CONTACT INFORMATION

Cogsdale Corporation
www.cogsdale.com
Wendy Bernard
wbernard@cogsdale.com

Charlottetown, PE., November 16, 2006 - Cogsdale Corporation announced today that it ranked Number 210 on Deloitte’s 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001 – 2005. Cogsdale Corporation grew 750 percent during this period.

Cogsdale Corporation’s CEO Duncan Shaw credits great staff and a simple plan with the company’s 750 percent revenue growth from 2001 – 2005. He said, “We’ve always had a very clear vision of delivering systems to local governments and utilities that deliver the best of Microsoft Dynamics GP, the leading financial and operational software in the market, with the specific functionality that these customers require. Since we have relied on a direct sales model, we’ve developed a very detailed understanding of what these customers require today and in the future. We’ve taken this information and built a great team to deliver our system to clients domestically and internationally. That’s been the basis of our growth.”

“To be successful in today’s increasingly competitive landscape, companies have to be better, smarter, and more innovative than in the past, and the Technology Fast 500 companies are doing exactly that,” said Tony Kern, deputy managing principal of Deloitte’s Technology, Media & Telecommunications industry practice. “We applaud Cogsdale Corporation for being among the fastest growing technology companies in North America.”

In addition to ranking on Deloitte’s Technology Fast 500, Cogsdale Corporation ranked 31 on the Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Canada.

Overall, companies that ranked on the 2006 Technology Fast 500 had growth rates ranging from 210 to 48,948 percent over five years, with an average growth rate of 2,147 percent.

Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2001 to 2005.

Entrants must own proprietary intellectual property of proprietary technology that contributes to a significant portion of the company’s operating revenues or devote a significant portion of revenues to research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.

About Cogsdale Corporation
Cogsdale Corporation is a leading provider of service-oriented business solutions to local governments and utilities. The Cogsdale approach, “Systems Without Boundaries” incorporates all the functionality necessary for the day-to-day operations of local government organizations. One integrated Microsoft Dynamics GP based system provides financials, distribution, project accounting, permit and license management, customer information and utility billing.

Cogsdale Corporation has received recognition from Microsoft for outstanding customer commitment and sales achievement and has been named to the Microsoft Business Solutions President’s Club. Cogsdale is also a Microsoft Gold Certified Partner and has maintained the status for the past several years.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers service in four professional areas, audit, tax, consulting and financial advisory services, and serves more than one-half of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.

As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms have any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names.

In the United States, Deloitte & Touche USA LLP is the U.S. member firm on Deloitte Touche Tohmatsu and services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP. The subsidiaries of the U.S. member firm are among the nation’s leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 40,000 people in more than 90 cities. Known as employers of choice for innovative human resources programs, they are dedicated to helping their clients and their people excel.

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