Services

Pennant Systems will pursue both time-and-materials contracts and fixed-price contracts

• For time-and-materials contracts, Pennant will hire recent graduates with degrees in computer science from local universities. In the current employment market, well-educated, highly-marketable young developers are available to work at reasonable salaries. Pennant's officers will provide direction, advice, and programming assistance to help junior developers meet and exceed contractual requirements. Pennant's officers will pursue time-and-materials contracts that require development tools with which the officers have significant experience, and the officers will provide their continuing assistance without charge. This will enable the Company to bid time-and-materials contracts at lower hourly rates than the competition.
• For fixed-price contracts, Pennant's officers will perform the work themselves. They will pursue contracts for which their special skills and knowledge are of significant value. The officers will look for contracts that they believe they can complete more quickly than the competition. This will enable the Company to bid fixed-price contracts for lower total prices than the competition.

Key Features - Services

The key features of the services that Pennant will provide on time-and-materials and fixed-price contracts will be low cost and high quality. This will be made possible by the careful selection of contracts. Pennant will bid only:

• on time-and-materials contracts that involve development technologies with which the officers have significant experience, such as Oracle, C, C++, Unix, Windows, HTML, and JDBC
• on fixed-price contracts in industries for which the officers have developed similar applications before, such as environmental, scientific, data-flow, HR, payroll, and security applications

This will enable Pennant to provide:

• junior-level consultants at comparitively low hourly rates for time-and-materials contracts
• senior-level consultants (the officers themselves) for comparitively small numbers of hours for fixed-price contracts

This will also enable Pennant's officers to contribute samples of code similar to what they have written for their own products

Service Production

Services may be performed at client sites or remotely at the consultants' homes, as the clients prefer. The Company's officers will be available to clients at no cost for informal planning and review.

Pennant Systems operates without debt. The Company has been profitable since the day it was formed. Every dollar the Company earns goes toward its success.

The officers intend that the Company never have long-standing debt: that every debt will be incurred to assist in the Company's growth and that every debt will be paid promptly and as originally planned. The officers intend that the Company never go public: that it will remain an independent, efficient, honest, profitable force indefinitely for the development and marketing of excellent business software.

The officers of Pennant Systems believe that there will be an increasing demand for well-engineered software on Windows and Unix platforms indefinitely. The also believe that the demand for such software on Unix platforms will increase more rapidly after robust ODBC and ODBC-related products become available at reasonable prices. These products will help to make Unix a preferred choice for database and application servers for companies of all sizes. These products may help to make Linux and Solaris for Intel popular as alternatives to Windows for desktop systems.

Recent events in the software marketplace have proven the need for well-planned, well-engineered software products that fulfill distinct, long-established, continuing needs in industry. Pennant Systems plans to fulfill those needs.