Acceleron Drives New Honda of America Mfg.'s Travel Expense Management Project.

Business/Technology Editors

MONTREAL--(BUSINESS WIRE)--Nov. 14, 2000

Leading automotive company to streamline their Travel Expense

Management process for 6000 + users throughout US and Mexico

Acceleron, (TSE:ON), a leading provider of Travel Expense Management (TEM) software, has announced that Honda of America Mfg., has selected Boomerang, Acceleron's TEM solution, to automate the Travel Expense Management process for its manufacturing units for cars, motorcycles, all-terrain vehicles, and automotive engines. Honda is now entering the pilot stage, with full deployment to approximately 6000 users, located across the United States and Mexico, expected to take place in Q1 2001.

Acceleron's services division will be assisting Honda with the full deployment of Boomerang, as well as with some customizations designed to integrate Honda's travel authorization process within the system.

"Acceleron presented us with an flexible, user-friendly solution, which will integrate well with our current environment," said Kim Ryan, manager of Human Resources Services at Honda of America Mfg. "Our objectives are to make it easier and more cost-effective for our associates to create, approve and process expense reports, while enforcing our corporate policies."

"We are pleased to have been chosen by Honda of America as part of their efforts to streamline their operational processes," said Lorne Schwartz, president of Acceleron. "Our goal is to continue delivering solutions that allow organizations to leverage from the time and costs savings associated with an effective Travel Expense Management process."

About Acceleron (www.acceleron.com)

Launched in August 2000, Acceleron, formerly the Software Division of Momentum Business Systems, is a leading provider of Travel Expense Management solutions. Acceleron is a wholly owned subsidiary of OnX incorporated, and is a member of OnX's Active Business Development Division. Based in Saint-Laurent, Canada, Acceleron is a Lotus ISV partner and IBM Business Partner. Its flagship product, Boomerang, is a Travel Expense Management software solution designed to easily integrate with a company's existing financial, analytical and direct-payment systems. Boomerang is currently being used by over 235,000 users worldwide to efficiently enter, submit, process and manage expense reports from either their desktop or a standard browser. Acceleron's clients, from a wide variety of industries, include Procter & Gamble, Bayer Inc, Novartis Pharma Canada, American General Life, Vesuvius, Veritas DGC Inc. and DST Systems.

About Honda of America Mfg. (www.honda.com)

Honda of America Mfg. operates four plants in west central Ohio employing a total of 13,000 associates. The Marysville Auto Plant produces the Honda Accord Sedan and Coupe, the Acura TL Sedan and Acura CL Touring Coupe. The Honda Civic Sedan and Coupe, and the Civic GX natural gas vehicle are produced at the East Liberty Auto Plant. The Marysville Motorcycle Plant produces the new Gold Wing GL 1800 motorcycle, as well as the Valkyrie and Shadow motorcycle models, and the FourTrax Rancher all-terrain vehicle. The Anna Engine Plant produces more than 1 million engines per year for Honda auto plants in North America. The products in the U.S. plants are manufactured from domestic and globally sourced parts, including 445 suppliers in North America.