CorVu Corporation and Minnesota American Finalize Merger Agreement.

MINNEAPOLIS--(BUSINESS WIRE)--Nov. 18, 1999--

Minnesota American, Inc. (OTCBB:MNAC) and CorVu Corporation announced today that they have signed a definitive Merger Agreement, effective November 17, 1999.

The Merger Agreement provides for Minnesota American to issue 1.125 shares of its common stock for each share of CorVu common stock, creating a post-merger equity division between the two companies of approximately 25% / 75% respectively. Terms of the Agreement include provisions for the resignation of current Minnesota American board members and corporate officers, election of new directors (to include two directors from Minnesota American), a change of the corporate name to CorVu Corporation, and the sale or other disposition of Minnesota American's two subsidiaries, Lockermate and Favorite Memories, for a designed minimum net amount of cash and cash equivalents.

The merger is expected to close in the fourth quarter of 1999, subject to approval of Minnesota American and CorVu shareholders.

According to Mr. Justin Macintosh, President and CEO of CorVu Corporation, "This reverse merger with Minnesota American delivers an enormous win for both companies. CorVu accelerates and controls the process of becoming a public entity as well as raising additional capital for our continued expansion. Shareholders in Minnesota American receive the benefit of becoming stakeholders in an established, innovative, and rapidly growing global software corporation."

"We are very excited about the merger with Minnesota American because it allows us to add value for our shareholders. We deliberately opted for a reverse merger strategy because it facilitates becoming a public entity, preserves senior management focus on our business while going public, dramatically reduces risk, and delivers an immediate, loyal, and active shareholder base." MacIntosh added.

The announcement comes at a very exciting time for CorVu. "We have just announced the launch of two innovative new products - CorBusiness and CorManage," continued MacIntosh "and just this week, CorVu received a prestigious award from ComputerWorld Magazine as one of it's `Top 100 Emerging Companies to Watch in 2000'. Due to broad market acceptance of our products, our yearly growth is at an all time high".

In their fiscal year ending June 30, 1999, CorVu revenues were in excess of $12 million, having grown nearly 100% annually over the past two years.

About CorVu Corporation

CorVu is the leading global provider of Enterprise Business Performance Management and Balanced Scorecard Solutions, combining Balanced Scorecard applications with OLAP query and reporting, executive dashboard alters, and predictive solutions including forecasting and what if modeling. CorVu provides the most complete Enterprise Business Performance Management solution available today.

CorVu has U.S. offices in Minneapolis, Atlanta, Boston, Chicago, Cincinnati, Dallas, Los Angeles, New York, San Francisco, and Washington D.C.; Asia-Pacific offices in Sydney, Auckland, Melbourne, Brisbane and Perth, and European offices in London, Munich, Sheffield, Stockholm and Rotteram. With more than 2,500 customers, including companies such as CitiGroup, American Express, British Airways, Datacard, Mincom, Prudential Insurance, Johnson & Johnson, Sara Lee, Ford Motor Company, and Merck, CorVu's Enterprise Business Performance Management and Balanced Scorecard solutions are rapidly gaining broad market acceptance.

Additional information about CorVu products and services can be found on CorVu's web site at http://www.corvu.com.

The CorVu Solution

The CorVu Business Performance Management Solution enables corporations to easily unlock the strategic value of enterprise data stored in data warehouses and ERP systems, allowing them to measure, analyze, and manage business performance, linking it to the strategic decision-making process. CorVu was the first company to develop off-the-shelf software that automated the world-renowned Balanced Scorecard methodology and integrated it with traditional Business Intelligence. CorVu aligns and then manages relationships between operational activities and strategic objectives, resulting in improved enterprise-wide performance. "We help our customers drive the leading indicators which contribute to improving their bottom line and shareholder value." MacIntosh says.

CorVu's software also provides a collaborative environment for managers and employees to exchange performance information, including commentary, which facilitates communication of vision and strategic objectives from the boardroom to all levels of the organization. With CorVu's integrated software, corporations derive a rapid return on investment due to the speed and simplicity with which the solution can be implemented.

The CorVu software is easily deployed across the worldwide web using a browser or in the traditional client/server environment, depending upon what the customer requires.

About the Balanced Scorecard

Dr. Robert Kaplan and Dr. David Norton introduced their business performance methodology called the Balanced Scorecard in their 1992 Harvard Business Review article "The Balanced Scorecard - Measures that Drive Performance." The Balanced Scorecard recognizes four dimensions that are integral to developing an enterprise view of performance: financial perspective, customer perspective, internal processes, and learning and growth. Implementing the Balanced Scorecard as a business performance management system enables an organization to translate the mission statement and strategy into specific goals and measurements. These goals and measurements are communicated throughout the entire organization, thus providing a blueprint for how each employee contributes to the success of the organization.