Spescom Awarded Contract Worth Over $1 Million by Leading East Coast Utility Strong Demand for Company's eB Nuclear Software Suite Continues As Spescom Captures Estimated 15% Share of US Nuclear Market SAN DIEGO, Jan. 7 /PRNewswire-FirstCall/ -- Spescom Software Inc. (BULLETIN BOARD: ALTS) , a leading provider of content and configuration management solutions, today announced that it was awarded a contract valued at over $1 million by a leading US power utility. The contract is for an enterprise license for its eB Nuclear software suite, which provides an integrated platform for information management. As a result of the contract, Spescom estimates that approximately 15% of U.S. nuclear power plants have adopted the eB Nuclear product suite since its launch in 2002. "The utility selected eB Nuclear after an intensive competitive evaluation process because of its extensive document and records management capabilities as well as configuration management functionality," said Carl Mostert, Spescom Software's CEO. "This significant contract win is a further endorsement for our products and solutions, enhanced by our ability to rapidly implement and deploy our solutions. We are the first company in the Enterprise Content Management space that provides the ability to not only manage content in its various forms but also the 'things' -- or artifacts that the content relates to. This unique characteristic, together with our flexible process and change management capabilities, is allowing us to solve a variety of business problems in an innovative and effective manner. We are pleased that our vertical market focus and packaging of our solutions, as evidenced by our eB Nuclear offering, is proving successful and will continue to enhance our efforts in this regard." eB Nuclear enables nuclear operators to manage all the information regarding its plants throughout their life cycles and comply with regulatory standards such as the ANSI/NIRMA CM1.0 "Guidelines for the Configuration Management of Nuclear Plants" and the DOE-STD-1073-2003 on "Configuration Management". It facilitates business process fusion by enabling multiple applications and processes to be addressed in a single integrated environment resulting in improved information access and integrity, reduced operational and IT costs and enhanced safety and regulatory compliance. Based on eB, Spescom's powerful integrated document, configuration and records management platform, eB Nuclear enables operators to not only manage all types of documents e.g. procedures, drawings, vendor manuals, records, etc but also the systems, structures and components that these documents relate to. This results in a greatly enhanced ability to manage change as the impact of any change on both documents and/or equipment can be accurately determined prior to making the change and all approved changes can be effectively communicated to all parties and implemented. About Spescom Software Inc. Spescom Software (OTC:ALTS) (BULLETIN BOARD: ALTS) delivers information management solutions that capture, manage and control all enterprise content in context to the assets, products and processes that it relates to, resulting in improved customer satisfaction, productivity and safety. It achieves this through a tightly integrated suite of document, configuration and records management technologies, combined with a powerful workflow capability, that enables the identification of all critical enterprise information, the effective management of change and other business processes and the maintaining of records to ensure regulatory compliance. Key customers include Bechtel, Continental Express, AmerenUE, City of Dayton, Lloyds Register of Shipping, United Space Alliance, Entergy, Northeast Utilities, London Underground, Network Rail, and many others. About Spescom eB eB(R) is a registered trademark of Spescom Software Inc. eB comprises an extensive set of software components that together form the foundation for an extremely flexible and powerful information management platform. eB's components include: content/document management; requirements management; records management; item management; change management; configuration management and workflow. These components are tightly integrated with leading CAD, GIS, office and email applications to capture, store and view information. The full functionality of eB is available via a set of API's that enable the rapid definition and deployment of customer specific solutions and integration with other line-of-business applications including ERP, EAM, SCM and project management products. Except for historical information contained herein, the matters set forth in this release include forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, the effect of the company's accounting policies, potential seasonality and other risk factors detailed in the company's SEC filings. DATASOURCE: Spescom Software Inc. CONTACT: Carl Mostert, CEO, or John Low, CFO, +1-858-625-3000, both of Spescom; or Ken Sgro of CEOcast, Inc., +1-212-732-4300, ext. 224, for Spescom Web site: http://www.spescomsoftware.com/

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