Cost Estimating Software Now Available Through "Flexpay" Program, For Fast R.O.I. With Minimal Financial Risk.

MTI Systems Press Release

W. SPRINGFIELD, MA (April 8, 2004) - MTI Systems, Inc. today announced an attractive new payment program available to companies interested in purchasing their Costimator OEM or Costimator JS Software Systems. Named “FlexPay,” the plan allows customers to purchase the system over time, preserving working capital and cash flow. As a result, manufacturing companies can experience the benefits of Costimator while they are making the investment. The program is also unique in that it provides the option, within the first six months of a two-year term, to cancel the plan with no penalty. This provides companies with a “safety net.”

“In the past, the initial investment in CACE (computer-aided cost estimating) Systems was prohibitive for most small to medium sized companies. What the FlexPay program does is make Costimator affordable for all companies, giving everyone the opportunity to gain the competitive advantage this technology brings.” says Tom Charkiewicz, founder and Chief Technology Officer of MTI Systems. "Also, unlike traditional leases, there are no financial qualifications or end of term ‘buy outs’ required.” he said.

Costimator OEM helps OEM’s implement predictable costing strategies by breaking down and quantifying the true costs of manufactured parts. This cost information is then used by procurement personnel to set benchmarks for negotiations with suppliers. The system allows design and cost engineers to evaluate functional or design differences in a part to determine which design is most cost effective.

Costimator JS helps suppliers produce timely cost estimates that are both consistent and accurate (to within 5% of actual costs). This allows companies to bid with confidence, optimizing their chances of winning profitable jobs.

MTI Systems, Inc. is a world-leader in the development of innovative cost-estimating software and consulting services, providing competitive-edge solutions for manufacturing since 1982. For more details on the FlexPay program, contact David LaJoie at MTI Systems, 59 Interstate Drive, West Springfield, MA 01089, 800-644-4318, Fax 413-739-7250, email: david.lajoie@mtisystems.com, or visit www.mtisystems.com.