To: DWEB IR who wrote (140 ) 4/14/1999 11:12:00 AM From: DWEB IR Read Replies (2) | Respond to of 189
BancBoston Robertson Stephens Includes DynamicWeb in "Virtual Bricks," Latest Electronic Commerce Research Report Report Called "Users Guide for Internet and Electronic Commerce Infrastructure Strategies, Services, and Companies Defining the New Millenium" FAIRFIELD, N.J.--(BUSINESS WIRE)--April 14, 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 is one of only 51 publicly traded commerce service providers (CSPs) included in the latest BancBoston Robertson Stephens Electronic Commerce Research Report titled ''Virtual Bricks'' (April 2, 1999). The report, authored by Senior Internet and Electronic Commerce Analyst Rick Juarez, is a further articulation of BancBoston Robertson Stephens' view of the unfolding E-commerce infrastructure market. It is a follow-on to an August 1998 report, ''State of the Internet and Commerce Service Provider Market'', that introduced the concept of CSPs and ''how these companies were paving the foundation for the explosive growth of the Internet and electronic commerce.'' The most recent report, reiterates many of the same themes, but identifies a market shift in emphasis from business-to-consumer to business-to-business E-commerce, ''Over the past 12 months, the market has focused great attention on the business-to-consumer market. The market has recognized and rewarded the growth potential of stocks such as Amazon (NASDAQ: AMZN - news), Yahoo (NASDAQ: YHOO - news) and Excite (NASDAQ: XCIT - news) as they have executed their business plans. However, we believe that revenues from business to business electronic commerce may dwarf these revenues. IDC (International Data Corporation) estimates that by the year 2000 business-to-consumer revenues will reach $50 billion while business-to-business revenues will soar to more than $250 billion ... We believe early CSPs investors will be rewarded as the market applies a similar valuation to companies focused on serving the larger business to business market.'' A partial list of other companies mentioned in the report are Exodus (NASDAQ: EXDS - news), Globix (NASDAQ: GBIX - news), Verio (NASDAQ: VRIO - news) and Rocky Mountain Internet (NASDAQ: RMII - news). About DynamicWeb Enterprises 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. DynamicWeb's EDIxchangeBuy customers include Southern New England Telephone (NYSE:SBC - news), Rite Aid Corporation (NYSE:RAD - news), GTE Supply (NYSE:GTE - news), and Service Merchandise (NYSE:SME - news). DynamicWeb also provides EDIxchangeOutsource, a complete turnkey EDI outsourcing service. 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 and prior releases are available on the KCSA Public Relations Worldwide website at www.kcsa.com. Contact: DynamicWeb(TM) Enterprises, Fairfield Steve Vanechanos Jr., CEO (973) 244 1000 KCSA, New York Joseph A. Mansi / Robert Giordano (212)682-6300, ext. 205 / 289 DISCLAIMER: 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).