MELBOURNE, AUSTRALIA - January 17, 2008 "“ looksoftware announced today that it has offset its carbon emissions with Carbonfund.org, a leading carbon offset organization. looksoftware has offset all its corporate emissions and those of its employees on work-related domestic and international travel. This commitment places looksoftware as an environmental leader in the IT and Software Modernization community and demonstrates proactive steps being taken in the fight against global climate change.

looksoftware's stakeholders are rightly concerned about global warming. Considering the implications of climate change, carbon offsets through Carbonfund.org are a natural extension of the work looksoftware does on behalf of its stakeholders.

"The possibility of carbon offsets had been evident for some time, and like all responsible corporate citizens, we were keen to do something. But the actual means of participating in such a scheme had eluded us," said Jim Milligan, Director of Operations. "Through further research, we found Carbonfund.org, which had a simple, easy-to-access method of assisting us with our plans."

looksoftware provides its clients with a sophisticated toolset that enables them to modernize, web-enable and extend the functionality of their existing core IT assets and legacy applications without necessarily having to modify a single line of code. This critical ability to quickly and easily reuse existing software, instead of throwing it out and starting again, is a key benefit to any organization and can save many thousands of hours of redevelopment time and corresponding cost. "In fact," Milligan said, "We have developed our own Reuse/Recycle logo to emphasize not only the business benefit, but also the real contribution it makes to reducing the organization's emissions through more efficient means of software development and enhancement."

"As looksoftware demonstrates, the concepts of recycling and reusing can be applied to a variety of scenarios, including software," said Eric Carlson, Executive Director of Carbonfund.org. "Recycling and reusing will always be an important means of mitigating our environmental impact. Certified carbon emissions reductions and offsets are just as important, and with this partnership looksoftware proves their commitment to hastening the transition to a clean energy future."

About looksoftware

looksoftware, headquartered in Melbourne, Australia is an Advanced IBM Partner and Microsoft Certified Business Partner, providing easy-to-use, powerful tools to web-enable, reuse, extend and integrate core applications. looksoftware is a member of the IBM Developer Roadmap and the Midrange Alliance Program. With over 2,000 customers in 45 countries, looksoftware's products are distributed via a global network of 120 resellers and ISV partners. www.looksoftware.com

About Carbonfund.org

Carbonfund.org is a leading carbon reduction and offset organization, making it easy and affordable for individuals, businesses and organizations to reduce their climate impact. Carbon offsets enable individuals and businesses to reduce carbon dioxide emissions they are responsible for in their everyday lives by investing in renewable energy, energy efficiency and reforestation projects where they are most cost effective. Carbonfund.org works with over 300 corporate and non-profit partners including Discovery, Volkswagen, Dell, Orbitz, Environmental Defense, and Lancome.

Carbonfund.org

Carbonfund.org

Carbonfund.org (www.carbonfund.org) reduces the threat of climate change by making it easy and affordable for any individual or business to reduce their carbon footprint and support climate-friendly projects. With its easy-to-use calculator, low offset cost per ton of CO2, and certified offset projects, Carbonfund.org is proving that anyone can reduce their impact on climate change easily and efficiently. Carbonfund.org is a nationally recognized 501(c)(3) nonprofit business, and a member of the EPA's Green Power Network, the Chicago Climate Exchange, and Ceres. Carbonfree and "Reduce what you can, offset what you can't" are trademarks of the Carbonfund.org Foundation.

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