Boca Raton Resort & Club Chooses Paramount Technologies' Online Procurement System.

Business/Technology Editors

SOUTHFIELD, Mich.--(BUSINESS WIRE)--March 20, 2000

Upscale Florida Resort Saves Time, Money and Resources

With the B2B-WorkPlace Web Solution

Paramount Technologies, Inc., the proven provider of mid-market business buying solutions, today announced that the Boca Raton Resort & Club has successfully launched into B2B e-commerce by adopting Paramount's B2B-WorkPlace(TM) Web-enabled software to manage company-wide purchasing. Using B2B-WorkPlace to order everything from paper clips to crab legs to airline tickets has helped the Boca Raton Resort & Club reduce purchasing, shipping and staff costs.

"We are always looking for ways to increase revenues in the competitive upscale resort vacation marketplace," said Charles Deyo, senior vice president of finance of Boca Raton Resort & Club. "B2B-WorkPlace automates our entire procurement system, which improves our bottom line. We chose B2B-WorkPlace because of the system's flexibility, scalability and customized network of suppliers. Working with Paramount Technologies, we've created a multi-functional, easy-to-use system that strengthens our all-important supplier relationships."

"Aberdeen research indicates that Web-based, e-Procurement can significantly reduce costs, increase productivity, and improve profitability," said Tim Minahan, research director, e-Business of Aberdeen Group. "However, high cost and maintenance requirements put most early e-Procurement solutions beyond the reach of all but the largest organizations. Paramount Technologies' B2B-WorkPlace addresses such issues by delivering e-Procurement as a Web-based service that can meet the budget and technological limitations of nearly any organization."

Creating E-Procurement of the Future

The entire Boca Raton Resort & Club staff, from the restaurant to the athletic department, uses the Web-based system to order supplies and equipment. Employees requisition the items or services they want to purchase, then the system routes requests to managers, who approve or reject purchases. Managers can compare purchases with current budget needs and future budgeting plans. Paramount Technologies provides customized vendor lists for Boca Raton Resort & Club as well as their other clients.

"Smart companies expect procurement systems to serve as company-wide corporate buying portals that save time and money," said Salim Khalife, chief executive officer of Paramount Technologies. "At Paramount, we serve the growing mid-market business sector by supplying a Web-based product that the entire company can access. The Boca Raton Resort & Club uses our system because of its ease of use, flexibility and the supplier choices that we offer them."

About Boca Raton Resort & Club

Located in the heart of Florida's Gold Coast in Palm Beach County, the Boca Raton Resort & Club is one of the country's premier destination resorts and private club facilities. Set within a backdrop of casual elegance, Boca's amenities include two 18-hole championship golf courses, 30 tennis courts, several pools, state-of-the-art fitness centers, a half-mile stretch of private beach, a full-service marina and a variety of watersports. In addition, the Resort and Club features an outstanding selection of dining options and a full range of activities including a comprehensive children's program.

About Paramount Technologies, Inc.

Based in Southfield, Mich., Paramount Technologies is a leading provider of Web-enabled B2B e-commerce solutions that help small to mid-sized organizations optimize their investment in conventional enterprise resource planning (ERP) systems. The company has more than 50 distributors and 175 customers with approximately 10,000 users worldwide. For more information about Paramount, go to www.paramountusa.com or call 248-352-8080.

Paramount Technologies, B2B-WorkPlace is a servicemark of Paramount Technologies, Inc. All other brand and product names contained in this release may be trademarks or registered trademarks of their respective holders.