Altra and @TheMoment Partner to Deliver Leading Dynamic Trading Solutions to Energy Industry.

Business Editors

HOUSTON, Texas & SAN MATEO, Calif.--(BUSINESS WIRE)--July 2, 2001

Strategic business alliance enables energy companies

to efficiently build and deploy private trading

exchanges, auctions or live bid/ask markets

Altra Energy Technologies, Inc., together with its subsidiaries, the leading provider of innovative electronic trading services, transaction management software and e-business solutions to the energy industry, and @TheMoment(tm), Inc., the leader in dynamic trading solutions for Global 2000 corporations, today announced a strategic alliance to provide energy companies with dynamic trading solutions for the deployment of online private trading exchanges.

By utilizing the @TheMoment Dynamic Trading Platform, Altra's worldwide energy customers will be able to generate new revenues, increase sales volumes and streamline their sales processes by creating private online markets that enable direct sales to their customers. In addition, the comprehensive forward and reverse auction and live bid/ask (stock market-like) exchange applications from @TheMoment will enable energy companies to greatly enhance their overall portal and e-commerce offerings.

Having identified a need in the energy industry for private branded exchanges with auction functionality, Altra - the leading independent online energy marketplace - conducted an extensive review of providers offering complete auction solutions. As a result, Altra selected @TheMoment as its provider of choice. Altra's addition of dynamic trading technology is the latest in a series of new, best-of-breed product extensions including portal and risk management solutions, and will further complement Altra's existing suite of trading and transaction management solutions.

"Altra is committed to being the single source for energy-related services and solutions that will enable companies to improve their business processes and overall results," said Altra president and CEO, Paul Bourke. "Our customers have requested high-performance, private trading exchange functionality to expand their e-commerce offerings. By strategically aligning ourselves with @TheMoment, we are building on the success we have already realized with our Altra Market Place online trading exchange by delivering the most comprehensive and configurable dynamic trading solution to companies across the energy industry."

"Our business alliance with Altra provides @TheMoment with a tremendous ally in the energy industry, and validates the advanced and scalable functionality of our trading platform," said Larry Frye, president and CEO, @TheMoment, Inc. "We look forward to working with Altra to assist energy companies with the rapid deployment of auctions and live bid/ask exchanges for the sale of energy capacity and commodities. Together, Altra and @TheMoment provide both the expertise and technological innovation to meet energy companies' increasingly complex needs."

Robust dynamic trading platform functionality

Based on a robust messaging bus platform, @TheMoment features powerful trading services that support auction and live bid/ask market applications. The flexible design of the applications allows companies to produce the market type of their choice to help meet business objectives, such as obtaining the maximum market value for scarce or high-demand goods or services, increasing sales volume, improving sales processes, and creating a new sales channel.

The following trading applications are available with the @TheMoment Dynamic Trading Platform:

- Auction@TheMoment - Enables one-to-many seller driven (Forward) or buyer
driven (Reverse) markets where the transaction occurs at a deadline. The
application supports English, Yankee, Dutch and Classic Dutch auction types as
well as sealed and open bidding.

- LiveBid/Ask@TheMoment - Enables one-to-many or many-to-many (Neutral) markets
where goods or services are sold continuously while the price changes
dynamically to reflect supply and demand conditions that incorporate the
seller's and buyer's pricing strategy.

About Altra Energy Technologies, Inc.

Altra Energy Technologies, Inc., located in Houston and at www.altra.com, together with its subsidiaries, is the leading provider of independent, neutral online trading systems, transaction management software and e-business solutions for the energy industry. Founded in 1996 as the first electronic marketplace for energy, Altra's software and trading systems now serve more than 7,000 energy professionals across 500 companies worldwide who trade, schedule, transport and account for transactions in power, natural gas, natural gas liquids and crude. The company, which offers the Altra(R) Market Place for real-time trading, Altra Market Tools for front-, mid- and back-office transaction management and Altra Market Solutions to help energy companies integrate enterprise wide applications and create customized portal solutions, is the only provider of software, systems and support that integrates the entire energy transaction process from trade through delivery and accounting. Altra Energy Technologies, Inc., market wide market deep(SM).

About @TheMoment, Inc.

@TheMoment, Inc. is the leader in dynamic trading solutions for Global 2000 corporations. With the highly scalable and flexible @TheMoment Dynamic Trading Platform, corporations can respond quickly to fast-moving markets by deploying dynamic trading applications such as auctions and live bid/ask exchanges as well as dynamic revenue management systems.

Headquartered in San Mateo, Calif., @TheMoment is funded by VantagePoint Venture Partners, Reuters Greenhouse Fund, TIBCO Software (Nasdaq: TIBX), Tarrant Venture Partners, Comdisco Ventures, and other strategic investors. Additional company information is available at www.themoment.com.

@TheMoment and the @TheMoment logo are trademarks of @TheMoment, Inc. Altra is a registered trademark, the Altra logo is a trademark and "market wide market deep" is a service mark of Altra Energy Technologies, Inc. Other trademarks are registered trademarks and the properties of their respective owners.