Bellevue, WA -- February 28, 2002 -- Integrated Project Solutions, a privately owned provider of project management solutions, posted record revenue and earnings for fiscal 2001. Company revenue was 120% higher than that of the previous year, and net income was up 104%. This year marks the second year in a row that the company has more than doubled its profit margin, a feat that President and CEO, Charlie Morton, attributes to their "standard of project management excellence and on-going concern for client satisfaction."

Specializing in project management solutions for the IT, software development, biotech, and telecommunications industries, Integrated Project Solutions has skyrocketed from a small consulting firm to a recognized leader in the fields of program, project, and portfolio management. "We are very happy that our company continues to grow, but our main concern is for our clients," said Morton. "We're just pleased that they recognize the value that our solutions provide to their projects. A cornerstone of our business is the understanding that in tough economic times, it becomes vitally important for our clients to complete their projects on time and within budget. We ensure that they do."

With numerous strategic partnerships with other management-consulting firms, application service providers, and software vendors, Integrated Project Solutions is able to offer specialized tools and a comprehensive implementation methodology to meet the most specific needs of their clients. To further enhance the service and support to present and future clients, Integrated Project Solutions recently expanded into Oregon, opening new offices in the Portland area. Morton has high hopes for the future, saying: "Given the current economic conditions, companies realize that efficient and effective project management is key to business success. We make sure that our clients not only achieve that level of success, but we strive to make project management a strategic advantage for them. That kind of value puts us in a great position to continue executing our business plan while providing our clients with the greatest return on their investment in project management tools and services."

Founded in 1996, Integrated Project Solutions is a premier provider of training, consulting and software solutions for the project management market, serving clients in a wide range of industries. Integrated Project Solutions is an Authorized Representative for the Primavera product line, which includes Primavera Enterprise®, Primavera TeamPlay®, Primavera Project Planner® (P3®), SureTrak Project Manager®, and Primavera Expedition®. More information about Integrated Project Solutions is available via the World Wide Web: www.iproj.com.

Primavera Enterprise, Primavera TeamPlay, Primavera Project Planner, P3, SureTrak Project Manager, SureTrak, and Primavera Expedition are registered trademarks; and Expedition Express, P3e, Primavera Portfolio Analyst, Primavera Teamplayer, Primavision and Primavera Progress Reporter are trademarks of Primavera Systems, Inc. All other company or product names may be trademarks of their respective owners.