Greetings to all of our friends.

We hope that 2005 was a good year for you! It's been a good year for
Lindersoft, filled with many exciting changes. We didn't accomplish some of
the goals we wanted, but we had a lot of fun. With a focus on customer
satisfaction and word-of-mouth advertising, Lindersoft has expanded its user
base. Word of mouth from existing customers continues to be our greatest
sales tool. I have every reason to believe that 2006 will be even better.

Lindersoft is a widely-recognized provider of Installation Authoring and
Configuration Management environments for developers and organizations
deploying applications to the Microsoft Windows Platform, including Windows
x64 and Windows Vista.

We work closely with many of the largest software developers and we have
formed OEM relationships with software development firms around the world.
Lindersoft products are used by individual developers to large corporations
not just in the IT sector but also in banking, insurance, finance,
manufacturing and defense where reliability is crucial.

Two-third of the Fortune Global 500 use applications powered by Lindersoft

In August, we released the Professional and Developer editions of
SetupBuilder 5. Our flagship installation tool offers web service
capabilities as well as all kinds of deployment configuration and management
capabilities. We also introduced support for the Microsoft® .NET framework
and native 64-bit installation support.

The SetupBuilder user base continues to increase rapidly. Today we are in
a better position than ever to continue our development work and produce
ground breaking installation systems meeting the current and future

It was another amazing year for our industry, filled with many exciting
changes. With all of the progress made in 2005, there is still much to be
done. You can expect continued innovation in the areas of installation
authoring and configuration management. We remain independent and
innovative. SetupBuilder gains a competitive foothold in the script based
installer and MSI market with InstallShield and Altiris.

Thank you for your continued support throughout the passing 2005!

We have plenty in store for the New Year -- outstanding new features,
technology upgrades and improvements. After all, constant innovation and
progress has always been the cornerstone of our business.

On behalf of the entire Lindersoft team I would like to wish you a
fantastic 2006 and abundance of happiness and prosperity.


Friedrich Linder
CEO, Lindersoft

"point. click. ship" - that's SetupBuilder 5