ProSoft Technology® Mourns the Loss of Doug Sharratt, President and Founder, and Announces His Successor, New President and CEO, Gary Joke.

BAKERSFIELD, Calif., July 22, 2008

On July 16, 2008, the President of ProSoft Technology, Inc., Douglas Sharratt, lost his life in a plane crash in Sunriver, Oregon. Sharratt was the pilot and only person on board the plane.

In accordance with Doug Sharratt's succession plan and effective immediately, the current Chief Financial Officer for ProSoft Technology, Gary Joke, has assumed his new position as the President and CEO for the company. ProSoft Technology's current management team is unanimously supportive of Gary's new role and look forward to working with him on the strategic plans and growth strategy already set into motion for ProSoft Technology.

Sharratt made an incredibly important contribution to the automation industry. He was the architect of the first embedded Modbus communication device allowing disparate PLCs to communicate. This had a profound effect on the automation industry and resulted in partnerships with technology giants like Rockwell Automation and Schneider Electric.

Although Sharratt's loss will be felt in the multitude of lives he touched both personally and professionally, the passion he instilled in those he gathered around him will live on at ProSoft Technology.

For further media related information, please contact Andreas Somogyi, Managing Director Global Marketing for ProSoft Technology.

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