MOBI Sky-Mobi Limited ADS (MM)

Innovative application of Audit and Balancing System enables compliant financial reporting at the lowest cost RYE, N.Y., Oct. 19 /PRNewswire-FirstCall/ -- Mobius Management Systems, Inc. (NASDAQ:MOBI), a leading provider of integrated solutions for enterprise archiving and records management, will exhibit at the IIA (Institute of Internal Auditors) All Star Conference to be held at Caesars Palace, in Las Vegas, Nevada on October 23-25. The IIA, an international professional association with more than 122,000 members, is recognized worldwide as the internal audit profession's leader in certification, education, research, and technological guidance. Mobius will showcase its ABS for Spreadsheet Compliance solution, which mitigates risk and eases the burden of regulatory compliance by centralizing and managing the lifecycle of enterprise spreadsheets. Sarbanes-Oxley legislation and increased corporate governance scrutiny have heightened awareness of the dangers posed by the widespread usage of spreadsheets. Despite the risks, virtually every organization recognizes that spreadsheets will continue to be the primary instrument for developing financial reports and for many other accounting, analytical modeling, operations management and transactional applications with varying degrees of complexity. ABS for Spreadsheet Compliance provides a single automated system for data import, secure access, version control, auditing, collaborative review and approval, and retention management. It reduces the costs of eliminating errors and restores confidence in financial reporting by ensuring that spreadsheets are properly controlled, accessed and managed. IIA All Star attendees who visit the Mobius booth will see first-hand how easy it is to deploy and use ABS for Spreadsheet Compliance and how it improves efficiency wherever spreadsheets are used in the enterprise. "Errors can be either accidental or malicious," said Garth Landers, Mobius director of compliance solutions, "but with the right controls and tools in place, a business can create an audit trail that quickly exposes issues and dramatically reduces the risk of inaccurate reporting. ABS for Spreadsheet Compliance is a vital component of any organization's strategy to deploy systematic controls that improve the integrity of critical corporate data." About Mobius Mobius Management Systems, Inc. ( http://www.mobius.com/ ) is the leading provider of integrated solutions for enterprise content archiving and records management. The company's comprehensive software suite integrates content across disparate repositories, supports regulatory compliance, and provides content-enabled applications that automate business processes. Mobius solutions have achieved industry-wide recognition for breadth of functionality, breadth of supported formats, and high-volume, high-demand performance. The Mobius customer base is made up of leading companies across all industries, including more than sixty percent of the Fortune 100. The company, founded in 1981, is headquartered in Rye, New York, with sales offices in the U.S., Canada, the United Kingdom, France, Germany, Italy, Sweden, the Netherlands, Switzerland, Australia and Japan, as well as a network of agents in Central and South America, Europe, Middle East, Africa and Asia. Statements contained in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties. In particular, any statements contained herein regarding expectations with respect to future sales and profitability, as well as product development and/or introductions, are subject to known and unknown risks, uncertainties and contingencies, many of which are beyond the company's control, which may cause actual results, performance or achievements to differ materially from those projected or implied in such forward-looking statements. Important factors that might affect actual results, performance or achievements include, among other things, market acceptance of Mobius' products, ability to manage expenses, fluctuations in period to period results, seasonality, uncertainty of future operating results, compliance with the Sarbanes-Oxley Act, long and unpredictable sales cycles, technological change, extended payment risk, product concentration, competition, international sales and operations, expansion of indirect channels, increased investment in professional services, protection of intellectual property, dependence on licensed technology, risk of product defects, product liability, management of growth, dependence on executive management, other key employees and subcontractors, concerns about transaction security on the Internet, changes in accounting for employee stock options, general conditions in the economy and the impact of recently enacted or proposed regulations. These risks and uncertainties are described in detail from time to time in Mobius' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, filed on September 11, 2006, and its Quarterly Reports on Form 10-Q. Mobius accepts no obligation to update these forward-looking statements and does not intend to do so. ViewDirect is a registered trademark of Mobius Management Systems, Inc. All other trademarks are property of their respective owners. DATASOURCE: Mobius Management Systems, Inc. CONTACT: Abby Pinard of Mobius Management Systems, +1-914-921-7323, , or Media Relations, Erika Hoeft of Ruder-Finn, +1-312-329-3913, Web site: http://www.mobius.com/

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