Celerity Expands Demand Forecasting Capabilities of Its Supply Chain Solution Through a "STAR" Alliance With ALT-C Systems, Inc.

DEDHAM, Mass.--(BUSINESS WIRE)--Nov. 2, 1998--Celerity Solutions, Inc. (Celerity)(NASDAQ:CLTY), a leading single source solution provider of supply chain management software for the middle market, announced today that ALT-C Systems, Inc. (ALT-C), a company specializing in demand forecasting software, becomes a member of Celerity's "STAR" (Strategic Team for Accelerated Results) partnership program. By seamlessly integrating Celerity's Supply Chain Planner (SCP) with the ALT-C's demand forecasting software, TimeTrends, Celerity will offer advanced demand forecasting capabilities to the market.

"Our customers are demanding more sophisticated solutions that are designed to maximize the efficiency of their supply chain," commented Paul Fluckiger, President of the Supply Chain Division at Celerity Solutions, Inc. "The integration of SCP and TimeTrends yields a solution that delivers the most sophisticated supply chain planning solution in the marketplace, while delivering it in a simple, user-friendly graphical interface."

Integrating these best-of-breed applications adds value to the Celerity product offering by advancing demand forecasting capability that is tightly linked to continuous planning. Through a unique planning methodology used by Celerity's SCP product, the customer can continuously monitor the supply chain, and respond instantly to changes in the supply, demand or planning rules. Celerity's customers quickly benefit from improved inventory utilization, more efficient purchasing, lower operating cost, resulting in improved customer service. TimeTrends forecasts future inventory demand, and utilizes a powerful mathematical engine and multiple algorithms, including historical trends and seasonality patterns, that produces accurate forecasts. By implementing TimeTrends, the customers of ALT-C have found many benefits including reduced inventory within months of installation, credible forecasts, and they are able to accurately predict effects on seasonal products.

"After evaluating numerous planning products, Celerity is the only vendor with an SCP product that provides real-time planning capabilities," commented Martin Lum, Director of Marketing at ALT-C. "This partnership provides our customers with a distinct advantage over their competitors."

Through the seamless integration of Celerity's SCP patented, continuous planning methodology, and TimeTrends advanced forecasting capabilities, companies now have real-time, up-to-the-minute views of their supply chain, which helps these companies improve planning accuracy. This improvement results in the acceleration of the supply chain by increasing inventory turns, improving customer satisfaction and increasing productivity levels.

ALT-C Systems, Inc., headquartered in Montreal, Canada, is a privately held software company specializing in forecasting decision support tools. The company, founded in 1992, advances its research and development in its Montreal location. TimeTrends has a proven track record in making forecasts accessible, easy, and effective for customers such as, Antec Corporation, Parmalat, BOC Gases, Bayer, National Spinning Company, and many others.

Celerity Solutions, Inc., provides a unique broad-based offering of supply chain planning and execution products for the manufacturing and distribution industries ranging from Supply Chain Planning through Warehouse Management software products. Celerity, which means "with swiftness of movement", is focused on accelerating the movement of customers' materials and products through their supply chains, while optimizing their inventory investment and improving customer service. Celerity's software is designed to integrate planning and transaction-based systems, and to provide real-time visibility to inventory movement throughout the supply chain. Founded in 1982, Celerity has offices in Dedham, Massachusetts; Newark, New Jersey; Chicago, Illinois; Irvine, California; and St. Petersburg, Russia. Some of Celerity's customers include Distribution Dynamics, United Liquors Limited, Corporate Express, Nortel, Pleasant Company, Honeywell, Wesley Jessen, Champion Paper, Image Entertainment, and Methanex Methanol. Additional information is available through the company's Web sites: www.celeritysolutions.com and www.somersetwms.com.

For more information about Celerity products and services contact: Melisa Silverman, Celerity Solutions, Inc., 18301 Von Karman Ave., Irvine, CA 92612, phone [phone], fax [phone], email [e-mail].

This press release may contain certain forward-looking statements, e.g. "expect", "projected," within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those presently anticipated or projected. Celerity cautions readers not to place undue reliance on any forward looking statements, which speak only as to management's expectations on the date hereof. Celerity does not undertake -- and specifically declines any obligation -- to publicly release the result of any revision which may be made to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events