Celerity Signs Contract With Paper Manufacturer Crown Vantage For The Implementation of its Inventory Management Solution.

DEDHAM, Mass.--(BUSINESS WIRE)--Feb. 3, 1999--Celerity Solutions, Inc. (Celerity; NASDAQ:CLTY), a leading single source solution provider of supply chain and warehouse management software for the middle market, announced today an agreement with Crown Vantage. Crown Vantage is a leading manufacturer and distributor of coated and uncoated printing and publishing papers as well as a large line of speciality papers. Crown Vantage will implement Celerity's Inventory Management (IM) solution in their distribution centers located throughout the United States. The solution will address Crown Vantage's changing business requirements as the company continues to expand its delivery and information services to its customers nationwide. Celerity's IM solution gives Crown Vantage visibility into inventory and facilities storage in their distribution centers. The IM system will improve Crown Vantage's high quality and value-added customer service standards by providing immediate access to inventory availability status.

"Implementing Celerity's state-of-the-art Inventory Management software at Crown Vantage's distribution centers brings considerable value to their supply partners and customers with expanded innovation, service and productivity capabilities," commented Luda Kopeikina, CEO of Celerity Solutions, Inc. "We anticipate a continued relationship and are committed to be Crown Vantage's comprehensive solution provider for their current and future planning and execution needs."

Crown Vantage was founded in August 1995, when it was spun-off by James River Corporation. Crown Vantage maintains a successful differentiation strategy that includes introducing value-added papers distinguished by coating, color, texture, and barriers to grease, moisture and odors. Developing innovative paper products began at Crown Vantage in the 1970s when their mills pioneered coffee filter papers. Today, Crown Vantage offers a branded product line from Crown Vantage Uncoated Printing and Publishing Papers.

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 a 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, Mass.; Newark, NJ; Chicago, Ill.; Atlanta, Ga.; Irvine, Calif.; and St. Petersburg, Russia. Some of Celerity's customers include Distribution Dynamics, Corporate Express, Northern Telecom, Pleasant Company, Honeywell, Champion Export Corporation, Image Entertainment, and United Liquors. Additional information is available through the company's Web site: www.celeritysolutions.com.

More detailed information about this relationship is available on Celerity's Web site. For more information about Celerity products and servicers contact: Dave Waldron, Celerity Solutions Inc., 270 Bridge Street, Dedham, MA 02026 phone [phone], fax [phone], [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 results 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.