Press Release: Q4 Increases 95 Percent Despite Recession, Policy & Procedure Manager 5.0 in beta

Press Release

FOR IMMEDIATE RELEASE

Q4 Increases 95% Despite Recession, Policy & Procedure Manager™ 5.0 in Beta

Rexburg, Idaho (NEWSWIRE) February 17, 2009: Policy Technologies International, Inc. (PolicyTech), a leading provider of policy and procedure management software, enjoyed significant strategic wins during the fourth quarter of its fiscal year 2008. A few of PolicyTech’s highlights in Q4 include 95% growth over Q4 of 2007, Policy & Procedure Manager 5.0 beta release, and significant annual growth of 53% in 2008 over 2007.

Selected customers that purchased Policy & Procedure Manager during PolicyTech’s Q4 08 include: Cedars-Sinai Health System, City of Calgary Fire Dept, California Health Care Services, Aspen Insurance Group, UHS-Pruitt Corporation, Methodist Healthcare, Maniilaq Health Center, California Prison Health Care Services, and University Health System.

“As a recognized leader in Healthcare, Cedars-Sinai’s primary objective was to find the best software application that would automate and track our policy management.” said David Blake, VP of Corporate Compliance. Cedars-Sinai has 10,000 employees and is located in Los Angeles, CA. “When we saw that PolicyTech was exclusively endorsed by the AHA (American Hospital Association) we decided to include them in our ongoing evaluation. Needless to say we found that PolicyTech not only offered the features we wanted, but that it was extremely user friendly, robust, and that they have a very satisfied customer base. We look forward to making PolicyTech’s Policy & Procedure Manager 5.0 the standard for our entire hospital network.”

Q4 2008 sales exceeded sales from the same quarter in 2007 by 95%. PolicyTech’s outstanding reputation for customer service as well as the quality and user-friendliness of PPM has made it the choice for healthcare, business and government organizations of any size.

 “Overall we are pleased with our Q4 financial results.  Even though the economy has been in a recession for more than a year our results prove to us the importance it is for organizations to reduce compliance risk by moving forward with our policy management software. Companies understand more than ever that they can no longer handle their growing regulation with outdated systems and processes.” said Eric Browning, PolicyTech Vice President of Sales. “We also attribute our growth to a continually improving product, a dedicated team, and a corporate culture that breeds innovation. Our approach is simple. We will always provide the best product possible because we listen to our clients and adapt our software to accommodate their needs.”

Policy & Procedure Manager 5.0 has been released for beta testing among a few PolicyTech clients. The objective is to analyze and improve its functionality before it is released to the public. New features of Policy & Procedure Manager 5.0 include sub categories, sub departments, bulk editing enhancements, reviewer and approver note attachment, and an improved print and export reports.

The Policy & Procedure Manager (PPM) software package is designed to simplify the complex process of managing policies and procedures. The primary reasons customers select PPM include its ability to simplify compliance audits, user friendly interface, ease of management oversight, and acceleration of the document review and approval process.

About PolicyTech
Policy Technologies International, Inc. (PolicyTech) is a leading developer and supplier of policy and procedure management software for all industries including healthcare, banking, corporate, education, and non-profit systems. PolicyTech is rapidly expanding its client base world-wide as it helps ensure best practices and quality management. PolicyTech is profitable, debt-free, and has seen significant growth over the past five years while providing organizations with policy and procedure management software and pre-written content.

For additional information on PolicyTech and Policy & Procedure Manager software, contact Joshua Perry or visit http://www.policytech.com.

Contact:
Josh Perry, Correspondent
Policy Technologies International, Inc.
208-359-8123 ext. 440
marketing@policytech.com
http://www.policytech.com

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