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Replicon Co-Founder Lakshmi Raj Ranks on PROFIT W100 List

PROFIT's 6th Annual Ranking of Top Woman Entrepreneurs Recognizes Replicon Co-Founder Lakshmi Raj

Replicon Inc. Co-founder Lakshmi Raj has achieved a place on PROFIT magazine's annual ranking of Canada's Top Women Entrepreneurs. PROFIT W100's 6th annual ranking proves that women build not only thriving businesses, but growing businesses.

According to PROFIT magazine, "PROFIT W100 women are leveraging their unique strengths to build successful growing businesses across Canada. These go-getters have dared to dream big, and are determined to succeed their own way."

Ranking Canada's Top Women Entrepreneurs by the annual revenue of their firms, the PROFIT W100 profiles the country's most successful female business owners. With average annual sales of 27 million and average growth of 152% over the past three years, W100 companies are thriving in a competitive economy. Replicon itself has grown its revenues in excess of 250% for the last two years and profits by over 600%.

"I am thrilled to be included alongside such talented and inspirational women," said Ms. Raj. "Building a company from the ground up is exciting, but also immensely challenging. A huge part of Replicon's success comes from the outstanding contributions made by a truly dedicated team of employees." Since Ms. Raj co-founded the company in 1996, Replicon has expanded its total user base to over 750,000, with more than 1700 customers in 48 countries.

Replicon's Web TimeSheet(TM) helps organizations manage corporate productivity, streamline time and billing, and increase bottom-line revenues. Replicon's products are available for purchase and easy download at Replicon's web site at www.replicon.com.

About PROFIT

PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada's fastest-growing companies. Each year PROFIT--which currently reaches more than 467,000 readers nationally--hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada's first national magazine geared to entrepreneurs. Visit www.PROFITguide.com.

About Replicon

Founded in 1996, Replicon is the world leader in web-based time and expense management solutions, and the innovator in productivity software. Thanks to Replicon's flagship application Web TimeSheet, professional services organizations now have quantitative, real-time analysis of workforce productivity and a way to set meaningful productivity goals for employees that are tied directly to bottom line revenues. Replicon launched version 1.0 in 1998 and has grown revenues in excess of 250 percent for the last two years. Replicon has grown its total user base to more than 750,000 users in 48 countries today. For more information, visit www.replicon.com.