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Los Angeles, CA -- 29 June 2004 -- Counterpoint Systems today announced the release of Pelican ProFiles® VII suite of contract, license and royalty management products. The new version reaffirms Counterpoint’s position as the world’s leading provider of administrative software solutions for all aspects of rights management and royalties.

"Counterpoint Systems is pleased to announce the availability of this new version," said Amos Biegun, CEO of Counterpoint Systems. "ProFiles VII is designed to enhance user productivity and deliver new levels of business intelligence to management. Features in this version directly correlate to suggestions defined from our clients."

Among the many new features of ProFiles VII is an enhanced user interface, numerous workflow shortcuts and additions to contract management capabilities. ProFiles VII offers more sophisticated linking of licensed-in and licensed-out contracts, more stringent contract validations and a new seventh dimension of license and royalty tracking based on internal business divisions.

The system’s long-standing features of detailed audit trails and itemized security profiles maintain its Sarbanes-Oxley compliance. Also included are streamlined posting processes, enhanced interfaces between contract management and accounting functions, expanded reporting capabilities, new special-case processing for non-standard contracts and a host of additional functional improvements.