Contracting and Trading Co. "The C.A.T. Group" Invests in Hard Dollar Project Cost Management Software

SCOTTSDALE, AZ and BEIRUT, LEBANON -- (MARKET WIRE) -- Jun 01, 2009 -- Hard Dollar Corporation, the category creator and leader in Project Cost Management systems announced that through the Hard Dollar Reseller "Collaboration Management and Control Solutions (CMCS)," international industry leader "The Contracting and Trading C.A.T. Group of Companies," has selected the Hard Dollar solution to provide 5D-BIM project controls throughout its global operations.

The C.A.T. Group, number 95 on the ENR Top 225 International Contracting firms list, is a highly recognized and respected provider of services to the infrastructure, commercial, oil & gas and pipeline industries throughout the Middle East. The C.A.T. Group operates with over 16,000 employees in Lebanon, Nigeria, Saudi Arabia, Qatar, Algeria, UAE and Bahrain.

The C.A.T. Group selected Hard Dollar Project Cost Management to achieve the following business objectives:

--  Consolidate take-off and Microsoft Excel data files into a centralized
    structured system, creating a centralized database to improve accuracy and
    reduce the time required to respond to customer pricing requests.
--  Establish project cost baselines to measure performance and
    profitability.
--  Gain "Oneness" interoperability between take-off, Microsoft Excel,
    estimating cost, and Primavera scheduling to accurately model cash flow and
    earned value reporting.
--  Gain real-time production control and productivity reporting from
    project sites around the globe.
--  Provide detailed project portfolio visibility and reporting to Project
    and Senior Management to review cost and productivity by project, across
    projects, regionally or globally.
    

"The C.A.T. Group recognized that investing in a fully integrated 5D-BIM Project Cost Management system would strengthen our competitive advantage to respond and report to our Customers. We expect the Hard Dollar solution to deliver a rapid and substantial ROI. We also believe that our investment in advanced technology will continue to enhance our ability to recruit and retain the very best employee talent in the industry, something that the C.A.T. Group is very well known for." Stated Mr. Georges A. Daher, Board Member and Chief Administration Officer of the C.A.T. Group.

The C.A.T Group is well recognized throughout the Middle East as one of the oldest and most progressive and successful Construction firms.

"We are honored to have the C.A.T. Group become the first customer under the Hard Dollar Authorized Reseller Partner program that we began in early 2008. CMCS is the leading provider of software and services to project driven enterprises throughout the Middle East and will be a key partner in ensuring that the C.A.T. Group maximizes their return from Hard Dollars Project Cost Management software," stated Doug Nicholas, CEO Hard Dollar Corporation.

About the C.A.T. Group

Established in Haifa in 1937 and in Lebanon in 1943, the originally founded Lebanese Contracting And Trading Company "C.A.T." experienced both the sufferings and aspirations of the tumultuous area. Founder Emile Boustani was joined by partners, Abdallah Khoury and Shukri Shammas, to form a company of the same name and with the same corporate emblem -- the well-known black cat. The C.A.T. Group is a leading general contractor providing integrated procurement and construction services for pipelines, mechanical, heavy civil, infra-structural and building projects. The C.A.T. Group has been for a long time certified ISO 9001:2000 and OHSAS 18001:1999 and is a prominent member of IPLOCA (International Pipeline and Offshore Contractors Association). Visit www.catgroup.net

About Hard Dollar Corporation

Founded in 1989, Hard Dollar Corporation is the world's leading provider of Project Cost Management systems for Owners and Contractors. The comprehensive software is designed specifically to manage the rigorous and ever-changing demands of enterprise-scale projects to maximize profits and control costs. The company's patented technology is the only functional, single-view solution on the market offering: real-time, multi-user collaboration through the managed interaction of resources, cost, escalation, cash flow, earned value reporting, and scheduling from either Microsoft or Primavera throughout the entire life of the project.

Hard Dollar systems have been used to construct over $1 trillion in capital projects. For more information on the company or its products, visit www.harddollar.com.

About CMCS

CMCS' comprehensive range of PM services includes professional consultancy, organizational PM maturity assessment (OPM3), PM office setup and rollout, development of integrated PM methodology and procedures, and Earned Value Management System solutions, among others. The company's clients are mainly from the engineering and construction, power, energy and process, high technology and telecommunication, and public and government sectors, visit www.cmcs.ae.

Media Contact:
Ron Babich
Hard Dollar
480-776-2934

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