Also from Techserve, Inc.: ************************** PFPRO (tm) - Professional Portfolio Software PFPRO provides portfolio and client management for brokers, investment managers and other financial professionals. Portfolio management features include transaction accounting, portfolio valuation, ROI computation, tax lot assignment, tax estimation and portfolio reporting. Virtually all portfolio transactions and security types are supported, as are independent sub-accounts (e.g. "cash" & "margin"). PFPRO also computes available margin, portfolio management fees as well as both credit and debit interest on portfolio free balances. Portfolio pricing may be done manually or automa- tically from Dow Jones News/Retrieval Service, Compuserve, Warner or GEnie. PFPRO's Client module provides immediate access to any account client in a fashion similar to many mainframe based systems. Account records provide account identification information and additionally provides information vital to serving the client and generating business. From the account record a clients' portfolio may be accessed to enter transactions, view portfolio positions or print reports. Alternatively, PFPRO's Trade module may be accessed to record orders and execution of trades. At day's end order and trade confirmations may then be printed for mailing and client portfolios updated to reflect the day's trades. PFPRO productivity features include generation of screened phone lists, allocation of block trades, batch generation of client statements, automatic tax lot assignment and security distribution updates, as well as support of multiple printers. A "Smart Terminal" communications mode also provides convenient access to on-line data bases for reviewing and downloading of financial data and news. IBM PC, XT, AT, PS/2 or compatible, 512K RAM DOS 2.0/higher or OS/2. $695 ******* CAPTOOL! (tm) Investment Software CAPTOOL (tm) integrates Techserve's portfolio management, stock/bond evaluation and data acquisition technology into a single powerful package for computerized investors. In its portfolio mode, CAPTOOL incorporates an enhanced version of the popular PFROI portfolio management system. This system enables users to track portfolio and security return on investment while managing multiple portfolios. Virtually all security types and transactions are supported, including stocks, bonds, options, C.D.'s, mutual funds, as well as depreciable assets such as rental properties and partnership interests. Estimated taxes are computed using user configurable tax rates to support after-tax ROI computation and tax planning. CAPTOOL portfolio valuations may be performed daily using either manual or automatic pricing (Dow Jones, Compuserve, Warner, Genie, others). Position records include cost bases, unrealized gains and diversification information. Up to 64 valuations may be stored for later recall for review and/or price updating. CAPTOOL return on investment is computed both before and after taxes using the internal rate of return method. ROI may be computed for individual securities, entire portfolios, or even groups of portfolios. ROI results include portfolio beta versus any of three user selected stock indices. CAPTOOL generates over ten portfolio reports which may be directed to either printer or text file. Reports include a configurable "client statement" as well as valuation graphics and income reports useful for year-end tax preparation. CAPTOOL account records facilitate easy handling of multiple portfolios including batch generation of valuations and reports. "Auto-dial" plus "screenable" label generation and mail merge from these records facilitate use for prospecting and client support by the investment professional. CAPTOOL has no software limit on number of securities or portfolios handled. In its investment mode, CAPTOOL incorporates the BONDPRO (tm) and STOCKPAR (tm) security evaluation systems. BONDPRO computes bond yield to call and yield to maturity, taking into account tax rates, commissions, accrued interest, as well as call premiums, coupon rates, and payment dates. A side-by-side, two-bond format facilitates comparison of bond swap candidates. STOCKPAR generates a bracketed "par" stock valuation using risk adjusted discounted cash flow similar to the capital asset pricing model. STOCKPAR's input consists of historical corporate financial data, beta, risk factors, plus a "risk-free" discount rate. Future corporate financial results may be automatically forecast from the data or manually forecast prior to computing "par" valuation. Both BONDPRO and STOCKPAR handle multiple securities, limited only by system storage capacity. BONDPRO and STOCKPAR output may be sent to printer or directed to a text file for incorporation in memos to clients. CAPTOOL includes numerous help screens and comes with demo data files and 100+ page printed user manual which provide examples to help in getting started. CAPTOOL is not copy protected and is backed by a 45 day money-back guarantee. IBM PC, XT, AT, PS/2 or compatible, 256K RAM DOS 2.0/higher or OS/2. * Portfolio Management * Multiple portfolio support * Batch valuations and reports * Before/after tax ROI (IRR method) * Over ten printed reports * Screen/printer graphics (CGA/Hercules) * Portfolio beta computation * User configurable tax rates * FIFO, avg. or assigned tax lots * Commission tracking * Communications * 300/1200 baud modem * Automatic dial/logon * Automatic pricing from Dow Jones, Compuserve, Warner & others * "Smart Terminal" mode for data and news retrieval * Stock Evaluation * Capital asset pricing model * Adjustable risk factors * Automatic or manual cash flow f/c * Multiples stocks, to 350/floppy * Bond Evaluation * Yield to call, yield to maturity * Includes taxes, commissions, accrued interest * Bond swap net present value * Multiple bonds, to 1000/floppy * Client Support/Prospecting * Account records screenable by security held * Auto Dial, memo merge, labels * Configurable client statements ******* Pricing (License, diskette (printed manual if included)): PFPRO - $695 PFPRO Demo - $ 9 CAPTOOL - $ 79 (with printed manual, discount on shareware order form) BONDPRO - $ 30 STOCKPAR - $ 30 PFROI - $ 30 (registered, discount on shareware order form) PFROI - $ 9 (shareware version) (Add $3 for shipping & handling, $15 S&H for PFPRO, plus $2 for 3 1/2" disk) (Outside North America double S&H) French versions of CAPTOOL, PFROI, BONDPRO & STOCKPAR are available. Persons who wish to translate program text into other languages, particularly Spanish and German should contact Techserve, Inc. For more information or to order contact: TECHSERVE Inc., P.O. Box 70056, Bellevue, WA 98007 or Telephone : (206) 747 5598 / (800) 826 8082 (Check, VISA or Mastercard accepted) Purchase Terms : Purchase of disks containing software described here licenses purchaser to use software and make multiple backup copies provided only one copy is used at any one time. Demo versions may be copied and transferred provided unaltered and copyright displayed. Software contained on diskettes purchased is provided "as is". Purchasers should ascertain to their own satisfaction that software produces acceptable results and performs to expectations. If not satisfied, purchasers who have purchased direct from Techserve, inc. may return diskettes and manuals (if included) in original condition to Techserve, inc. within guarantee period for refund of purchase price. Refund excludes shipping & handling charges, is subject to 10% restocking charge and voids user license. Prices are subject to change without prior notice. Checks, VISA, and MasterCard are accepted. **** Dealers **** Write (do not phone) Techserve, inc., P.O. Box 70056, Bellevue, WA 98007 for information on reselling registered copies of PFROI, CAPTOOL and/or PFPRO.