American Airlines Selects Kiodex Risk Workbench To Manage Jet Fuel Price Volatility.

Business Editors

NEW YORK--(BUSINESS WIRE)--Dec. 10, 2001

Kiodex, Inc., a provider of Web-based risk management solutions, today announced that American Airlines, which has been a beta customer for over three months, has selected the Kiodex Risk Workbench(SM) to replace another provider in helping manage its exposure to volatile fuel prices.

"We are thrilled to add American Airlines to our growing roster of Risk Workbench customers," said Raj Mahajan, Kiodex President. "It's a wonderful testament to our value proposition to have a company of American Airlines' stature and history on board."

The Kiodex Risk Workbench(SM) is a Web-based risk management system that assists corporations in managing their earnings exposure to energy price risk. Unlike other risk management systems, the Kiodex Risk Workbench(SM) integrates its three core services - sophisticated pricing tools, readily available market data, and risk reports - into a single application. The combination of these three services into an easy-to-use interface enables companies to design, choose, and implement much more effective hedging strategies.

FAS 133 Functionality Another Key Factor

One of the key features of the Risk Workbench that companies value is its ability to facilitate compliance with the new FAS 133 reporting regulations. Kiodex is currently collaborating with a Big Five accounting firm on a second release of the Kiodex Risk Workbench(SM) that will include a comprehensive, automated FAS 133 module.

Second Kiodex Beta Program Participant to Convert to a Customer

Prior to becoming a Kiodex customer, American Airlines participated in the twelve-week Kiodex Risk Workbench(SM) beta program. This marks the second Kiodex beta program participant to become a customer since the Kiodex Risk Workbench(SM) officially launched in mid-October. Eastman Chemical Company also became a customer of the Risk Workbench after participating in the Kiodex beta program. Several more announcements of beta program participants becoming full customers are expected in the near future. Other participants included a cross section of Fortune 1000 corporations representing the Airline, Chemical, Railroad, Food and Beverage, and Oil and Gas industries. Other industries that will benefit from Kiodex's risk management services include the Manufacturing, Trucking, Food and Beverage, Tobacco, Mining and Metals, Construction, and Pulp and Paper industries.

Those interested in scheduling an online demonstration or signing up for a trial subscription of the Kiodex Risk Workbench(SM) should email [e-mail], or sign-up directly at www.kiodex.com.

About Kiodex

Kiodex, Inc. is a technology and services company providing risk management solutions for corporations seeking to realize cost savings in their hedging strategies, manage FAS 133 compliance, and stabilize earnings. The company's flagship service, the Kiodex Risk Workbench(SM), combines pricing tools, market data, risk reports, and deal capture in a single Web-based application to give treasury professionals, risk managers, and procurement officers the ability to effectively manage energy price volatility.