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To: vagabond who wrote (20626)	10/31/2000 8:38:47 AM
From: vagabond	Read Replies (2) \| Respond to of 49816

EXEE reports earnings, achieves profitability two quarters ahead of projections (profit of .01/share beat estimates of .01/share loss)... ==================== Tuesday October 31, 6:03 am Eastern Time EXE Achieves Profitability and Record Revenue for Third Quarter 2000; Improved Results Driven by Newest Versions of its EXceed Product Suite DALLAS--(BUSINESS WIRE)--Oct. 31, 2000--EXE Technologies, Inc. (Nasdaq: EXEE - news), a leading provider of supply chain execution software, today announced that revenue growth from the newest versions of its EXceed product suite drove record revenue and net income for the third quarter ended September 30, 2000. ``This quarter represents a significant milestone for EXE as we surpassed our goal of $10 million in quarterly software license revenue and turned the corner to profitability, two quarters ahead of our initial expectations,'' said Ray Hood, president and CEO, EXE Technologies. Revenue for the third quarter of 2000 reached $30.6 million, an increase of 37% over the same period last year and 9% over the second quarter of 2000. Software license revenue grew 50% to $10.2 million from $6.8 million for the third quarter last year. This increase was driven by an 82% increase in software license revenue for the Company's newest versions of its EXceed product suite. Software license revenue from these products was $8.9 million in the third quarter, up from $4.9 million a year earlier. Total revenue from these products, including both software license revenue and services and maintenance revenue, was $19.2 million for the third quarter, an increase of 78% from the third quarter of 1999. Earnings before interest, taxes, depreciation and amortization (EBITDA) and including the expense attributable to non-cash warrant and stock compensation was $3.0 million (see Note A) for the third quarter compared to an EBITDA loss of $6.5 million for the same period last year. Operating income was $0.7 million versus an operating loss of $8.8 million for the third quarter last year. The Company reported net income of $0.5 million, or $0.01 per share (diluted), compared to a net loss of $9.5 million, or $(0.59) per share (diluted) for the third quarter ended September 30, 1999. For the nine months ended September 30, 2000 revenue was $84.1 million, an increase of 19% over the same period last year. Software license revenue grew 54% to $26.8 million from $17.4 million for the nine months ended September 30, 1999. This increase was driven by a 106% increase in software license revenues for the Company's newest versions of its EXceed product suite. Software license revenue from these products was $23.4 million for the first nine months of 2000, up from $11.3 million a year earlier. Total revenue, from these products including both software license revenue and services and maintenance revenue, was $51.3 million for the nine months, an increase of 87% from the first nine months of 1999. The Company reported a net loss of $5.0 million, or $(0.23) per share (diluted) for the nine months ended September 30, 2000 compared to a net loss of $23.0 million, or $(1.43) per share (diluted), for the same period last year. Per share figures for the third quarter of 2000 and first nine months of 2000 reflect higher weighted average shares outstanding as a result of the Company's initial public offering in August 2000. ``Software license revenue growth came from all of our target verticals, especially third-party logistics and retail, and we achieved excellent growth both domestically and in the Asia Pacific region. Clearly our investments in sales infrastructure in Asia Pacific are paying great dividends for us,'' Ray Hood continued. ``Our strong performance underscores the benefits that EXE is delivering to more and more companies as they transform their warehousing functions from repositories of inventory to value-added fulfillment centers that enhance revenue generation.'' Highlights of the third quarter include: New Customers Wins - EXE added new customers during the quarter in the 3PL, retail, manufacturing and e-commerce verticals including Finish Line, IBM Canada and Cheil Jedang Global Logistics Service. Significant Add-On Business - EXE received repeat orders from several customers to expand traditional distribution into ecommerce delivery models, including Brookshire Grocery and Grocery Gateway in Canada. Solid Financial Position - EXE raised approximately $64 million in net proceeds in an initial public offering and retired $16.8 million of long-term debt. At September 30, cash and cash equivalents stood at $59.2 million. Completed Implementations - EXE completed a number of implementations for new and existing customers including Whole Foods, DSL and Publix. Outside the United States, significant implementations included Maruwa (Japan) and Samsung (Korea). Expanding Strategic Relationships - EXE extended its strategic relationship with i2 Technologies, Inc. to provide a combined fulfillment solution for e-tailers and click and mortar Internet marketplaces under i2's TradeMatrix(TM) Fulfill solution. The companies first partnered in 1998 to jointly resell and develop each other's supply chain products. Conference Call Information Investors are invited to listen to a live webcast of the conference call at 9:00 a.m., eastern daylight time, today through the investor relations section of the EXE web site, www.exe.com. To listen to the live call, please go to the web site at least fifteen minutes early to download, and install any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. Investors may also listen to a telephone replay of the conference call by dialing 800-633-8284, Reservation #16622074, starting at 11:00AM EDT today until 5:00PM EDT on November 7th. About EXE Technologies, Inc. EXE Technologies, Inc. is a leading provider of fulfillment, warehousing and distribution software for e-commerce and traditional distribution channels. EXE's software allows companies to use the Internet and traditional communication methods to efficiently manage and control the flow of inventory throughout the supply chain. Companies use EXE's software to reduce distribution costs and increase customer loyalty and satisfaction. EXE provides global service and support for its software from established facilities in North America, Europe, the Middle East, Asia and Australia. For more information about EXE Technologies, Inc., call (214) 775-6000 or visit www.exe.com. EXE Technologies, EXE and EXceed are trademarks, registered trademarks or service marks of EXE Technologies, Inc. in the United States and/or other countries. All other trademarks or service marks contained herein are the properties of their respective owners.

To: vagabond who wrote (20626)	10/31/2000 8:42:17 AM
From: vagabond	Respond to of 49816

Semi-interesting MFNX news... =================== Tuesday October 31, 7:30 am Eastern Time Metromedia Fiber Network to Provide Optical IP Infrastructure for Philadelphia's First Commercial 'Smart Building' -- University City Science Center's Port of Technology Facility To Offer Tenant Companies Access to Virtually Unlimited Bandwidth NEW YORK--(BUSINESS WIRE)--Oct. 31, 2000-- Metromedia Fiber Network, Inc. (MFN) (Nasdaq:MFNX - news), the leader in deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, has signed an agreement to provide optical infrastructure to The University City Science Center in Philadelphia for its new, state-of-the-art, Port of Technology Building at 3701 Market Street. The Port of Technology Building is the first building in Philadelphia to be constructed without a lead tenant in almost 10 years. But even without a lead tenant, the building was 90 percent leased before construction was completed in July. The Port of Technology Building is designed to attract and retain high-tech companies in Philadelphia and serve as a conduit between research-rich industries such as biotechnology, information technology and pharmaceuticals, in addition to academia and state and local governments. It will be the city's first commercial facility to provide fiber-optic infrastructure for virtually unlimited bandwidth to the desktop. This eight-story, ``smart'' building has 145,000 square feet of office and wet lab space for high-tech tenants, and is part of the Science Center's 17-acre research park. The lead tenant, the Port of Technology incubator, offers space and business development services for 20 emerging IT and biotech companies. The balance of space has been leased to established technology-related companies. ``The ability to tap into an advanced fiber-optic network is not a luxury, but rather a necessity in the fast-paced IT sector,'' said Jill R. Felix, president and chief executive officer of the University City Science Center. ``The increased bandwidth and scalability of the MFN infrastructure are powerful and necessary tools for the high-tech players that are making history within the walls of this building.'' ``Through this agreement, companies in the Port of Technology Building will have access to unshared, fully scalable bandwidth that will allow them to develop and deploy the fastest, most advanced IP applications,'' said Nick Tanzi, president and chief operating officer for Metromedia Fiber Network. ``It's appropriate that a city so rich in history also serves as the home for such a pioneering, technological facility.'' About The University City Science Center Headquartered in Philadelphia, the University City Science Center was established in 1963 and is owned by a consortium of 30 academic and research institutions. As the nation's first and largest urban research park, the Science Center has assisted in the development of nearly 300 companies. The Port of Technology is the Science Center's full-service business accelerator, which currently incubates 20 IT and biotech startups. The Science Center is achieving its mission to create regional wealth by growing the entrepreneurial community in Philadelphia. For more information, please visit the Web site at www.ucsc.org. About Metromedia Fiber Network, Inc. Metromedia Fiber Network, Inc., the leading provider of end-to-end optical network solutions, is revolutionizing the fiber-optic industry. By offering virtually unlimited, unmetered bandwidth at a fixed cost, Metromedia Fiber Network is eliminating the bandwidth barrier and redefining the way broadband capacity is sold. Metromedia Fiber Network is extending metropolitan fiber-optic infrastructure to the end-user in strategic top-tier markets, enabling its customers to implement the latest data, video, Internet and multimedia applications. In addition to its current expansion in 51 cities in North America, Metromedia Fiber Network is establishing an international presence with planned fiber-optic network builds in 16 cities throughout Europe. For more information about Metromedia Fiber Network, please visit the company's Web site at www.mmfn.com. Together with its subsidiaries, AboveNet Communications, Inc., a leading provider of Internet connectivity and co-location solutions for high-bandwidth and business-critical applications, and PAIX.net, Inc., the leading neutral Internet exchange, Metromedia Fiber Network is unleashing the full potential of the Internet. The combined company facilitates the explosive growth of e-commerce and advanced Internet applications by delivering secure, reliable and scalable optical networks and IP services to Internet content and service providers, carriers and enterprise users worldwide. AboveNet is the architect of the Internet Service Exchange (ISX), a world-class network that provides co-location services and Internet connectivity for content providers, ISPs and application service providers. With its Tier 1 status and ISO 9002 certification, AboveNet is seeking to serve the global community of the Internet. For more information on AboveNet's service offering call 800/475-2733 or visit the company's Web site at www.above.net. AboveNet, Internet Service Exchange, ISX, and AboveNet One-Hop Network are trademarks of AboveNet Communications, Inc. All other company or brand names may be trademarks of the respective companies with which they are associated.