Retail Industry News

CALGARY AB - February 10, 2009 - Evoco Inc., a leader in online program management software for real estate owners and commercial developers, announced today the retirement of John Eddy, CEO. Over the past six years, John has led Evoco to a ten-fold increase in revenues and the company being recognized as a leader in its market. Mr. Eddy’s retirement follows the 2008 promotion of Alice Reimer to President. "It has been rewarding to lead the company through such exceptional growth. As President, Alice Reimer has mobilized the entire Evoco team in growing our client base, rounding out our product portfolio, and expanding the executive team," said John Eddy. "I have full confidence in Alice leading the organization and continuing our past success." John will continue to support Evoco as CFO for the next 6 months to ensure a smooth transition and remain a Director on the Board. Brian Craig, Chairman of the Board, will take on the role of Executive Chairman. "John has prepared Evoco for significant growth by focusing on financial performance and execution. On behalf of the Board and the rest of the Evoco team, I'd like to thank him for his leadership and contribution," said Brian Craig, Executive Chairman. "Over the last decade, Evoco has created a strong brand, launched innovative products, earned the business of market leaders, and become well-known for our client service," said Alice Reimer, President. "Looking ahead, Evoco’s expanded product portfolio will open up new opportunities across the entire real estate lifecycle, in current and new markets. I look forward to leading the company at such an exciting time." About Evoco Established in 1999, Evoco Inc. is a leading provider of project and program management software for the retail, restaurant, and hospitality industries, as well as commercial and residential developers. Its flagship product - Evoco Workspace - is an easy-to-use, web-based solution trusted by more than 25,000 users in companies of all sizes, from the world’s largest retailers and their stakeholders, to local developers. Evoco Workspace customers experience streamlined and standardized communications, substantial cost savings, and faster project delivery. To learn more about Evoco and Evoco Workspace, visit www.evoco.com