UGS Reports Q2 2005 Consolidated Revenue

UGS will host its second quarter 2005 earnings with securities analysts live on the Internet at 10:30 a.m. Central time, Thursday, August 11, 2005. Presentation slides will be posted on http://www.ugs.com at 8:00 a.m. Central time. See below for webcast/teleconference access information.

     TO LISTEN VIA STREAMING WEB AUDIO:
     URL: 
https://e-meetings.mci.com
     Conference Number: 4069339
     Passcode: UGS
     Note:  Pop-up blockers must be disabled.
     To join:
       *  Go to the URL listed above
       *  Select Join an Event from the Events tab
       *  Enter all requested registration information and follow instructions
          to proceed

     TO LISTEN VIA PHONE:
     Domestic and International: +1-517-268-4880
     Passcode: UGS

     TO VIEW THE ACCOMPANYING VISUAL PRESENTATION VIA NET CONFERENCE:
     
https://e-meetings.mci.com/nc/join.php?i=PA4069339&p=UGS&t=c
     Note: Participants who want to view the net conference are advised to
     visit 
http://www.mymeetings.com/updates/net-systemcheck.php?ver=2003 any
     time prior to the event to ensure their systems are properly configured.

     NET REPLAY:
     URL:  
https://e-meetings.mci.com/nc/join.php?i=PA4069339&p=UGS&t=r
     Note: The replay will be available approximately 60 minutes after the
     call concludes and the link will be live until Sept. 10, 2005.

    About UGS

UGS is a leading global provider of product lifecycle management (PLM) software and services with nearly 4 million licensed seats and 46,000 customers worldwide. Headquartered in Plano, Texas, UGS' vision is to enable a world where organizations and their partners collaborate through global innovation networks to deliver world-class products and services while leveraging UGS' open enterprise solutions, fulfilling the mission of enabling them to transform their process of innovation. For more information on UGS products and services, visit http://www.ugs.com .

Note: UGS and Teamcenter are registered trademarks of UGS Corp. or its subsidiaries in the United States and in other countries. Tecnomatix, JT2GO and Open Manufacturing Backbone are trademarks of UGS Corp. or its subsidiaries in the United States and in other countries. All other trademarks, registered trademarks or service marks belong to their respective holders.

The statements in this news release that are not historical statements, including statements regarding our business, results of operations expected financial performance and other statements identified by forward looking terms such as "may," "will," "expect," "plan," "anticipate" or "project," are forward-looking statements. These statements are subject to numerous risks and uncertainties which could cause actual results to differ materially from such statements, including, among others, risks relating to developments in the PLM industry, loss or downsizing of customers, competition, failure to innovate, international operations and exchange rate fluctuations, terrorist activities, acquisitions, changes in pricing models, intellectual property and losses of key employees. UGS has included a discussion of these and other pertinent risk factors in its registration statement on Form S-4 most recently filed with the SEC. UGS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Adjusted operating income represents operating income (loss) adjusted for amortization of acquisition related intangible assets, restructuring charges, and charges for in-process research and development. Adjusted operating income is not a recognized term under generally accepted accounting principles, or GAAP. Adjusted operating income does not represent operating income (loss), as that term is defined under GAAP, and should not be considered as an alternative to operating income (loss) as an indicator of our operating performance. We have included information concerning adjusted operating income because we use such information when evaluating operating income to better evaluate the underlying performance of the Company. Adjusted operating income as presented herein is not necessarily comparable to similarly titled measures. The following is a reconciliation between adjusted operating income and operating income (loss), the GAAP measure we believe to be most directly comparable to adjusted operating income (in thousands).


                                        Successor                Predecessor

                                                Period of         Period of
                               Three months    May 27, 2004     April 1, 2004
                                  ended          through           through
                              June 30, 2005   June 30, 2004      May 26, 2004
    Reconciliation of
     operating income (loss)
     to adjusted operating
     income:
    Operating income (loss)        $3,150        $(33,204)         $(4,441)
    Acquisition related
     intangible amortization       39,025          12,783            5,017
    Restructuring                   1,774             ---              ---
    In-process research and
     development                    4,100          50,819              ---
    Adjusted operating income     $48,049         $30,398             $576


EBITDA represents net income (loss) before interest expense, income taxes, depreciation and amortization. Adjusted EBITDA is defined as EBITDA further adjusted to give effect to certain items that are required in calculating covenant compliance under our senior secured credit facility entered into May 2004. Adjusted EBITDA is calculated by subtracting from or adding to EBITDA items of income or expense as described below. EBITDA and Adjusted EBITDA are not a recognized terms under generally accepted accounting principles, or GAAP. EBITDA and Adjusted EBITDA do not represent net income, as that term is defined under GAAP, and should not be considered as an alternative to net income as an indicator of our operating performance. Additionally, EBITDA and Adjusted EBITDA are not intended to be measures of free cash flow available for management or discretionary use as such measures do not consider certain cash requirements such as capital expenditures (including capitalized software expense), tax payments and debt service requirements. UGS Corp. considers EBITDA and Adjusted EBITDA to be key indicators of our ability to pay our debt. We have included information concerning EBITDA and Adjusted EBITDA because we use such information in determining compensation of our management and in our review of the performance of our business. EBITDA and Adjusted EBITDA as presented herein are not necessarily comparable to similarly titled measures. The following is a reconciliation of EBITDA and Adjusted EBITDA to net income (loss), the GAAP measure we believe to be most directly comparable to EBITDA and Adjusted EBITDA (in thousands).

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