NHancement Technologies Announces Legendary Bond Trader Tom Baldwin's Intent to Significantly Increase Holdings in NHancement's Stock.

Business Editors and Technology Writers

PLEASANTON, Calif.--(BUSINESS WIRE)--July 31, 2000

Mr. Baldwin Intends To Purchase Up To 15% of NHancement's

Outstanding Shares.

NHancement Technologies, Inc. (Nasdaq:NHAN) today announced that Tom Baldwin, a prominent bond trader, has announced his intent to acquire a substantial number of NHancement Technologies' shares.

Mr. Baldwin has indicated he plans to increase his total holdings to up to 15 percent of the shares outstanding. The Chicago Tribune reporting on Mr. Baldwin's influence wrote, "Lucian Thomas Baldwin III has established himself as a legend in the Chicago Board of Trade's U.S. Treasury bond pit... assured the Missouri native a permanent place in futures industry lore... His very presence in the T-bond pit can cause markets to spike up or down in price."

Tom Baldwin stated, "I am extremely impressed by NHancement Technologies' new strategic direction. Their new business plan is solid and well thought out. It is supported by a very strong management team with strong business partnerships. NHancement is positioned to become a premier service provider of advanced unified communications products and solutions. This emerging unified communications and unified information (UC/UI) market space has enormous potential, growing to over $30 Billion in the next five years. There is a huge opportunity for companies that understand the full picture. NHancement's strategy is to deliver a full service UC/UI solution."

Doug Zorn, NHancement Technologies' President and CEO, comments, "Tom has taken a keen interest in our company and our new business strategy. He has committed to increasing his current NHancement holdings to up to 15 percent of the current shares outstanding. His holdings will provide added support for our stock. We are extremely excited about Tom possibly taking a more active role in our company."

Tom Baldwin has established himself as a premier bond trader in the Chicago Board of Trade's U.S. Treasury Bond arena. He currently serves as Chairman of Baldwin Group, Ltd. which is the parent company of numerous investment and financial services firms including: Baldwin Commodities Corporation, a Treasury Bond Futures proprietary trading company. MC Baldwin Financial Company, an international financial services joint venture between Mitsubishi Corporation  and Baldwin Financial Corporation. Baldwin Managed Futures, a CTA. From 1991- 1998 Baldwin Asset Management Company, a real estate management company. From 1990 - 1998 Baldwin Development Company, a real estate joint venture with Chevron USA and ING Group, Holland.

Mr. Baldwin's professional membership and activities notably included being a full member director of the CBOT Committee where he was involved in the following activities: Executive Committee. Chairman of the CPO/CTA Advisory Subcommittee. Exchange Relations Group. Chairman of the Regulatory Compliance Committee. In 1987 and 1988 was on the Floor Governors Committee. In 1986 was on the Committee for Reg. 320.15 and 320.16. In 1985, was Vice Chairman T-Bond Pit Committee. His other activities are too numerous to mention in this release.

About NHancement Technologies Inc.

NHancement Technologies Inc. is a software applications and services company that specializes in unified communications and information solutions. This includes facilitation of an enterprise's electronic business transactions (e-Commerce) and customer service interactions. The Company offers a range of computer telephony products and services that work in both Internet-enabled environments and over standard telephone lines. NHancement's products orchestrate client use of telephone, e-mail, faxing, paging and Web-based communications to keep in touch with customers and with one another. As millennial enterprises must cope with a variety of communications channels and a mobile workforce, NHancement has developed an end-to-end solutions suite to enable companies to do business on the road as effectively as in the office. By simplifying business communications and improving access to distributed corporate information (data) resources, NHancement products help clients build solid customer relationships and maximize revenue opportunities.

NHancement Technologies' voice processing expertise, software development expertise, and information technologies allow them to "connect the dots..."for their clients by providing end-to-end unified communications and information solutions. NHancement's combination of voice, data, and Web-enabled software provides the connectors that allow NHancement to seamlessly link together every key internal and external audience in their enterprise: customers, employees, partners and investors.

NHancement Technologies recently has launched a major new initiative, working with Cisco Systems and other leading companies, to deploy the infrastructure necessary to deliver web based unified communications and unified information software applications to end-users in a recurring revenue format. The Company anticipates that, once the infrastructure is in place, the majority of its future revenues will be derived from recurring service fees, as many companies and customers prefer to outsource the software and hardware infrastructure requirements and pay on a per use basis.

The Company can be reached at http://www.nhan.com.

Note: Except for historical information contained herein, the matters set forth in this announcement are forward-looking statements. Forward-looking statements in this announcement are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Forward-looking statements include the plans of Mr. Baldwin to increase his holdings in NHancement Technologies shares. Potential risks and uncertainties include, but are not limited to, such factors as: market acceptance of the Company's software products, market demand, product performance, technological developments, maintenance of relationships with key suppliers, difficulties in hiring or retaining key personnel, the availability or timing of acquisition or restructuring opportunities, risks in integrating any acquired companies, approval of various governmental authorities, competition and other factors described in the Company's SEC filings.