News Releases:

Release Date:  06/05/2006

Heading:  COADE repeatedly sets sales records.

Detail:  

COADE SETS 5th CONSECUTIVE ANNUAL SALES RECORD, WITH 30% INCREASE

President thanks customers for latest milestone.

 

HOUSTON, May 30, 2006 - COADE, Inc. announced today that the software company has achieved record sales revenue for the fiscal year ending March 31, 2006, the fifth consecutive year for which COADE has registered record sales revenue. The 30% increase in sales over the previous fiscal year reflects the continuing strength of the company's popular engineering software products including the CADWorx Plant Design Suite, CAESAR II for pipe stress analysis, PV Elite for pressure vessel design and evaluation and TANK for API 650 and 653 oil storage tank design and evaluation. During the most recent fiscal year, COADE also broke the monthly sales record three times, in May, September, and January.

Thomas J. Van Laan, PE, COADE's president, acknowledged those truly responsible for the latest achievement. "I would like to thank our customers not only for making our five consecutive years of record sales possible but also for our 19 sales records out of the last 20 years. We have continued to try to provide leading-edge CAD and CAE software products in order to make our customers' lives easier and more productive, and this seems to be an affirmation that we have been successful in doing just that," Van Laan stated. "This growth benefits not only us as a company, but also our worldwide user base, as this ensures that the company retains the long-term resources necessary to continue delivering what they want and need now and in the future."

 The company makes a habit of marking monthly sales records with celebrations at some of Houston's leading restaurants and entertainment venues or in luxury suites at Houston major league sporting events such as Rockets basketball, Texans football and Astros baseball. Some of the more notable recent record sales months were celebrated by taking the employees on 4-day excursions to Jamaica, the Caribbean and Mexico.

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About COADE, Inc.

COADE, Inc. is one of the world's leading providers of engineering and design software for cross-discipline information sharing and interoperability. Company products include CAESAR II, the world's most popular pipe stress analysis software; PV Elite and CodeCalc, pressure vessel and component design and analysis software programs; CADWorx, an integrated suite for process plant design; and TANK, comprehensive engineering software for designing and analyzing oil storage tanks according to the latest API codes. COADE, CAESAR II, CADWorx, PV Elite, CodeCalc and TANK are registered trademarks or trademarks of COADE, Inc. For more information, visit www.coade.com.



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