Press Releases

FOR IMMEDIATE RELEASE

ToolHound™ Releases New ToolHound Desktop 3.1 Software

September 19, 2006 – Ottawa, ON Canada. ToolHound™, the leading supplier of tool and equipment management systems, is proud to announce the release of the new ToolHound Desktop 3.1 software.

ToolHound Desktop is a powerful yet cost-effective tool and equipment management system that is well suited to smaller operations managing a single storage location. The system allows construction, maintenance and repair organizations to gain control of their tools, equipment, parts and consumables inventory using a comprehensive asset, location and employee database, coupled with a simple and accurate bar code identification and transaction system.

“ToolHound Desktop helps companies maximize tool and equipment utilization and improve productivity by ensuring the right tool is in the right place when it is needed”, says John Rae, Sales Manager for ToolHound. “Also, the simple ToolHound issue and return process helps make employees and contractors accountable for the tools that they borrow, resulting in reduced theft, loss and hoarding on the job site. This ultimately translates into savings and a better bottom line.”

For more information on ToolHound Desktop as well as other ToolHound products and services, contact ToolHound at 1-800-367-8665, or visit www.toolhound.com.

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About ToolHound

ToolHound helps companies maximize tool and equipment utilization and improve productivity by ensuring the right tool is in the right place when it is needed. Using a comprehensive tool, location and employee database, coupled with a simple and accurate bar code identification and transaction system, ToolHound tracks the issue and return of assets to contractors and employees, and the transfer of assets between various warehouse, jobsite and tool room locations. Since 1985, ToolHound systems have been deployed in companies of all sizes across a variety of industries including construction, power generation, chemical processing, mining, and jobsite tool and equipment services.