News Release

Fred Owen named President of Management Information Tools, Inc.

SEATTLE, WA, January 12, 2006  - Software visionary and company founder Pat Gilbrough has announced the promotion of Fred Owen to President of Management Information Tools, Inc.

Pat Gilbrough, who will continue on as board chairman, said “Fred joined Management Information Tools early in its history, became a partner, and has been instrumental in its growth and development. It was during this time that we brought the MITS product line to the forefront of the Advanced Reporting and Business Intelligence market. Because of his proven track record of successful business management, his appointment as President is the next logical step both for him and for the leadership of the company”.

“Since its inception in 1996, our company has evolved and matured as have the products that we offer. I am delighted that Fred has accepted the opportunity to apply the same skills and talent used to build our support, service, and product organizations to the company as a whole”, Gilbrough continued.

Owen’s prior experience includes business management in retail, manufacturing, credit and collections and job-shop processing. He brings relevant experience in software engineering and system development in many areas including both operations and finance.

“I am honored to have the opportunity to lead the next phase of our company’s growth. Building on a proven product offering, and moving forward with an outstanding staff, Management Information Tools is well-positioned to continue to offer the products, services and training that our customers need to fully realize the value of their company’s core information” says Owen.

Owen continued: “With a substantial base of installed customers and new, innovative products in the pipeline, Management Information Tools is a very exciting company with which I am proud to be associated. I look forward to working closely with our business partners and staff to continue to exceed our customer’s expectations.”


About Management Information Tools, Inc.
Management Information Tools, Inc. developer of the renowned MITS OLAP Business Intelligence system, (now known as “MITS Discover”), is the leading developer of Advanced Reporting and Business Intelligence. Founded in 1996 and headquartered in Seattle, Washington, its products are used by thousands of organizations, resellers and systems integrators worldwide. MITS products are firmly entrenched in a wide range of business areas, including manufacturing, distribution, retail sales and services, education, government, healthcare, insurance as well as many other industries.
 


   
 
 
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