TOTVS Sets New Records: Net Revenue Reaches R$112.3 Million, EBITDA R$ 24.8 Million (+58.4%) and EBITDA Margin of 21.9% in the 9M07

SAO PAULO, Brazil, Nov. 7 /PRNewswire-FirstCall/ -- TOTVS S.A. (BOVESPA: TOTS3), the leader in developing and marketing enterprise application software and related services to small and medium-sized companies in Brazil and Latin America, today announces its results for the third quarter of 2007 (3Q07). The Company's consolidated financial statements are presented in accordance with Brazilian Corporate Law. To aid comparison, data is presented on a pro forma basis, as it includes the numbers of RM Sistemas S.A. since January 2006.

Highlights of the Period -- EBITDA touched a record R$24.800 million in the 3Q07, representing a growth of 58.4% in comparison with Adjusted EBITDA for the same period last year. Year-to-date EBITDA in the 9M07 reached R$70.492 million, which was the total for the whole of 2006. -- EBITDA Margin reached 22.1% in the 3Q07, an increase of 390 basis points in relation to the Adjusted EBITDA Margin of the 3Q06. -- Net Revenue from sales in the 3Q07 touched R$112.250 million, a growth of 18.9% over the same period in 2006 -- a new record. -- Revenue from License Fees reached a new quarterly record of R$29.464 million, a 12.8% jump over the 3Q06 value. -- 337 new software customers in the 3Q07, with the average sale value being 28.6% higher than in the same period of 2006. -- Revenue from Maintenance Services was a record R$51.496 million, an 18.0% growth year-on-year. -- Revenue from Services grew 22.5% year-on-year, reaching R$44.334 million, another record. -- Increase of 39.0% in TOTVS-BMI's 3Q07 revenues in relation to the 3Q06. Record quarter result of R$2.042 million. -- Adjusted Net Income reached R$50.242 million in the 9M07, a growth of 21.6% in comparison with the 9M06. Conference Calls: Thursday, November 8, 2007 > Portuguese 3:00 pm (Brasilia time) 12:00 pm (US ET) Telephone: [phone] Replay: [phone] Code: TOTVS Webcast: http://www.totvs.com.br/ri > English 1:30 pm (Brasilia time) 10:30 am (US ET) Tel.: [phone] Replay: [phone] Code: 9318684 Webcast: http://www.totvs.com.br/ir TOTVS S.A. - IR Tel.: [phone]