Cambridge Incubator Extends Senior Management Team, Names Director of Network Operations; Rapidly Growing Incubator Cultivates Next Generation e-Businesses.

CAMBRIDGE, Mass.--(BUSINESS WIRE)--Nov. 17, 1999--

Cambridge Incubator, the Boston area's first e-business incubator, today announced the completion of the initial core Cambridge Incubator team with the hiring of Michael Barrow, director of Network Operations. This appointment, together with other recently added senior members of the Cambridge Incubator management team, provides e-business entrepreneurs real-time access to financial, intellectual, professional and technical resources to help swiftly shape their ideas into successful commercial realities.

Michael Barrow, joins Cambridge Incubator's other director-level leaders, David Sack, director of Marketing and Debra Woog McGinty, director of People Strategy. These talented entrepreneurs bring extensive expertise and insightful perspectives to both the organization and its member companies, and join a world-class team that represents the various disciplines crucial to the success of emerging e-businesses. The Incubator is led by founders Timothy Rowe, formerly an e-commerce expert at The Boston Consulting Group; Andrew Olmsted, previously focused on innovation management and early-stage companies at Arthur D. Little; and Andy Sack, founder of successful Internet companies Abuzz Technologies and Firefly.

Launched in 1999, Cambridge Incubator is pioneering a new breed of business incubator with its Active Incubation approach that fosters speed, ingenuity and success for entrepreneurial e-business teams. This highly interactive, hands-on cultivation of member companies provides entrepreneurs with direct access to business management services, recruitment assistance, technical talent, accelerated capital, and counsel from experienced, prominent business leaders in a state-of-the-art environment that encourages collaboration and rapid growth. Publicly announced member companies include Etineraries, a next-generation travel site focused on business travelers, and Veritas Medicine, a medical information site focused on needs of patients with life altering diseases.

"The opportunities for entrepreneurs today are staggering, yet the challenges are daunting. To address the speed-to-market, financial, and operational requirements facing these entrepreneurs, we have developed a collaborative, real-world approach to building businesses," said Tim Rowe, founder and CEO, of Cambridge Incubator. "We are taking a new approach to developing our team and creating an environment that breeds success - with successful entrepreneurs and business leaders sharing their insights, knowledge and lessons learned with the next generation of e-business leaders."

Michael Barrow, director of Network Operations, the most recent addition to the Cambridge Incubator team, is a leading expert in scaleable network operations. In addition to establishing the network infrastructures for the Incubator's member companies, Barrow leads the technical development of Cambridge Incubator's new state-of-the-art facility, to be opened in early 2000. A member of the MIT entrepreneurial community for several years, he is also maintaining his position as founder of a network operations company. Previously, Barrow was chief systems engineer for Firefly and has led networking efforts at such organizations as the Massachusetts Institute of Technology and Epoch Internet.

David Sack, director of Marketing, heads up all marketing and public relations initiatives for Cambridge Incubator. He is responsible for the development of CI's core identity, key messages and marketing strategy while also coordinating all press activity. He has created a marketing triage kit that his team uses for rapid analysis, diagnosis and implementation of a member company's basic needs. Prior to joining the organization, he worked as a consultant for Abuzz Technologies, which was sold in August 1999 to the New York Times Company. He holds an MBA from Boston University and a BA from Skidmore College.

Debra Woog McGinty, director of People Strategy, is responsible for supporting Cambridge Incubator's unique, innovative culture by ensuring the development and retention of top-notch staff. Woog McGinty, an entrepreneur herself, founded connect2, a coaching organization that applies psychology, business methodologies, and creative problem solving techniques to address personal, professional and business challenges for entrepreneurs. Woog McGinty cultivates expertise and relationships that enable member companies to create a high-performance environment by fostering progressive thinking, continuous learning and team building for success. By applying her skills and training in proactive conflict resolution she aims to create a leading-edge work environment that can be modeled by member companies and other organizations. Woog McGinty holds an MBA from MIT Sloan School of Management and a BA from Wellesley College.

About Cambridge Incubator

Based in Cambridge, MA, Cambridge Incubator has pioneered Active Incubation, a revolutionary new business model that creates successful e-businesses in record time, bringing together an unprecedented level of collaboration, applied industry experience and capital. Through its unique Venture Campus environment, Cambridge Incubator helps emerging e-businesses develop and execute winning strategies to rapidly navigate the course from idea inception to market success. Visit www.cambridgeincubator.com for more information.