Bowstreet Adds Two New Executives With Proven Success Managing Rapidly Growing Technology Companies.

Business/Technology Editors

PORTSMOUTH, N.H.--(BUSINESS WIRE)--April 20, 2000

Gary Haroian joins Bowstreet as VP, chief operating officer, Dick

Bugley becomes VP and general counsel

Bowstreet (www.bowstreet.com), the leading provider of XML infrastructure for B2B web marketplaces, today announced that two highly successful technology executives - Gary Haroian and Dick Bugley - have joined the company to help it redefine the way companies do business. Haroian is Bowstreet's vice president and chief operating officer, and Bugley has joined the company as vice president and general counsel.

"Great companies have great management teams, and Gary and Dick are all-pro," said Bowstreet President and CEO Bob Crowley. "They have proven success with rapid growth, IPOs, and mergers and acquisitions in tremendously successful public technology companies."

Haroian's career spans more than 20 years of senior financial, operations and executive management positions in high tech, most recently as chief financial officer and senior vice president of finance and administration at network management software company Concord Communications (Nasdaq: CCRD). At Bowstreet he will be responsible for finance, operations and administration, legal, human resources, facilities and information systems.

Haroian led Concord through a successful initial public offering in 1997 and directed two significant acquisitions to round out the company's technology.

Prior to Concord, Haroian served as president and CEO of Stratus Computer, growing it to $600 million in revenues as the worldwide leader in fault-tolerant computers from annual revenues of only $5 million when he joined the company as controller in 1983. Before Stratus, Haroian worked as an audit manager for Arthur Andersen and Company. Haroian earned a bachelor's degree in economics and accounting from the University of Massachusetts Amherst.

Dick Bugley brings 22 years of domestic and international high-tech legal experience to Bowstreet, including mergers and acquisitions, public offerings and the development of world-class legal teams. He will be responsible for all domestic and international legal affairs and will be secretary of the board of directors.

Bugley spent the last four years as vice president and general counsel for Renaissance Worldwide (Nasdaq: REGI), a global IT and management consulting firm. He successfully managed 23 acquisitions in 21 months, an initial public offering and a secondary offering. Prior to Renaissance, he spent three years as vice president and general counsel for Banyan Systems. He managed all domestic and international legal affairs for the networking systems company, including the establishment of the company's presence in Japan through a joint venture involving NTT. Before Banyan, he spent six years at Apollo Computer as associate general counsel, negotiating the company's largest OEM agreements, including one in excess of $120 million a year. He earned a bachelor's degree in political science from the University of Massachusetts and a law degree from Franklin Pierce Law Center.

About Bowstreet

Bowstreet provides the XML infrastructure designed to transform the World Wide Web from a collection of static web sites into a fluid web of interconnected businesses called "business webs." These dynamic and highly customized B2B marketplaces enable companies to sell new products and services, create new channels of distribution and develop new business models at a fraction of the time and cost of today's approaches. Bowstreet's patent-pending product, the Bowstreet Business Web Factory, and a robust Internet community, the Bowstreet Business Web Exchange, are designed to enable companies to form instant B2B connections, create richer offerings for existing customers and enable line-of-business managers to take complete control of e-business without technical help. For more information, visit www.bowstreet.com or call 603-559-1900.

Bowstreet is a trademark of Bowstreet.com Inc. All other company names and products are trademarks or registered trademarks of their respective companies.