Bowstreet Exceeds 2004 Targets; Signs over 100 Customers.

TEWKSBURY, Mass. -- Bowstreet(TM), the leading provider of portal-based tools and solutions, today announced that it has accelerated its growth in 2004, with sales up more than 200% over 2003 results. This is the best financial year in Bowstreet's history with the company exceeding its quarter-over-quarter and year-to-date sales goals. Moreover, Bowstreet has signed over 100 new customer contracts, the majority of which were in 2004. Q4 2004 provided a strong close to an impressive year, with the completion of 45 Bowstreet Portlet Factory agreements with some of the most respected and recognized brands in the world, including MasterCard, Pfizer, GE, Bayer, and Marriott.

"We selected Bowstreet Portlet Factory as a powerful and versatile vehicle for the rapid deployment of high-impact business applications, such as a procurement dashboard," said Steve Sacho, manager of web and application development, Pfizer Global Manufacturing. "The initial goal for Portlet Factory was to help us overcome our limited resources and in-house J2EE skills, so we could quickly prove the business value of our investment in IBM WebSphere Portal Server. Now Bowstreet Portlet Factory is evolving into a more fundamental component of the application service delivery strategy for our team. Bowstreet helped solve our biggest challenge: integrating Domino legacy applications with the new WebSphere Portal we are embracing. The fact that the underlying Bowstreet Factory architecture is so elegant made it that much more compelling, and it dovetails nicely with the new software engineering methodologies and reference architectures we are implementing."

Other achievements and milestones reached during Q4 2004 include:

--Release of Integration Adapters for PeopleSoft, Siebel, and SAP

--Introduction of Bowstreet's Enterprise Portal Solutions and signing of first customer in this composite application initiative

--Increased penetration in the hotel and travel industry with significant new deals

--Full JSR 168 portal compatibility

--Completion of an additional round of growth capital to advance composite application initiatives

"IBM's worldwide sales force, combined with Bowstreet's innovative technology, gives us a large, global presence while allowing us to remain extremely agile; a position IBM's competitors cannot duplicate," said Michael George, president and CEO, Bowstreet. "In 2004, we secured a large number of Global 2000 customers with enterprise-wide portal initiatives, which will accelerate our rapid penetration of the portal-based composite application market in 2005. Bowstreet is the only portal-independent vendor that can deliver both turnkey portal solutions and proven, pervasive tools for building custom portlets."

About Bowstreet

Bowstreet, the leading provider of portal-based development tools, is leading the industry transition to pre-packaged composite applications and distributed web-based services. Bowstreet-built applications are powered by Bowstreet's proven Portlet Factory technology, which provides a highly flexible application development framework for assembling data and processes from disparate systems into dynamic applications that can adapt, on-demand, to unique and constantly changing business requirements. Solutions powered by Bowstreet Factory technology can be deployed in a portal, on the web, on a wireless device, or distributed as a service. Bowstreet technology is used by industry leading companies, including Amerijet, Cardinal Health System, Caterpillar, Cisco, Citizens and Hanover Insurance, Crossrail, DuPont, Fidelity Information Services, Gillette, ImClone, IT Factory, John Crane, Kroger, Mayo Clinic, Northwestern Mutual Life, Ogilvy & Mather, Sheetz, Tufts Health Plan, UNICCO, and Vormittag. Bowstreet is headquartered in Tewksbury, Massachusetts and has offices in Boston, New York, Chicago, San Francisco, Minneapolis, Amsterdam, and London. www.bowstreet.com.

Bowstreet and Builder are trademarks of Bowstreet, Inc. All other company names and product names may be trademarks or registered trademarks of their respective companies or owners.