subsegment by 2011."

Offering the Averiware system as SaaS provides several major benefits to customers. First,the need for extensive IT infrastructure and personnel is not necessary, as the program canbe reached by any Internet-connected desktop or laptop computer. Second, a company canbe up and running on the system in days, not months. Third, customers pay as they use thesystem, as they are charged per user per month - with no contracts. Fourth, all softwareupgrades are free and instant, so companies can remain at the forefront of technological innovationwithout additional investment.

Averiware was developed from the ground up using JAVA-based technologies. This enablesthe product to be truly web centric and provides both client and server independence.Averiware's main software components reside on the server, which dynamically creates lightweightHTML pages. Averiware's management believes that the continued adoption of JAVA will providethe greatest flexibility exploiting the most cost effective, highly available and scalable operatingenvironments.

Executive Summary

The company employs a structure that includes workers in the U.S. and India. Core technologydevelopment takes place in India, with a team of Microsoft certified engineers, software codersand Internet experts on staff. The executive management team is based in the U.S.

Currently, Averiware is aware of no direct competition. Salesforce.com is the market leader forSaaS CRM and Sales Force Automation, but requires additional outside modules to beintegrated to become as functional as Averiware - leading to more costs, complexity and databaseissues. NetSuite offers a SaaS ERP application, but the costs are prohibitive for a SMB.

Several years and millions of dollars have been expended to bring this software to its currentstatus. It is now fully functional and has multiple customers online, with over 100 users. Onecustomer has been on the system for over three years. The company is seeking a fundinground to launch an aggressive marketing campaign and expand the user base to thousandsof users.

The company plans to employ several distribution models to acquire customers and users.The company has a joint venture agreement with a leading CPA firm for a private-branded systemthat it offers to their accounting clients. Value Added Resellers are currently offering the productto their customers and this channel will be enhanced. Internet Service Providers can offerAveriware as a method of differentiating themselves from the competition. The company plans torecruit, train and deploy a direct sales group that operates on a commission basis to sell theprogram. Finally, Averiware will launch a full Web 2.0 marketing blitz, including social networking,blogs, e-books, whitepapers and search engine optimization to attract and engage customersdirectly via the Internet.

Another use of funds is to continue to build out system functionality and additional value forcustomers. For example, the user interface needs to become more user-friendly and intuitive,and a mobile capability needs to be developed. The India team will continue to develop additionalfeatures and capabilities as requested by the market. The U.S. team will focus on customerservice, sales, and marketing.

Post Funding Proforma

Executive Summary

management

Prior to starting Averiware Emmanuel started Cybercom Resources during the latter halfof 1998. Emmanuel has over 14+ years of business and management experience. Ascontroller of a leading financial services technology equipment and services company inSouthern California, he successfully resolved issues the company was embroiled in forseveral years with a government agency and received a favorable resolution for its shareholders.

He also helped turn around the company's financial condition andbrought the company into profitability. Emmanuel has built Averiwareinto a strong company through the post-bubble downturn with goodmix of clients in government and private sectors across the US,Malaysia and India. Emmanuel holds a Bachelors degree inBusiness from Bangalore University and has successfully completedthe CPA.

Emmanuel Mathew, Founder & CEO

James Oliver, CFO Mr. Oliver has over twenty-five years of diversified business management,finance and accounting experience. He has been active in a widerange of industries at various levels of product technology, in bothdomestic and international markets. Mr. Oliver has served in seniorfinancial management positions for operating units of "Fortune 100"companies along with having experience with privately held companies.

Mr. Oliver created and copyrighted "Value Creation Insights" which is a profitabilityimprovement and value creation management tool. It integrates strategy, operations andfinancial management. Mr. Oliver graduated from the University of Southern Californiawith a Bachelor of Business Administration degree in accounting and finance. He is aCertified Management Accountant and is a member of the Institute of ManagementAccountants. Mr. Oliver is trained and licensed by the Professional Management Instituteto implement a proprietary enterprise management system to help improve operating andfinancial performance of companies of various sizes and complexities. General Electric,IBM, ATT and other companies have used this system.

Jay Goth, Lead AdvisorMr. Goth is a marketing veteran, having worked in avariety of industries including hospitality, energy, realestate, insurance and technology. As a founding executiveof Commonwealth Energy in 1997, Mr. Goth helped todefine and write the initial business plan, raise over$60M in private capital, build a customer base of100,000 in less than a year, and expand the company'soperations into additional markets. The companybecame one of the largest unregulated retail electricityproviders in the country, with third year revenuesapproaching $100M. In 2004 the company registeredits shares with the SEC and went directly to the AMEX.A graduate of the University of Colorado, Mr. Gothreceived a B.A. with a double major in English literatureand Economics.

Sankar B, Product ManagerSankar is a Micosoft Certified Professional with extensive experience in software developmentand delivery specializing in E-Commerce, ERP System and Client Server solution delivery.He is an experienced Project Manager with 5 years in ERP implementation through strategy,design and architecture. An innovative professional with the proven ability to identify, analyze,and solve problems to increase customer satisfaction and control costs, Sankar counts as keyabilities a strong background in ERP Modeling, Installing & Upgrading Oracle 10g/9/8i andSQL Server 2005, Database Design, Tuning and Maintenance, Optimization usingPerformance Pack, OEM and SQL trace facilities, memory, I/O, network, SQL performanceissues using the combination of SQL race & TKPROF utility. Sankar holds both Bachelor andMaster of Science Degrees in Computer Science.

More Information

Contact Jay Goth951-676-6509

jgoth@averiware.com