Cenetec Builds Strategic Partner Team, Value for Technology Accelerator Companies.

Business Editors

BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 1, 2000

Fast-tracking the infrastructure to accelerate technology companies to market, Cenetec today announced strategic partner agreements with three companies, Great Plains Software, Global Crossing Conferencing, and Auxillium West. The three companies will offer high-value, essential services to start-up and fast-growing technology companies within Cenetec's accelerator portfolio. "We are building our strategic partner team, and our value to Cenetec client companies. These partners are the best in their respective fields, offering the proven resources that can make a real difference in a company's timeline, both during and following acceleration," said Cenetec Chief Operating Officer Jeffrey D. Rubenstein. He noted Cenetec launched its strategic partner program with the national tenant advisory firm Julien J. Studley, which will advise accelerator companies on real estate solutions.

The new partners and their agreements include:

Great Plains Software

Great Plains (Nasdaq:GPSI) provides e-business solutions that interconnect businesses with their communities. Great Plains' e-business applications integrate with their powerful transactional backbone, which includes applications for financials, distribution, enterprise reporting, project accounting, electronic commerce, human resource management, manufacturing, sales and marketing management, and customer service and support.

At no cost during the acceleration period, Cenetec companies will have use of Great Plains modules including Systems Manager, General Ledger, Accounts Receivable, Accounts Payable, Bank Reconciliation and Fixed Assets, and others.

Global Crossing Conferencing

Global Crossing Conferencing has set the standard for innovative technology and customer service, offering a full suite of services including audio, video, data and web conferencing. The company is part of Global Crossing Ltd. (Nasdaq:GBLX) which is building and offering services over the world's first global fiber optic network with 101,000 announced route miles, serving five continents, 27 countries and more than 200 major cities.

The company will provide Cenetec client companies with Ready-Access 16-port conferencing with no monthly charge and no minimum usage requirements, with per minute/per line rates on par with Fortune 500 company usage.

Auxillium West

Auxillium West is the one-stop solution for affordable office automation that maximizes Human Resources (HR) efficiency and effectiveness in small to mid-size companies. The company will provide a series of HR modules to Cenetec client companies at no charge and with no contract, for a small one-time fee. These modules include: HRSource, HRIS, HR Intranet Solution and The Virtual HR Department. Companies can continue to utilize the package at a significantly reduced cost after the acceleration period.

Cenetec is developing a series of technology accelerators with the first two located along the InternetCoast in Boca Raton and Miami, Florida. The company infuses Internet startups and fast growing technology companies with the strategic guidance, technology "braintrust," facilities, business resources and capital access to rapidly accelerate high growth potential products and services to market. Led by accomplished Internet entrepreneurs, Cenetec is headed by founder and Internet pioneer Scott Adams. The company's executive team includes CEO Bill Hager, COO Jeffrey D. Rubenstein, CTO Dr. Richard Ford, General Counsel Bob White, and Vice President of Marketing and Communications Richard Rogers. The company's venture capital investors include Rock Creek Capital, HIG Ventures, Interprise Technology Partners and Sun Capital Partners. Cenetec is headquartered at 4950 Blue Lake Drive, Suite 900, Boca Raton, Florida 33431, 561/981-0200. More information is available at www.cenetec.com.