360Commerce Doubles Revenue in 2001; Despite Market Downturn Retail Software Vendor Sees Stellar Year.

Business Editors and High-Tech Writers

AUSTIN, Texas--(BUSINESS WIRE)--Jan. 9, 2002

360Commerce, a leading Java(tm)-based software vendor, announced today that despite the gloomy retail outlook and poor economy in 2001, it has met its goal of doubling revenue for the 2001 fiscal year.

Last year was a tough one for retail technology vendors, with many falling well short of financial projections and still others closing their doors altogether. Also hard hit by the slowing economy were retailers, with many posting less-than-favorable figures for the 2001 fiscal year. 360Commerce is a technology vendor whose customer base is made up of large retailers. Despite the challenging climate, 360Commerce stayed on target with their financial and strategic plans for the year.

"We are very fortunate to have gone into 2001 with incredible momentum," said Christine Lowry, Chief Marketing Officer of 360Commerce. "If your target audience understands your offering and you are answering a strategic business need, that can carry you through the tough economic times."

In 2001, 360Commerce saw a 108% increase over 2000 revenue figures. Signing deals with major retail players, such as Circuit City, Burlington Coat Factory and K-B Toys, and the successful roll-out of major projects with retail giant The Home Depot and at Apple's first retail stores continued to put the spotlight on 360Commerce throughout the year.

"We continually hear from analysts covering the retail technology segments that our software solution speaks directly to the issues retailers are dealing with right now, as well as the key business drivers they predict will influence technology purchase decisions in the future," said Jerry Rightmer, Chief Technology Officer of 360Commerce. "Reports have shown that technology budgets have been reduced somewhat due to the economic slowdown, but when you are talking about technology that can have a direct impact on your bottom line through increased profits, reduced costs and a quicker time-to-market, retailers cannot afford to be behind the curve. We have found that priorities have simply been re-evaluated and technology budgets have focused on projects that provide ROI and achieve specific business goals."

About 360Commerce

With more store systems customers than any other software vendor in the Java market, 360Commerce's proven solutions enable retailers to capture and leverage real-time operational intelligence across the enterprise to optimize store profitability. Leading multi-channel retailers on 360Commerce's customer list include Apple, Burlington Coat Factory, Circuit City, Cole National, The Home Depot, and K-B Toys. 360Commerce's products include 360Store(tm) cross-channel Point-of-Sale, wireless mobile POS, browser-based Back-Office, Gift Registry, and 360Enterprise(tm) Central Office. Written entirely in Java and built on a unique architecture, 360Commerce's applications have inherent real-time and cost-effective integration capabilities and the flexibility to run anywhere and be easily customized. For more information, visit 360Commerce's Web site at www.360Commerce.com.

Trademarks: 360Commerce, 360Store, and 360Enterprise are trademarks of 360Commerce Inc. Java is a trademark of Sun Microsystems Inc.

NOTE: In the company name "K-B Toys," the hyphen should be a bullet. It was changed for transmission purposes only.