London, UK (July 20, 2005) — OutlookSoft Corporation, the leading provider of unified corporate performance management solutions based on the Microsoft Business Intelligence platform, today announced that Fitness First, the world’s largest international health club operator, has selected the OutlookSoft Corporate Performance Management™ (CPM) solution to manage its group-wide financial and operation consolidation, reporting, and analysis. The software, with an expected roll-out timeframe of just 45 days, will initially be used to consolidate and analyse financial information from business units across 15 countries worldwide.

As a result of its rapid growth, Fitness First determined it required a next-generation CPM solution that could guarantee the accuracy, consistency, and transparency of its financial and operational data. The company also needed a solution capable of providing a comprehensive, unified view of financial operations across the group on a global scale, and one which could be rolled-out quickly and without process disruption. Following an in-depth evaluation and proof of concept, Fitness First selected the OutlookSoft CPM solution to meet its business requirements.

“Once we had surveyed the market, OutlookSoft became the obvious choice,” said Colin Waggett, CFO for Fitness First. “This was due to a range of factors including the solution’s ability to manage both financial and operational data, its unified Microsoft-based architecture, and features like real-time, web-based access and deep integration with Microsoft Excel.”

Other key reasons cited by Fitness First for selecting OutlookSoft CPM over competitive solutions included: Ease of use and implementation, data centralization and process unification, real-time accessibility, better visibility and transparency, and group-wide scalability.

“OutlookSoft will increase the visibility and clarity of our information and play an essential role in allowing us to spend more time on analysis, business planning and forecasting,” said Nathan Moore, group accountant for Fitness First. “Moreover, the system promises the benefits of minimal disruption to our business during implementation, and since it is web-based, the solution can be accessed from anywhere in the world at any time.”

In addition to the product itself, OutlookSoft from a company perspective proved a key purchasing factor for Fitness First. “The knowledge and experience of the OutlookSoft team, in addition to the strength of the overall solution, further weighed in our buying decision to go with OutlookSoft CPM,” continued Waggett. “OutlookSoft clearly understood our business requirements and delivered on a solution that not only met, but exceeded our expectations.”

Richard Hawksworth, managing director of OutlookSoft UK and Ireland said, “Fitness First is a good example of a fast growing company outstripping the capabilities of its systems. With OutlookSoft CPM, they can now unify operational and financial information and provide answers more effectively than ever before. The ability to make better decisions, based on the accuracy and consistency of the given data, will yield Fitness First a significant sector advantage that underlines its status as a market leader in health and fitness.”

About Fitness First

Fitness First is the largest international health club operator in the world with over 400 clubs in fifteen countries. Worldwide over 1 million people choose to work out at Fitness First, with 350,000 of these based in the UK.

A high quality service at an affordable price is what members can expect from a Fitness First club. All adults, regardless of shape, size or age have an opportunity to improve their fitness in a relaxed, fun and non-intimidating environment. All staff at Fitness First are affiliated to the Register of Exercise Professionals (REPs) and are, therefore, highly qualified to help members achieve their individual health and fitness goals.

Visit http://www.fitnessfirst.co.uk for further information.

About OutlookSoft Corporation

Headquartered in Stamford, Conn., OutlookSoft Corp. is a leading provider of unified, real-time corporate performance management (CPM) solutions. The company's web-based CPM solution provides a single application for strategic planning, budgeting, forecasting, statutory and management consolidation, reporting, analysis, predictive analytics, scorecarding, and dashboards. OutlookSoft includes a patented, enterprise-class version of Microsoft Office Excel, the de facto industry standard for financial and operational planning, analysis and reporting.

OutlookSoft has offices throughout North America, Europe, the Middle East, Africa, Australia and Asia Pacific, to serve multinational customers across diverse industry segments. OutlookSoft is a Microsoft Gold Certified Partner for Business Intelligence.

Visit http://www.outlooksoft.com or call (203) 964-3100 (US) or +44 208 940 7555 (UK) for further information.

OutlookSoft is a registered trademark of OutlookSoft Corporation All other brand or product names are trademarks of their respective companies.

Special Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” relating to, without limitation, future economic performance, plans and objectives of OutlookSoft Corporation for future operations and projections of revenue and other financial items that are based on the beliefs of, assumptions made by and information currently available to OutlookSoft Corporation. The words “expect,” “estimate,” “anticipate,” “believe,” “intend,” “plan” and similar expressions and variations thereof are intended to identify forward-looking statements. The cautionary statements in this press release identify important factors with respect to such forward-looking statements, including certain risks and uncertainties, which could cause actual results to differ materially from those expressed in or implied by such forward-looking statements.

OutlookSoft Corporation
203-964-3100
info@outlooksoft.com

Waggener Edstrom (for OutlookSoft Corporation)
Jenny Krentzman, 617-663-4829
jennyk@wagged.com