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Technology Stocks : DYNAMIC WEB (DWEB) -- Ignore unavailable to you. Want to Upgrade?

To: David Fiorito who wrote (92)	2/22/1999 6:11:00 PM
From: DWEB IR	Read Replies (2) \| Respond to of 189

DynamicWeb Secures New Round of Financing Receives Commitment for $1.5 Million FAIRFIELD, N.J.--(BUSINESS WIRE)--Feb. 22, 1999-- DynamicWeb(TM) Enterprises, Inc. (OTC BB:DWEB), a developer of Internet electronic commerce and Electronic Data Interchange (EDI) business solutions, announced today that it has received a commitment from the Shaar Fund for $1,500,000 in new financing in a private placement. Trautman Kramer & Company, Inc. served as the placement agent on the transaction. The Shaar Fund was a recent investor in ImaginOn, Inc. (NASDAQ: IMON - news). Trautman Kramer & Co. recently acted as placement agent for Virtual Technology Corp. (OTC BB:VTCO) and provided investment banking services for Shopping.com (OTC BB:IBUY) relating to their sale to Compaq Computer Corporation (NYSE:CPQ - news). Located in Fairfield, NJ, DynamicWeb Enterprises, Inc. is a leading provider of Internet services and software for enabling business-to-business electronic commerce. DynamicWeb's EDIxchangeBuy provides an Internet-based electronic commerce solution for Fortune 1000 companies that expands EDI participation and compliance with their suppliers, including such companies as Southern New England Telephone (NYSE: SBC - news), GTE Supply (NYSE: GTE - news) and Rite Aid Corporation (NYSE: RAD - news). DynamicWeb also provides EDIxchangeOutsource, a complete turnkey EDI outsourcing service. EDIxchangeOutsource customers include Russ Berrie (NYSE: RUS - news) and Church & Dwight Co., Inc. (NYSE: CHD - news). This press release contains forward-looking statements. All such statements involve risks and uncertainties, including, without limitation, the risks detailed in DynamicWeb's filings and reports with the securities and Exchange Commission. Such statements are only predictions and actual events or results may differ materially. This release is available on the KCSA Public Relations Worldwide website at www.kcsa.com. Contact: DynamicWeb Enterprises, Inc. Steve Vanechanos Jr., Chairman and CEO 973/244-1000 or KCSA Worldwide Robert Giordano/ Joseph A. Mansi 212/682-6300, ext. 289/205 rgiordano@kcsa.com/jmansi@kcsa.com www.kcsa.com DWEB IR is the official voice of DWEB. In fact DWEB IR is the Investor Relations Department of DynamicWeb Enterprises, Inc. Additionally, this is not an offer to sell or a solicitation to buy DynamicWeb securities. For additional information, see the Company's periodic SEC filings which can be found at www.sec.gov (edgar data base).