DWL Appoints Jim Modak as Chief Financial Officer; Software Executive Brings Over 20 Years of Operational Experience.

Business/Technology Editors

NEW YORK--(BUSINESS WIRE)--Dec. 5, 2001

DWL Incorporated, a leading provider of real-time enterprise customer management applications, today announced the appointment of Jim Modak as chief financial officer.

In his role, Jim will be responsible for overseeing DWL's corporate financial management as well as capital raising and analyzing strategic opportunities.

Prior to joining DWL, Jim served as managing director and co-founder of Armada Venture Group, an Atlanta-based venture capital investor who invested in e-commerce software enterprises. Before that, Jim was chief financial officer of several private and public enterprise software companies including TRADEX Technologies, where he played a crucial role in the successful merger between TRADEX and Ariba. TRADEX was acquired by Ariba for $5.6 billion in Ariba stocks in March 2000, one of the largest software mergers to date.

"DWL is going to benefit greatly from Jim's public market experience and his intimate knowledge of the software market. We look forward to the contributions he'll make to DWL's management team," said John Baumstark, president and CEO, DWL Incorporated.

"DWL's key strengths are its proven enterprise software technology and customer satisfaction as validated by the investment community. I am very confident of DWL's rapid growth and am excited to have the opportunity to be part of this success," said Jim Modak.

Jim has held senior financial positions in numerous public companies, including both software and financial services companies. Since he began his career at KPMG Peat Marwick, where he spent 12 years, he has participated in more than 50 acquisitions throughout his career path. Jim graduated from The University of Notre Dame in 1979.

About DWL

DWL enables companies to unify, view and update customer information across all business lines and systems in real time. By consolidating fragmented customer, account and product transactions into single enterprise applications, DWL gives customers, partners, suppliers and employees a single view of the enterprise. The result is consistent and real time delivery of products and services, strengthened relationships with key business audiences and increased return on companies' back office, front office and CRM systems.

Founded in 1996, DWL has offices in New York, Toronto, London, Paris and Sao Paulo. DWL clients include AXA, MetLife, Erie, Manulife, CGU, The Body Shop, Royal & SunAlliance and Cara Foods, among others. DWL has system integrator and platform relationships with IBM, Accenture, Sun Microsystems, BEA Systems and Palm Computing. For more information, please visit www.dwl.com