Brentwood Invests $7.5 million in jeTECH DATA SYSTEMS.

CAMARILLO, Calif.--(BUSINESS WIRE)--Nov. 6, 1998--jeTECH DATA SYSTEMS INC., today announced it had received equity financing in the amount of $7.5 million from Brentwood Venture Capital, one of southern California's leading venture capital firms.

Based in Camarillo, a Ventura County suburb of Los Angeles, jeTECH is one of Ventura County's leading software developers. jeTECH's Enterprise Labor(TM) -- a unique labor-management software system -- is installed at approximately 200 Fortune 1000 sites throughout the United States and Canada.

Commenting on the investment by Brentwood, a Los Angeles-based firm, jeTECH President & CEO Michael Edell said: "We are very pleased a venture capital firm of Brentwood's stature has demonstrated its confidence in our future by making a substantial investment in our company. Our suite of unique, enterprise-wide software solutions has been well-received over the years. With this new financing, we will be in the enviable position of being able to accelerate our already rapid growth."

"We have an interest in investing in promising technology companies," explained Brentwood General Partner G. Bradford Jones. "We expect that jeTECH's spectacular success in taking on the Goliaths of the 'time-and-attendance' industry will be matched when it takes the next logical step with its product line. We are pleased to be able to provide the financial catalyst for jeTECH's continued growth."

"In addition to their unique software solutions and solid Fortune 1000 customer base, we were also impressed with jeTECH's considerable implementation expertise," noted Jones. "Their award-winning Focused Team Approach has fostered an implementations success rate that appears to be pretty unique in the time-and-attendance industry. These factors combined with a solid marketing strategy gave us the confidence to make this large investment in a firm of jeTECH's size."

Brentwood (www.brentwoodvc.com) has invested in a number of other successful southern California companies including Xylan Corp. (Nasdaq:XYLN); Comcore Semiconductor -- purchased by National Semiconductor (NYSE:NSM); Commquest Technologies -- purchased by IBM (NYSE:IBM); Biopsys Medical -- purchased by Johnson & Johnson (NYSE:JNJ), Sandpiper Networks; Onyx Acceptance (Nasdaq:ONYX); and Isocor.

"Since jeTECH was virtually debt-free before the Brentwood investment, this new infusion of capital will be aimed primarily at sales and marketing," explained Edell, who was one of the original founders of jeTECH. "Together with a marketing strategy that effectively positions jeTECH's enterprise suite of products as the 21st century solution for Fortune 1000 and other customers, this investment will help carry us to the next level."

For more information about jeTECH's unique software applications or expert professional services, call 805/383-8500, visit www.jetechdata.com or write [e-mail].