Bricsnet Completes Integration of its Operations for Next Phase of Growth; Structures Company to Complete Integration of Acquired Technologies and Maximize its Market Opportunities.

Business/Technology Editors

GENT, Belgium & WAKEFIELD, Mass.--(BUSINESS WIRE)--Dec. 13, 2000

Bricsnet(TM), (EASDAQ: BSNT), the global provider of owner-oriented, ASP-integrated technology, services and information for the process of engineering, construction and operations of commercial buildings, today announced the completion of its planned consolidation of the eight companies acquired over the past two years. This structuring will result in the integration of the technologies, services and information provided by these strategic acquisitions, creating a unified platform that enables commercial building owners to deploy buildings faster and decrease the cost of building ownership. The structuring also signifies Bricsnet's increased focus on the largest audiences within real estate design, construction, management and ownership where Bricsnet believes it can achieve distinct leadership positions through its technology, services and information, with commercial building owners and building products manufacturers.

This consolidation follows a period of aggressive growth through acquisitions and partnerships. In addition to the eight companies acquired in the United States, France, the Netherlands, Belgium, Canada and Germany, Bricsnet has formed partnerships in the United Kingdom, Korea and Japan, and joint ventures in Spain and the Middle East. Recently, Bricsnet entered into agreements with large international corporations such as Solvay, the leading European supplier of waterproof sheeting, and Bouygues Construction, ranked the #1 international contractor in commercial offices by Engineering News Record (ENR), confirming the rapid adoption of the Bricsnet platform and value proposition by established industry players.

The increased focus of Bricsnet's strategy, together with the completion of the full integration of all the technologies and businesses it acquired, are resulting in a meaningful reduction of research, development and administrative costs. Office locations have gone from ten to six, with Benelux offices combining into one central office in Gent, French offices combining into one central office in Paris, and German operations combining into one office in Dusseldorf. As a result of the consolidation, the workforce has been reduced 24% from 219 to 166 employees. Consequently, the company anticipates that costs run-rate in the fourth quarter of 2000 and through 2001 will be significantly lower than their run-rate to date in 2000. This reduction in costs combined with continued revenue growth puts Bricsnet on target to reach EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) break-even by the middle of 2001.

Bricsnet's innovative ASP (Application Service Provider) platform enables rapid building deployment and efficient operations for commercial building owners and real estate management firms such as Bank of America, Hilton and CB Richard Ellis. Bricsnet's worldwide restructuring will strengthen its ability to immediately respond to the changing forces driving the real estate and commercial buildings market. Bricsnet continues to develop a complete, owner-oriented, straight through processing solution, unifying data and streamlining workflow in order to improve profitability for those tasked with the lifecycle management of multiple, complex buildings. This is in stark contrast to the design, construction of facilities and oriented point-solutions offered to the construction market to-date.

Bruce Jenkins, Executive Vice President with Daratech, said, "In the commercial buildings market, owners are seeking IT-based engineering, construction and operations solutions that compress project schedules, optimize asset lifecycle management, and improve ROA. Bricsnet has clearly listened to what corporate and real estate owners want, and now stands ready to deliver. It's the right move at the right time."

Erik de Keyser, CEO of Bricsnet states, "We are ending the year 2000 with good momentum in our operations and believe these refinements in our strategy are leading to both strong growth and positive operating results. We are emphasizing a focused market approach where the Bricsnet platform stands out. After a rapid, aggressive expansion period, the company is well-positioned to deploy a highly-focused, tactically concise approach to the changing needs of the market. By consolidating our existing resources, further integrating our technologies, and decreasing operating expenses, Bricsnet can continue to meet and exceed our promise of reduced time and improved efficiency for the worldwide commercial building industry."

About Bricsnet

Bricsnet (EASDAQ: BSNT) is the global provider of owner-oriented, ASP-integrated technology, services and information for the process of engineering, construction and operations of commercial buildings. Bricsnet's offerings provide its customers with an integrated platform to design a building, manage a geographically dispersed project team, access building product specifications from manufacturers, bid on and procure building materials and services, and manage completed facilities. Bricsnet maintains corporate headquarters in Wakefield, Mass., and Gent, Belgium. The BricsnetWire(TM) automatically delivers via email news releases such as this as they are being issued.

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