Journyx CEO To Speak On Mastering Project Costs And Product Profitability In LIve Webinar

Along with Donaldson Company Executive, CEO Provides Tips on Achieving Excellence in Project Estimation Capabilities

AUSTIN, TEXAS (May 5, 2005) – Curt Finch, CEO of Journyx, will participate in a live Webinar titled “Mastering Project Costs & Product Profitability” along with Tim Bethke, director of engineering at Donaldson Company (NYSE: DCI), on Tuesday, May 17, 2005. Attendees will learn best practices for project cost and time management to maximize product profitability. To register, go to http://www.ide.com/newsite/webinar_info.asp?id=4033303.

The Webinar is sponsored by IDe, a leading provider of software solutions for integrated development in the product portfolio management market. Journyx, the leader in Web-based time and expense tracking solutions that automate invoicing, payroll and project management, provides a time management module to the IDeWeb software suite. This enables IDe customers to quickly and easily capture and understand the impact of labor costs on their product portfolio. Donaldson Company, Inc., a leading worldwide provider of filtration systems and replacement parts, uses the IDeWeb/Journyx software to improve product portfolios and reduce product time to market.

About the Session:

Date: Tuesday, May 17, 2005
Time: 12:00 – 1:30 p.m. EDT

Attendees will gain an overview of best practices for project cost and time management to maximize product profitability. Attendees can apply these principles to gain strategic advantage by:
Achieving excellence in project estimation capabilities
Driving increased profitability for products and portfolios
Identifying and reducing hidden costs in new product development
Rapidly aligning resources with project priorities to realize new market opportunities

About the Presenters:

Tim Bethke has more than 25 years of engineering experience at Donaldson. The Technology Services Group provides testing services to Donaldson's Business Units. Bethke is responsible for further implementation and integration of IDeWeb into Donaldson's business processes. He also supports intellectual property efforts for a number of Donaldson's Business Units.

Curt Finch is a software industry veteran. In 1997, Curt created the world's first Internet-based timesheet application and the foundation for the current Journyx product offering. Curt has managed development teams creating enterprise-level software solutions since 1985, with a focus on distributed workforce management. Curt has a B.S. in Computer Science from Virginia Tech.

About IDe

IDe (www.ide.com) is the leading provider of software solutions for integrated development in the product portfolio management market. IDe’s IDeWeb software automates and integrates business decision-making to align corporate and business strategy and planning, program execution, and operational excellence for best-in-class companies worldwide.

About Donaldson Company, Inc.

Donaldson Company, Inc. is a leading worldwide provider of filtration systems and replacement parts. Founded in 1915, Donaldson is a technology-driven company committed to satisfying customer needs for filtration solutions through innovative research and development. Donaldson serves customers in the industrial and engine markets including contamination control in fluid power systems, bulk fuel and lube filtration, in-plant air cleaning, compressed air and gas purification, power generation, disk drive and microelectronics filtration, off-road equipment and trucks. Our 10,000 employees contribute to the company's success at over 30 manufacturing locations around the world. Donaldson is a member of the S&P MidCap 400 Index and Donaldson shares are traded on the New York Stock Exchange under the symbol DCI. Additional company information is available at www.donaldson.com.

About Journyx Timesheet

Journyx Timesheet is a timesheet and expense management solution for the entire enterprise. Organizations can automate management of employee timesheets and expenses for project control, customer invoicing, and payroll processing with Journyx Timesheet. They can also easily integrate Timesheet into their existing systems, leveraging its patented technologies, open architecture and support for standards like XML and SOAP.

About Journyx, Inc.

Journyx (www.journyx.com) is fundamentally transforming how people do their daily jobs by automating labor-intensive, paper-based processes with a superior, Web-based solution. Founded in 1996, Journyx provides Web-based workforce management software and services. Journyx has more than 10,000 customers, including IBM, American Airlines, GE, and Schlumberger, in 66 countries worldwide, representing more than one million employees using Journyx software. Journyx solutions are available both on an application service provider (ASP) and a standard license basis. For more information, contact the Journyx marketing department at (512) 834-8888 or info@journyx.com.

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