To: DWEB IR who wrote (98 ) 3/4/1999 11:00:00 AM From: DWEB IR Respond to of 189
Patent No. 5,884,309 Issued to DynamicWeb for "Order Entry System for Internet" FAIRFIELD, N.J.--(BUSINESS WIRE)--March 4, 1999--DynamicWeb(TM) Enterprises Inc. (OTC BB: DWEB) a developer of Internet electronic commerce and Electronic Data Interchange(EDI) business solutions, announced today it has been notified by the U.S. Patent Office that Patent No. 5,884,309 will be issued on March 16, 1999 for its ''Order Entry System for Internet.'' In commenting on the approval, Steve Vanechanos, Chief Executive Officer of DynamicWeb, said, ''This patent is the result of our pioneering work in the field of Internet transaction facilitation, dating back to 1995. As business-to-business E-commerce players like VerticalNet (NASDAQ: VERT - news) attempt to migrate their revenue models from advertising to transaction fees, the significance of our patented 'Order Entry System for Internet' can only grow.'' 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 and Rite Aid Corporation (NYSE: RAD - news). DynamicWeb also provides EDIxchange, a complete turnkey EDI outsourcing service EDIxchange 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., Fairfield Steve Vanechanos Jr., CEO (973) 244-1000 or KCSA Worldwide, New York Robert Giordano/Joseph A. Mansi (212)682-6300, ext. 289/205 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).