Bungo.com Showcases Adaptability Of Its Dynamic Networking Resources; Proprietary Features now Accommodating Social Sector.

Business/Technology Editors

PROVIDENCE, R.I.--(BUSINESS WIRE)--April 5, 2000

Bungo.com (www.bungo.com), the rapidly growing provider of B2B information management and sharing solutions, expands the flexibility of its powerful, closed-end solutions by targeting the social sector. In the United States alone, this sector includes 1.5 million organizations that spend nearly $500 billion each year.

Bungo.com's suite of web-based software solutions offer "best of breed" value-added features that greatly enhance working group productivity, expediting idea and product development, reducing administrative burdens, and accelerating mission objectives. Particularly powerful innovations include self-activated message delivery tracking, automatic update of feeder content and instant messaging archives, among a wide range of other features. User working groups can share documents (stored in web- based archives) including schedules, addresses, files and bookmarks. The Bungo.com team continues to design new tools for information management to remain the "first mover" in this e-commerce area.

As the first and only provider of this exclusive powerful package of features, Bungo.com has set itself apart from such names as Mail.com (Nasdaq-MAIL), Critical Path (Nasdaq-CPTH), Commtouch Software (Nasdaq- CTCH), and Driveway.com. Bungo.com offers total solutions for on-line business communications and information storage, management, sharing and tracking, all accessible from both internal and external control areas.

"Bungo.com's software solutions quickly transform people into seamless cyber-groups, providing communication, information sharing and flexibility at levels never before achieved," said Sam Fahmy, Bungo.com's CEO. "We are also adapting our in-house developed software suite for multinational business and affinity groups." Importantly, Bungo.com provides reliable and secure communication and storage solutions by using the latest hardware from VA Linux Systems (Nasdaq-LNUX), Cisco Systems (Nasdaq-CSCO), and Sun Microsystems (Nasdaq-SUNW).

The company will offer an interface for Palm, Inc.'s (Nasdaq-PALM) Palm Pilots, the family of hand-held organizers.

As noted above, the social sector represents Bungo.com's most recent successful expansion venture. This sector comprises a major growth market of the US economy as it now seeks the opportunities of "New Philanthropy." Straddling the intersectoral nonprofit and for-profit industries, these organizations provide educational, health, spiritual, and other "mission critical" services to a widening range of constituents. Strong growth for this sector is anticipated because of:

--The projected $10 trillion inter-generational asset transfer that has begun and is expected to continue for the next 20 years.

--An estimated nearly quarter of a trillion additional dollars available annually for charitable efforts.

--Expanding charitable giving. In 1999 alone, US foundations gave away a record estimated $22.8 billion in grants.

--A growing preference by a new breed of philanthropists for professional oversight of philanthropic undertakings to accomplish long term, solutions rather than grant based, stop gap giving.

About Bungo.com

Bungo.com is the pioneer, top-rated provider of Web-based information management and sharing solutions. Bungo.com's proprietary software delivers "best of breed" communication, storage and organization resources for individuals and organizations. For more information, contact www.bungo.com, 401-461-8022, or [e-mail].