Cadence Network Continues Record Growth, Announces Blue Chip List of New National Chain Customers.

Business & Technology Editors

CINCINNATI--(BUSINESS WIRE)--June 7, 2000

Leader in Web-Based Cost Management

Now Services More Than 70,000 Customer Locations Nationwide

Cadence Network, Inc., the largest Web-based provider of site operating cost management services for multi-site enterprises, today announced the addition of Applebees (Nasdaq:APPB), Bed, Bath & Beyond (Nasdaq:BBBY), Bradlees (Nasdaq:BRAD), Stein Mart (Nasdaq:SMRT), GNC and Shaner Hotel Group (which includes Marriott and Radisson) to its list of blue chip national chain customers.

With the announcement, Cadence now impacts the purchases -- including utilities, telecommunications and waste removal -- of more than 70,000 individual locations in North America in a variety of industries, including retail, grocery, hospitality, financial services and restaurants.

"As Cadence continues to expand it offering, more customers are embracing the powerful bottom line impact that Cadence can deliver," explains Mark Shunk, president and CEO of Cadence. "This new ability to dramatically reduce a range of costs across a multi-site enterprise is capturing the attention of not only operations managers but CFOs and CEOs as well who are charged with reducing costs and increasing profitability."

Cadence captures various site operating expense information (such as electricity, telecommunications, water, waste management, etc.) and presents that information via the Web, allowing costs to be managed by site, region or division. In essence, it unites all of this fragmented data so national chain executives better understand what they are buying and who they are buying from.

"We looked at several different solutions, but always came back to Cadence," said Ray Bond, director of facilities management for national restaurant chain Applebee's. "Their capabilities are outstanding, but in the end, it was their people and their commitment to finding the best cost-reducing solutions for Applebee's that made the difference. Our goal was to focus on audits and benchmarking our consumption and bringing cost awareness to operations so we can impact the bottom line. The Cadence program will add value to our organization by helping us do that."

Cadence Network, Inc. is a B2B e-commerce firm that helps multi-location companies control enterprise-wide site operating costs -- such as energy and telecommunications. Customers include Blockbuster, Winn Dixie, Papa John's, Motel 6, Service Merchandise and Burger King, among others. The Company currently impacts the purchases of over 70,000 individual locations in North America in a variety of industries including retail, grocery, hospitality, financial services and restaurants. Cadence investors include Insight Capital Partners, MSD Capital (the private investment firm for Michael Dell), Cinergy Corp., Florida Progress and New Century Energies. For more information, call 513.763.3112 or visit Cadence online at www.cadencenetwork.com.