AnswerThink and THINK New Ideas Provide Update on Merger and Quarterly Performance.

MIAMI & NEW YORK--(BUSINESS WIRE)--Sept. 27, 1999--

Management Aggressively Transitioning to e-Solutions

AnswerThink Consulting Group (NASDAQ NMS: ANSR, www.answerthink.com) and THINK New Ideas (NASDAQ NMS: THNK, www.thinkinc.com) announced the filing of a joint S-4/proxy statement on September 17, 1999, in anticipation of the pending merger of the two companies.

This document sets the special meetings for the shareholders of each company to vote on the previously announced merger for November 3, 1999. Upon completion of the merger, THINK New Ideas will become a wholly owned subsidiary of AnswerThink, creating a comprehensive "end-to-end" e-business solutions leader for existing and prospective customers.

In addition, AnswerThink reported on the status of its ongoing evolution into an "e-business solutions leader". The companies' managements affirmed that the merger is a key component of their transition to a next generation e-solutions provider and that the process of pre-merger integration is on track. AnswerThink and THINK New Ideas have been jointly pitching business since June with considerable success. Both companies believe that early indicators of success support its repositioning and are therefore accelerating their plans for a new branding initiative to commence after final shareholder approval.

On a pro-forma post-merger basis, which is the method being used by most of the investment community, the combined management's estimates of revenues and earnings per diluted share for the current quarter are expected to be approximately $67 to $69 million and $0.08 to $0.10, respectively. This compares to earlier expectations of $71 to $73 million in revenues and earnings per diluted share of $0.11 to $0.12. AnswerThink's stand-alone preliminary revenue and earnings per diluted share are expected to be $53 to $54 million and $0.11 to $0.13, respectively. AnswerThink's results were primarily impacted by a slowdown in demand for non-internet enabled ERP applications and Y2K related displacement. THINK New Ideas' preliminary revenue estimate for the quarter is expected to be $14 to $15 million and its operating results are expected to be $0.03 dilutive to the pro-forma combined entity. THINK New Ideas' improved results are primarily due to joint AnswerThink and THINK wins and reductions in selling, general and administrative expenses due to the pre-merger integration efforts.

"In light of the increasing demand for integrated Internet based solutions from our clients and prospects, we have accelerated the pace of our efforts to transition from non-Internet ERP applications to Internet driven solutions," said Ted A. Fernandez Chairman and CEO of AnswerThink. "We experienced higher than expected decline in non-Internet ERP demand, however, we are seeing demand increases in the e-solutions space grow significantly. We are also going to ensure that our transition is supported with increased investment in sales, brand marketing and personnel development."

"The majority of our wins now have an AnswerThink component in them, and we are clearly seeing the collaboration contribute to our ability to close business and impact our quarterly results," commented Joe Nicholson, Chief Operating Officer of THINK.

"I am pleased by our progress and our clients' validation of our vision of the future," Fernandez stated. "We are aggressively transitioning to the right mix, the right opportunities and we are executing ahead of schedule. By the end of the year we will have over 75% of our resources focused on web enabled e-commerce solutions. Our next step is to complete the merger and move forward with our complete branding, integration and service delivery efforts."

About AnswerThink

AnswerThink provides integrated consulting and technology enabled solutions focused on the emerging Internet-driven electronic commerce marketplace. AnswerThink offers a wide range of integrated solutions, including benchmarking, business strategy and architecture, software package implementation, electronic commerce and decision support technology. These solutions span multi-entity functional areas and include supply chain, customer relationship management, finance, human resources and information technology. Recent clients include Bell Atlantic, General Electric, General Motors, IBM, Nextel, Novartis, Revlon and Visa.

About THINK New Ideas

THINK New Ideas provides e-business, e-marketing, e-community, e-commerce and e-technology solutions to Fortune 500 and other high profile clients. THINK New Ideas is also positioned as one of the leading Internet and Intranet systems developers and interactive communications solutions providers in the new technology and digital communications arena. The Company operates from its New York, Los Angeles, Atlanta, Boston, San Francisco, Seattle, Torrance, London and Sofia, Bulgaria office locations. Clients include Avon, Bell South, Coca-Cola, Gillette, IBM, Network Associates, Nortel Networks, Procter & Gamble, Time Inc. New Media and Turner Broadcasting.

Certain statements contained in this release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and since such statements involve risks and uncertainties, actual results and performance of the companies and the industry may turn out to be materially different than the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The companies also disclaim any obligation to update its view of any such risks or uncertainties or to publicly announce the result of any revisions to the forward-looking statements made in this release.