Coloroc Materials, Inc. Joins BuildNet as a Dealer/Distributor.

Business Editors

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Jan. 18, 2001

Masonry Materials Dealer to Offer Integrated Business-to-Business

E-Commerce Capabilities to Customers Via BuildNet Technology

BuildNet, a leading provider of supply chain-wide information synchronization for the annual $800 billion U.S. construction industry, today announced that Coloroc Materials, Inc., a masonry materials dealer serving West Central, Fla., has joined BuildNet as a dealer/distributor member.

Through the agreement, BuildNet will provide Coloroc with access to and transaction capability from contractors' back-office systems, Web interfaces, and wireless devices to engage in the electronic procurement of building materials. BuildNet will also provide Coloroc with continuous brand identification on BuildNet.com, where Coloroc's name and logo will appear along with links to its catalog data and its own Web-site. Coloroc's catalog data will include product photographs, codes, SKU numbers, and descriptions and will be built, managed and displayed using tools provided by BuildNet.

BuildNet's supply chain-wide information synchronization solution includes products and services which add efficiencies, streamline demand and supply chain processes, and synchronize information exchanges among different links in the supply chain. BuildNet's solutions aim to reduce costs and delivery lead times, and increase contractor speed-to-market in the construction industry. Supply chain synchronization seamlessly integrates critical business information across different computer platforms, software systems and companies.

"Coloroc delivers high quality masonry products and services to Florida builders and contractors, and we're pleased to have them join BuildNet," said Bob Riefstahl, Vice President of Sales for Dealer/Distributors for BuildNet. "Our agreement should benefit Coloroc by allowing BuildNet's user community to view and procure their products in real-time over the Internet."

"We have always worked hard to deliver quality products and services in a timely and accurate manner," said, Jim Bird, President of Coloroc. "We believe BuildNet will help us provide integrated real-time information about our products and services to our customers through the Internet, ultimately improving our service and support levels."

About Coloroc Materials, Inc.

Coloroc Materials, Inc., located in Tampa, Fla., specializes in the distribution and sale of brick, natural stone, cultured stone, stucco supplies, glass block and masonry related setting materials. In addition, Coloroc stocks a full line of masonry tools and equipment, including Curry, Rose and Marshalltown trowels and Stow mortar mixers. The company serves builders and contractors in West Central, Fla. For more information on Coloroc, visit http://www.coloroc.com .

BuildNet, Inc.

BuildNet, Inc., located in Research Triangle Park, N.C., is a leading provider of supply chain-wide information synchronization for the annual $800 billion U.S. construction industry. BuildNet offers information synchronization through its Internet-based transactions, its widely used enterprise resource planning and project management software systems, its Portal Group, and its Web site, BuildNet.com, which delivers electronic catalogs, construction-related applications, business intelligence, and financial services. BuildNet also allows users to engage in integrated e-commerce with any other BuildNet-enabled user or allied trading partners, as the Company automates and synchronizes their key business activities, including scheduling, bid management, collaboration, procurement, and logistics. BuildNet also provides connectivity solutions for each link in the supply chain, enabling the right products and services to be delivered to the right places at the right times and at the lowest possible cost, a much-needed service in the highly-fragmented construction industry.

BuildNet provides the deepest domain expertise in the construction industry and presently has thousands of customers implementing its applications. Its aggregated software customer base among home building contractors alone is over 60% of U.S. single-family home closings. Its dealer/distributor systems, provided by BuildNet subsidiary, NxTrend, are used today by 86,000 users within 900 local and national businesses, including three of the nation's top ten construction suppliers; four of the nation's top ten electrical product distributors; and three of the nation's top ten wholesalers of plumbing and HVAC products. BuildNet's warranty claims company, KPI, provides electronic warranty claims services. BuildNet's Portal Group optimizes the supply chain using an Open Commerce Server transaction engine that simplifies the transaction flow for all members of the industrial distribution, PHAC, electrical distribution, and contractor communities, as it provides three levels of back-office enablement, including e-mail or fax, EDI or batch file transmissions, and XML communications. For more information about BuildNet, visit http://www.buildnet.com .