COADE Names Monçores Business Development Chief for South America

HOUSTON, February 23, 2006 – COADE announced today that Paulo has joined the engineering software company to oversee its business development efforts and network of dealers in South and Central America. In this new position at COADE, Monçores will focus on further development of the company’s sales in the region, including Argentina, Bolivia, Brazil, Chile, Peru and Venezuela.

COADE President, Thomas J. Van Laan, P.E., provided the company’s perspective for the region. “COADE has had a strong presence in Central and South American countries for over 15 years, a region where we still see major potential for continued growth of our mechanical engineering and CAD software,” explained Van Laan. “We see Paulo, with his deep knowledge of IT solutions and proven background in sales management, as a great match to guide implementation of our strategy in this important region of the world.”

Monçores brings to COADE over 19 years of experience in business development, product management and marketing in information technology (IT) products and services. His past experience includes Business Development Manager for Grupo ASSA, a leading IT and business consulting firm in Latin America; Senior Account Manager with Grupo TBA, the leading Microsoft Certified Partner in Brazil; and Product Manager E-Commerce for Sofhar Tecnologia, an established Brazilian company specializing in computer products and IT services. Monçores has marketed products from companies such as Siebel, Peoplesoft, Microsoft, Adobe, Macromedia, Symantec, Oracle and Citrix and worked on IT projects for such names as Kraft Foods, Electrolux and Philip Morris.

He earned a Bachelor of Science in Electrical Engineering from Federal Center of Technological Education, Parana State, Brazil, and a Bachelor of Business Management and a graduate degree in Corporate Marketing from Federal University of Parana State, Brazil.

COADE, Inc. is a world leader in engineering and design software for cross-discipline information sharing and interoperability. Company products include CAESAR II, the world's most popular pipe stress analysis software; PVElite and CodeCalc, pressure vessel and component design and analysis software programs; CADWorx, an integrated suite for process plant design; and TANK, comprehensive engineering software for designing and analyzing oil storage tanks according to the latest API codes.

COADE, CAESAR II, CADWorx, PVElite, CodeCalc and TANK are registered trademarks or trademarks of COADE, Inc.

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