Arbortext Honored as One of ``Top 100 Private Companies'' for Second Consecutive Year.

ANN ARBOR, Mich. -- Arbortext, Inc., the leading provider of Enterprise Publishing Software, today announced its inclusion on the AlwaysOn Top 100 Private Companies list for the second consecutive year.

AlwaysOn and KPMG's emerging business practice, KPMG1Start, identified the 2004 AlwaysOn Top 100 (AO100) companies based on their demonstrated leadership and innovation in two key areas: market traction measured by revenue or customer growth, and new approaches and technologies that are likely to cause significant change to existing markets and well-established players

"Private company innovation is incredibly strong and continues to flourish. Only 50 of last year's AO100 companies returned to this year's list and 50 new companies have been selected that are well positioned to significantly contribute to the second-generation of the Internet," notes Tony Perkins, AlwaysOn founder.

"We are honored to receive this recognition with the other innovators and leaders in the technology industry," said Raymond Schiavone, President and CEO for Arbortext. "This award reinforces Arbortext's market and technology leadership in XML-based Enterprise Publishing Software. Organizations around the world have chosen our software to streamline publishing processes that increase the quality of information being delivered, ultimately enhancing customer satisfaction."

Arbortext's placement on this list expands upon an already impressive list of prestigious awards, including:

--The American Business Awards - "Stevie Award for Best New Product" (2004)

--KMWorld Magazine - "100 Companies that Matter in Knowledge Management" (2004, 2003)

--Econtent Magazine - "Content 100" list (2003, 2002, 2001)

--AlwaysOn - "Top 100 Private Companies" list (2003)

--The Seybold Report Editors' "Hot Picks: Must See New Technologies" (2003)

--VentureReporter's "Top 25 Companies to IPO" (2003)

Arbortext also continues with impressive financial success, including 12 straight quarters of record revenue and continued expansion into Asia Pacific, Latin America and Europe.

AlwaysOn, the media company that covers innovation in technology and business, compiled the list with assistance from KPMG1Start. The two groups surveyed more than 1,000 venture investors, investment bankers, top entrepreneurs and executives who nominated more than 800 companies for the competition. The full list can be found at www.alwayson-network.com.

About Arbortext

Arbortext is the leading provider of Enterprise Publishing Software that enables organizations to create and automatically publish large amounts of information, such as technical manuals, pharmaceutical product information, legal information and software documentation. Enterprises around the world use our software to publish in multiple languages to multiple audiences in multiple hardcopy and electronic output formats. Arbortext's software is installed at over 1,400 organizations worldwide.

Current customers include American Express Financial Services, Audi, Boeing, Bombardier, British Aerospace, Caterpillar, DaimlerChrysler, Ericsson Telecom, Ford, General Electric, GM, IBM, International Thomson Publishing, Lucent, Nokia, Nortel Networks, PeopleSoft, Pfizer, Ricoh, Sun Microsystems, Toyota, United Airlines, Volkswagen and Volvo. Arbortext is a founding member and active participant in the XML Activity of the World Wide Web Consortium (W3C). Headquartered in Ann Arbor, Michigan, USA, Arbortext has offices around the world. For more information, please visit www.arbortext.com.

About AlwaysOn

AlwaysOn (AO) is an "open source media company" dedicated to connecting global leaders and technology industry insiders whose ideas and innovations are shaping the always-on world. Founded in January of 2003, AO is the first and only media brand to combine participatory journalism (blogging), with a powerful social network--the AO Zaibatsu. AO believes that individuals and businesses will increasingly use interactive media applications to "step over the head of the media" and communicate directly to customers, suppliers and employees. AlwaysOn, LLC, is a privately held and virtually headquartered company born out of the heart of Silicon Valley. For more information please visit http://www.alwayson-network.com.