C-bridge Internet Solutions Appoints Richard C. Putz Chief Strategy Officer and Executive VP of Industries and Diagnostics.

CAMBRIDGE, Mass.--(BUSINESS WIRE)--July 19, 1999--

Enhances C-bridge's Ability to Deliver Dramatic Results for Clients

Based on Demonstrated Successes with Business Process Change

C-bridge Internet Solutions(R), a leading developer of Internet-based business applications and strategies, today announced the appointment of Richard C. Putz as Chief Strategy Officer and Executive Vice President of Industries and Diagnostics. Mr. Putz's depth of experience in business transformation enhances C-bridge's ability to rapidly deliver Internet-based solutions that create significant business value for clients across diverse industries. Mr. Putz's experience as an educator also reinforces C-bridge's commitment to empower clients through education and knowledge transfer.

As Chief Strategy Officer, Mr. Putz will help define C-bridge's corporate strategy and direction. As Executive Vice President of Industries and Diagnostics, he will be responsible for overseeing the delivery of C-bridge's RAPID Value(TM) Diagnostics, providing iSolutions for industry sectors, designing business patterns and frameworks, and running education and training services. Mr. Putz will also be a featured lecturer at the Executive Education series that C-bridge offers in conjunction with Cambridge Executive Enterprises. Senior business executives from global companies attend these Executive Seminars to learn how to leverage Internet technologies and incorporate them into their business processes.

Mr. Putz has more than 25 years experience in industry, finance, retail, and management consulting, with a focus on supply/service chain management, strategic planning, and process optimization. He has held senior positions at two of the Big Eight consulting firms and is an expert practitioner of the Theory of Constraints management discipline developed by physicist Dr. Eliyahu M. Goldratt. Prior to joining C-bridge, Mr. Putz served as Senior Director and recently appointed Regional Vice President within the Industrial practice of Oracle Corp. At Oracle, he consulted for various financial institutions, retailers, distributors, and manufacturing companies, with a focus on automotive manufacturing. Mr. Putz developed corporate strategy and helped these organizations optimize the competitive performance of their sales/marketing, financial, and general operations.

"Richard's extensive experience enhances our ability to understand our clients' businesses and create effective strategies that give them a competitive edge in the new Internet economy," said Joe Bellini, President and CEO of C-bridge Internet Solutions. "The combination of broad industry knowledge and an extensive technology library of business patterns is why we are able to deliver such dramatic results for our clients. Richard is a valuable addition to the C-bridge team and his appointment underscores our commitment to being the highest value provider of Internet-based business solutions."

Mr. Putz has developed numerous strategic plans and value positions for national companies including financial institutions and manufacturing organizations. As President and CEO of SFB Bank, a retail and mortgage banking institution in the Midwest, Mr. Putz grew the bank's shelf assets from $202 million to $365 million and the mortgage servicing assets from $850 million to $3.9 billion in three years. For an automotive supplier to one of the Big Three automakers, he implemented dramatic performance improvements that led the company from a 6% loss to a 25% profit within a one-year period.

Mr. Putz has conducted numerous workshops on the use of value positioning, best practices, and supply chain Internet positioning. He has hosted seminars on using Theory of Constraints as a tool for process optimization, strategic planning, and as a project driver for supply/service chain models across diverse industries.

"There are many companies in the Internet consulting and services arena, but C-bridge is the only one I've encountered that shares my vision of dramatic business transformation and also recognizes the importance that executive education plays in this process," said Putz. "I am excited to be part of the C-bridge team and to be participating in this business revolution."

About C-bridge

Founded in 1996 and based in Cambridge, Mass., C-bridge Internet Solutions is a leading Internet consulting and services provider. C-bridge delivers end-to-end business solutions from executive education to strategy development, marketing/branding analysis, architectural assessment, and the development and deployment of Internet-based applications. C-bridge creates business value for clients through Internet-enabled business process change. For more information on C-bridge, visit www.c-bridge.com.