(15 August 2005, Chicago)

IFS announced today that three IFS customers are among the winners of the 2005 Technology & Business (T&B) Awards, hosted by Start magazine and sponsored by IBM. The awards recognize end-user companies and their visions for implementing technology to solve business challenges. The IFS customers receiving awards are: Heaven Hill Distilleries, Inc., Bardstown, Ky. in the Food and Beverage category; Todd Pacific Shipyards Corp., Seattle in the transportation group; and Hunter Paine Enterprises, LLC, Pittsburg, California was given the Editor's Choice award.

Representatives of all three companies were on hand to accept the awards at the T&B Awards ceremony, held Aug. 11 at the Hard Rock Hotel in Chicago. Colin Proudfoot, chief financial officer of Hunter Paine, was one of four award winners chosen to speak at a half-day conference preceding the ceremony. Proudfoot told the audience how Hunter Paine, a startup manufacturer of wood replacement products, implemented a complete IT system quickly and cost effectively using a hosted enterprise solution from IFS and IBM.

Heaven Hill, the largest independent, family-owned marketer and producer of distilled spirits in the United States, received the award for the efficiencies it has achieved since implementing IFS Applications business software. Finished goods inventory has gone down by as much as 20 percent, and order lead time has decreased by 30 percent as a result of the improved planning and operational capabilities that the new system provides.

Todd Pacific, which is engaged in the repair, overhaul, conversion, and construction of military and commercial vessels, received the award for the innovative use of its IFS enterprise system to improve the efficiency of financial processes, reduce inventory, achieve Defense Contract Audit Agency (DCAA) certification, and deploy an integrated wireless network to improve collaboration among employees working in more than 50 buildings.

Detailed information about the awards will appear in the T&B Awards supplement in the October issue of Start magazine.

About Heaven Hill Distilleries, Inc.
Heaven Hill Distilleries, Inc., of Bardstown, Kentucky, is the largest independent, family-owned marketer and producer of distilled spirits in the United States. The company is the second-largest holder of Kentucky bourbon whiskey in the world, with more than 675,000 barrels aging in its warehouses. Heaven Hill's diversified portfolio includes such well-known names as The Christian Brothers Brandy, Evan Williams Kentucky Straight Bourbon Whiskey, Whaler's Rum, Burnett's Gin and Vodka, and Dubonnet Aperitif. The company's newest brand is HPNOTIQ Liqueur, an imported drink that combines vodka, cognac, and fruit juices.

About Todd Pacific Shipyards Corp.
Seattle-based Todd Pacific Shipyards Corp. is engaged in the repair, overhaul, conversion, and construction of military and commercial vessels. Its customers include the U.S. Navy, the U.S. Coast Guard, the Washington State Ferry system, and other government units, in addition to cruise ships, U.S. flag cargo carries, fishing boats, tankers, tugs, and barges. In addition, projects that require fabrication and specialized construction knowledge, such as building the caissons for the Tacoma Narrows Bridge consortium, are undertaken. Todd has operated a shipyard in Seattle since 1916 and currently employs more than 950 people. For more information, visit www.toddpacific.com.

About Hunter Paine Enterprises
Hunter Paine Enterprises, LLC, is a privately held company committed to developing innovative, cost-effective, and patented technologies that will be used as replacements for wood in commercial and industrial applications. The company's first product offering is Lexite, a structurally superior wood replacement composite lumber. Launched initially in the transportation and logistics industry, Lexite will be used to build pallets and to supply replacement boards for pallets. Made from recycled post consumer waste including scrap tires, Lexite is 100 percent reusable and recyclable. Hunter Paine is committed to providing traditional businesses with sustainable, ecological, and pollution-free products. The company's headquarters and manufacturing operations are located in Pittsburg, California. For more information, visit www.hunterpaine.comor call the company's Public Relations Department directly at (800) 850-4396.

About IFS and IFS Applications
IFS develops and supplies component-based business applications for medium and large enterprises and organizations. IFS Applications, which can be implemented step by step, is based on web and portal technology. The solution offers 60+ enterprise application components used in manufacturing, supply chain management, customer relationship management, service provision, financials, product development, maintenance and human resource administration. IFS offers customers an easier, more open alternative.

IFS is a leading global business applications supplier with sales in 45 countries and more than 350,000 users worldwide. The company is listed on the Stockholm Stock Exchange (XSSE: IFS).

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IFS Applications is a trademark of IFS Industrial and Financial Systems. All other referenced company or product names are trademarks or registered trademarks of their respective owners.

For additional information, contact:
Chris Jensen, President, Jensen Market Relations
Phone: +1 714 847 7846
E-mail: chris@jensenmarket.com

(source: http://www.ifsworld.com/us/news_events/)