LONDON, December 10 /PRNewswire/ --

- Eighth Straight Year of Growth Yields GBP1.1 Million Profit for UK 
Market Leader

- AIM Listing Mooted for 2009

BIW Technologies, one of the world's leading providers of online
construction project control software, increased its turnover by 27% per cent
to GBP7.3 million in the year to 30 September 2008, with profits more than
doubling to GBP1.1 million.

The value of unrecognised revenues in the order book is up to
GBP12.77 million at September 2008, from GBP8.43 million at September 2006.
In line with BIW's software-as-a-service model (SaaS) - where subscribers
typically pay annually for the software, but agree long-term deals - these
are contracted revenues that apply to future years, which give visibility and
resilience to the company's forward revenues and cashflows.

BIW's growth this year has included some notable high-profile
contract wins. These included being selected to provide its SaaS system to
support the design and construction of the headquarters of the Bill & Melinda
Gates Foundation in Seattle.

BIW also, earlier this year, signed a corporate agreement with
Nakheel, Dubai's leading property developer, to deliver SaaS applications to
manage and deliver Nakheel's development projects throughout the United Arab
Emirates.

Nakheel's projects include the 1.4 billion square foot
Waterfront development, the internationally renowned Palm Trilogy and The
World.

Nakheel recently announced that it had selected BIW to deliver SaaS
applications to support design and construction of the Nakheel Tower, which
is set to be the world's tallest building. The Nakheel Tower, which will be
over one kilometre high, is at the heart of a 10-year development: Nakheel
Harbour & Tower.

The most widely used system in the UK, Europe and Middle East, the BIW
platform has been deployed on over 10,000 projects. To date, it has
accumulated a user base of over 110,000 users.

BIW has offices in London, Dubai and India. Next year, depending on
market conditions, BIW is considering an AIM listing to help fund its further
expansion.

Colin Smith, CEO, BIW Technologies, comments:

"This year has been our most successful to date in terms of revenue and
profits. We operate in the SaaS sector, which is recognized as being
relatively recession-proof, because there is much less up front investment
required from clients, its low risk and there is a faster return on
investment, therefore we should do well even in these difficult economic
conditions."

Contact:

    Richard Evans
    +44(0)207-630-1411
    +44(0)7920-055-023