Cenetec Fast-Tracks Senior Executive Team.

Business Editors/Technology Writers

BOCA RATON, Fla.--(BUSINESS WIRE)--July 12, 2000

Cenetec, the technology accelerator company, this week continued its rapid growth curve, with President Scott Adams announcing the appointment of several executives. Joining the company's management "braintrust" are:

--   Director of Operations Zach Bell, who will head Cenetec's Miami
     technology accelerator. Most recently, Bell was Chief Operating
     Officer of Miami-based Visualcom Inc., guiding the e-Commerce and
     I-Business solutions provider to a lead position in Latin
     America's emerging digital marketplace. Previously, he headed
     Project Management Services, a technology and financial
     consulting firm he founded in Miami. A U.S. Naval Academy
     graduate, he served for nine years as a commissioned officer,
     naval aviator and Department of Defense Intelligence Staff
     Officer. A doctoral candidate in Industrial Engineering, he holds
     master's degrees in business and engineering from the University
     of Miami, and is a founding member of the Miami Internet
     Alliance.

--   Director, Acceleration Team James Cashion, who will direct a team
     guiding Cenetec's entrepreneurs-in-residence along disciplined
     acceleration tracks. Cashion, based at the Boca Raton
     accelerator, formerly was director of finance at web hosting
     company Verio. Previously, he was with UK-based Cookson Group as
     director of audit and acquisitions for Europe and the Americas,
     and with C.R. Bard, as plant manager for the medical
     manufacturing company in Mexico.

--   Director of Finance Michael J. Chalhub, a Certified Public
     Accountant who has held senior finance positions with KPMG Peat
     Marwick, L.L.P., Coca Cola Enterprises and World Class
     International, Ltd. Previously he was controller for Insight
     Management, Inc. where he focused on professional service firms
     in the high tech area.

--   Director of Human Resources Sandra L. Egan, a change management
     and technology workforce expert whose 20-year career includes
     directing human resources for Command Software Systems and
     serving as Senior Consultant for Arthur Young & Company (now
     Ernst & Young).

--   Director of Operations Jason Gad, who is heading the Boca Raton
     accelerator operations. Gad was admitted to the Florida Bar in
     1996 and previously held senior management positions with
     CyberGate and Nova Southeastern University Law Center where he
     concentrated on operations, project management, product
     management, and outsourcing relationships.

--   Director of Business Development Bill Greene, with 25 years'
     experience in technology business development in the domestic and
     international markets. He has directed strategic sales and
     marketing programs in technical fields ranging from
     computer-aided software engineering to robotic factory automation
     systems for S.A.Y. Technology Group, Litton Integrated Systems,
     Inc. and CIMCorp., Inc.

--   Assistant General Counsel Rebecca Hamilton, an attorney whose
     experience includes a private practice concentration in
     intellectual property and new media law, and an executive
     management position with ValueWeb, one of the largest
     shared/dedicated hosting and co-location services companies in
     the world.

--   Director of Technical Operations Jay Mandelstein, formerly
     executive vice president and chief operations officer of e-Save
     Network, Inc., a fast-growing online supermarket and retail store
     rebate company. Previously, he helped direct the technology
     transformations of the National Council On Compensation Insurance
     as chief information officer, and The Dun & Bradstreet
     Corporation's Information Resources business as senior vice
     president.

"The depth of our management braintrust is essential to Cenetec's intensive approach," Adams noted. "We're nurturing entrepreneurs at Internet speed, with counsel from successful, hands-on veterans in each discipline."

Cenetec is the technology accelerator company led by accomplished Internet entrepreneurs. It infuses Internet startups and fast growing companies with the strategic guidance, technology "braintrust", facilities, business resources and capital access to rapidly accelerate high growth potential products and services to market.

Cenetec is developing a series of technology accelerators, with the first two located along the InternetCoast in Boca Raton and Miami, Florida. Headed by Cenetec founder and Internet pioneer Adams, the executive team includes CEO Bill Hager, COO Jeffrey D. Rubenstein, CTO Dr. Richard Ford and General Counsel Bob White. 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 http://www.cenetec.com.