All Bases Covered Announces New Chief Financial Officer and $17 Million in Third Round of Financing.

Business Editors/High-Tech Writers

REDWOOD CITY, Calif.--(BUSINESS WIRE)--April 18, 2000

All Bases Covered(TM), the nation's leading network and computer support firm for small businesses, today announced the appointment of Gene Jones to the position of chief financial officer (CFO).

The company also announced it has completed its third round of financing with Technology Crossover Ventures (TCV) leading the round.

Jones joins All Bases Covered from IKON Office Solutions, a Fortune 300 Company, where he served as CFO of its Document Services Division. He brings to All Bases Covered over 25 years of experience in all aspects of corporate financial management.

"Gene brings his extensive experience in financial management to All Bases Covered and will fill an important role in our plans to expand our markets and client services," said All Bases Covered CEO Steve Lewis. "All Bases Covered is establishing a strong financial infrastructure to support its exponential growth. Gene's addition and third round of financing exemplify this."

TCV was established in 1995 to capitalize on the emergence of the Internet and to create a new model for Internet investing by combining venture capital and public market investing. Jay Hoag, the managing partner of TCV, joins Bob Tobb, the managing partner of Red Rock Ventures, who led the company's Series B financing, and Tim Mott of Ironwood Capital, who led the company's Series A financing on the company's Board of Directors.

"We plan to use this latest round of financing to further strengthen our corporate infrastructure so we can successfully expand to new markets and better support our existing customers," Jones said. "Our relationship with TCV will also help us move aggressively forward to deliver increased business value to our partners and clients with new products and solutions."

About All Bases Covered

Founded in January 1997, All Bases Covered is the leading provider of 24/7 local, face-to-face computer and network support for small businesses and remote offices. All Bases Covered is headquartered in Silicon Valley, and has offices in Dallas, Seattle/Redmond, Los Angeles, San Diego, Denver, Boston and Sacramento. By helping close the "execution gap" for small companies and remote offices, the company enables its customers to meet critical time-to-market goals. All Bases Covered has more than 1,500 customers. For more information, visit www.allcovered.com or call 650/298-0800 ext. 838.