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

To: DWEB IR who wrote (96)	3/2/1999 2:44:00 PM
From: DWEB IR	Read Replies (1) \| Respond to of 189

DynamicWeb Achieves Internet-to-EDI Transaction Volume Milestone Results Indicate Complementary Roles for Internet and EDI in Converged E-commerce Model FAIRFIELD, N.J.--(BUSINESS WIRE)--March 2, 1999-- DynamicWeb(tm) Enterprises Inc. (OTC Bulletin Board:DWEB - news), a developer of Internet electronic commerce and Electronic Data Interchange (EDI) business solutions, today announced that the Company processed over 25,000 transactions through its EDIxchangeBuy service in the month of February 1999. Also of significance is that the monthly volume is growing at a double digit rate. ''Although many so-called experts have declared EDI a dying technology, we have continuously maintained a position that EDI is the backbone of business-to-business e-commerce and that in the b-to-b space the most effective application for the Internet is as an easy-to-use, functionally robust complement to existing EDI programs. These results vindicate our position,'' said Steve Vanechanos, Jr., Chairman and Chief Executive Officer. ''The results also demonstrate that our strategy of using the Internet as a value-added layer on top of EDI, creates many winners and supporters of the strategy, beyond DynamicWeb. Our sponsoring hubs like Rite Aid (NYSE:RAD - news) save considerably as paper is converted to electronic; our ISP partner, Rocky Mountain Internet (NASDAQ:RMII - news) acquires new business customers; and the EDI VANs, like Harbinger (NASDAQ:HRBC - news) and Sterling Commerce (NYSE:SE - news), realize new transaction volume,'' Mr. Vanechanos added. 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. For additional information about DynamicWeb and its products or services visit the DynamicWeb home page at www.dynamicweb.com, send an e-mail to sales@dynamicweb.com or call 1-800-4-EDI-HELP. 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 Worldwide website at www.kcsa.com. Contact: DynamicWeb Enterprises, Inc., Fairfield Steve Vanechanos Jr., CEO (973) 244-1000 or KCSA, New York Robert Giordano/Joseph A. Mansi (212) 682-6300, ext. 289 / 205 Tuesday March 2, 1:58 pm Eastern Time Company Press Release 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)