The CorProfit System helps customers realise tangible benefits from their enterprise risk management program. CorProfit has more than 70 customers and has consulted in more than 50 implementations of its risk management software, KnowRisk®. Typical projects include managing large scale manufacturing and infrastructure projects, as well as implementing management programs for risk, compliance and assurance.

Gil Nafte, Chief Executive Officer of CorProfit commented, "We believe the combination of tighter regulations and increased corporate awareness will see the enterprise risk management market expand substantially in the months and years ahead. The time is right, and we are aggressively pursuing business development in global markets.

"We greatly appreciate the ongoing assistance of investors, including ADI in supporting our business expansion."

Mr Alan Milwidsky, Director of ADI added, "CorProfit is uniquely placed to capitalise on this emerging market, as one of the world's only enterprises providing practical methodologies for building an enterprise risk management system."

"We believe they are poised to become one of Australia's next international success stories and look forward to helping them - through ADI and our business services arm, Business Strategies International - fulfil their global potential."

CorProfit aims to raise a further $500K in fiscal 2006 to continue its global expansion.

Enterprise risk management (ERM) is the management of corporate-wide risks, supported by a business-wide framework that provides consistency in risk reporting. The benefits of implementing an ERM platform include consolidating different risk processes within the enterprise, enabling improved risk assessment of proposed projects and, ultimately, reduced exposure to operational risk.

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About Business Strategies International (BSI) and Australian Distributed Incubator (ADI)

Established in 1989, BSI is a leader in providing innovative and integrated business services for small to medium businesses through to large corporate enterprises. As an organisation, BSI have grown through their vision of "helping you grow" through business strategy, accessing government assistance and raising capital. BSI's wholly owned subsidiary, ADI is a BITs Incubator Fund helping talented entrepreneurs build leading technology companies. For further information, please visit www.bsi.com.au and www.adinc.com.au