HANDYTRAC LAUNCHES GENERATION EIGHT OF ITS KEY CONTROL SYSTEM

Software Enhancement Allows Company To Enter New Categories Outside Traditional Multi-Housing Industry.

BRADENTON, FL., December, 2001 - HandyTrac, the leading key management and control system in the multi-housing industry, announced today that it has launched "Generation Eight" of its computerized key management system.

"With our Generation Eight product, we addressed the ongoing needs of our current customers who wanted added flexibility and key tracking functions. These functions are used to document and track the reason (function) why the key was taken out of the cabinet. The new software enhancement permits the user to change these codes to functions pertaining to their specific business."

"Any industry that utilizes keys in their daily lives are in the same boat as the multi-housing industry," states Lie-Nielsen. "Companies that use inadequate key storage equipment and tracking systems stand a much greater chance of litigation or theft. With our computerized key control system, those factors are dramatically reduced. In fact, our system usually pays for itself in about a year."

HandyTrac Systems, Inc. is a leading supplier of computerized key control systems to the multi-housing industry. The company has regional service / training centers in Atlanta, Dallas and Bradenton, FL with additional centers in Phoenix, Chicago, San Francisco and Washington planned.

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