ADVISORY/Chase and Deloitte Consulting to Form New Company Intended to Transform $3 Trillion B2B Procurement Market.

Business Editors

ADVISORY for...Wed. (Feb. 9)

--(BUSINESS WIRE)

First Venture to Deliver a Complete Purchase-to-Payment

Service to Fortune 1000 Corporations, Providing

$200-$350 Million in Annual Savings

Although various technology solutions and e-marketplaces are changing the way companies buy and sell products, there are still gross inefficiencies in the end to end delivery. This new venture plans to transform the complete purchase-to-payment process and significantly drive down costs for both buyers and sellers.

Please join Chase and Deloitte Consulting executives to learn how they plan to attack the chaotic procurement process that exists at most Fortune 1000 companies.

Who:           Denis O'Leary, Chase Executive Vice President and head
               of Chase.com
               Doug McCracken, managing director Americas, Deloitte
               Consulting and chairman, Deloitte &Touche USA LLP

What:          The Chase Manhattan Bank and Deloitte Consulting
               announce their eProcurement joint venture. The first
               complete &uot;purchase-to-payment&uot; eProcurement service,
               the venture will transform B2B purchasing processes and
               create a new procurement standard.

When:          Wednesday, February 9th, 2000
               12:00-1:00pm EST

Where:         Via conference call
               Dial-in: 1-800-621-5169, ask for the Chase/Deloitte
               Consulting Call (No. 14366662)

Editor's Note: If you are unable to participate in the call, a 24-hour
               audio playback will be provided starting at 2:30pm. The
               dial-in number is 1-800-633-8284, reservation number
               14366662.