BUISNESS-TO-BUSINESS ACCELERATOR WINGSPRING ANNOUNCES FIRST STRATEGIC INVESTMENT

RedKnife Inc. to Begin Operations at Wingspring's State-of-the-Art Incubator and Technology Center

PALO ALTO, CA (March 1, 2000) — Wingspring, a business-to-business "springboard" that accelerates early-stage Internet ventures, today announced its funding of a new ASP hub that integrates trading communities.

The first of an estimated eight partner companies to take advantage of Wingspring's incubation services by year's end, RedKnife Inc. provides trading community integration, transaction processing services, and trading community services. In addition to an investment in RedKnife, Wingspring will incubate the company at its newly opened state-of-the-art Incubator and Technology Center in Pleasanton, CA.

"RedKnife is poised for tremendous success in the business-to-business marketplace," said Jack Herndon, Co-founder and Vice President of Business Development. "Wingspring will help accelerate that success by combining a bold new concept with unparalleled experience and strategic execution."

Wingspring's concept is much more than a traditional incubator because it allows partner companies to "hit the ground running" by providing financial, operations and facilities experts to help bulldoze through legal incorporation, banking relationships, and office infrastructure. Wingspring assists in business plan development; the forging of a positive revenue model; hiring a world-class team; and development of a strong marketing program.

RedKnife is an integration "hub," allowing clients to integrate only once. The company then integrates with each partner in the trading community, eliminating this chore for the client. This accelerates trading community development, enabling communities to form more quickly than using traditional integration methods. RedKnife provides a non-invasive, end-to-end solution, nearly eliminating the need for any additional trading partner integration.

RedKnife translates trading partner catalog and transaction data into any format, including popular XML, EDI, and other formats. The company provides order processing, logistics management, and catalog aggregation service to trading communities.

About Wingspring

Wingspring is a Palo Alto-based "springboard" for new business-to-business Internet ventures. Founded in January 2000 by five Silicon Valley entrepreneurs, Wingspring combines early stage investment with in-depth experience to accelerate business development and market success. Wingspring's team of Internet and e-commerce professionals offer support in all areas of business development, helping entrepreneurs develop a sustainable business model; create a powerful financial plan; develop scalable technology; create a strategic marketing program; recruit top talent; and, in general, optimize all opportunities facing a start-up business. Wingspring's state-of-the-art Incubator and Technology Center is located in Pleasanton, California.

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