NetCompliance, Inc. Appoints Gisella Spreizer as Its Environmental Health and Safety Products Manager.

Business Editors/Hi-Tech Writers

WASHINGTON--(BUSINESS WIRE)--Feb. 28, 2001

NetCompliance, Inc. (www.netcompliance.com), the nation's leading provider of "paperless" compliance solutions, online worker training programs, and safety products for companies regulated by the federal government, today named Gisella Spreizer, formerly of PricewaterhouseCoopers, as its Environmental Health and Safety (EH&S) Products Manager.

In this new role, Ms. Spreizer will be responsible for directing the NetCompliance EH&S products line. Her ability to combine environmental, health and safety and technical expertise with a firm understanding of the broader company financial and strategic issues, is critical for any management system implementation.

NetCompliance CEO, Krish R. Krishnan said "Gisella brings to NetCompliance more than 16 years of broad-based technical and management systems consulting experience in the development and implementation of EH&S solutions for businesses."

NetCompliance COO John Domenech said "Gisella will help NetCompliance customers to upgrade their regulatory compliance and worker training requirements and improve their risk management strategies, especially in the key economic areas of petroleum, transportation, utilities and manufacturing."

Before joining NetCompliance, Ms. Spreizer was Manager, Environmental Advisory Services, for PricewaterhouseCoopers, LLP, Boston, MA. Prior to that, she was a Principal in the firm of GMS Environmental, Andover, MA., and a Vice President of ARCADIS Geraghty & Miller, Inc., Lowell, MA.

Ms. Spreizer's responsibilities in these positions included senior technical support as well as oversight and strategic positioning of business units to achieve growth and new client development.

Ms. Spreizer received her BS in Chemistry, and was Magna Cum Laude and a Phil Beta Kappa, at Hofstra University, New York. She also received her MA in Applied Mathematics, from Hofstra.

ABOUT NETCOMPLIANCE AND THE WORLD OF REGULATION

Companies today are faced with a staggering amount of rules and regulations regarding compliance and worker training. For instance, the Rochester Institute of Technology has estimated that Americans had spent over $750 billion in the year 2000 to comply with various rules and regulations.

Meanwhile, the Kiplinger Washington newsletter has reported that Internet-based corporate training will multiply fivefold in the next three years, climbing to $11 billion by 2003 and representing roughly 10 percent of the total training budgets of many corporations.

Kiplinger also reported that the shift to e-learning will be especially pronounced among small companies, who are expected to spend one half of their training budgets on Internet courses by 2004, up from 20 percent last year.

Even government agencies are making the Internet the medium of choice to collect, store, and publish regulatory compliance knowledge and training information. For instance, the Internal Revenue Service is making electronic tax filing truly paperless and projects that 42 million US taxpayers will chose the e-file option in 2001, 20 percent more than last year's record number.

Meanwhile, the Occupational Safety and Health Administration offers interactive computer programs that tell businesses how to comply with rules and the Environmental Protection Agency has established Web-based compliance assistance centers targeted to specific areas of regulation.

And the Federal Communications Commission has announced its move towards a digital agency, whose user-friendly and electronic environment will allow stakeholders to communicate and comply with the agency via online services.

"As new laws and regulations are passed worldwide, the compliance and training environment continues to be increasingly complex, constantly changing, and a burden on businesses to keep up with," said Mr. Krishnan. "This has created an astonishingly large niche market for NetCompliance and its unique line of subscription-based electronic products and services. Through our eComply(TM) technology engine, NetCompliance affords international companies a better, cheaper, and faster way to determine compliance needs, meet training requirements, obtain specialized products and services, and manage regulatory-related information to government agencies," he added.

Begun in 1998, NetCompliance's client list has included such companies and organizations as: Enron, Caesar's Palace, Duke Engineering and Services, Boise Cascade, Weyerhaeuser, Surgical Synergies, and Nebraska Health Systems, among others.

NetCompliance is a member of the Advisory Committee to the US Congressional Internet Caucus, which includes other stellar companies such as Microsoft, MCI, IBM, and AOL.

Last October, NetCompliance received a substantial investment from NeSBIC Cte Fund, a Netherlands-based independent venture capital fund targeted at fast-growing, collaborative commerce and technology companies listed on stock markets.

NetCompliance completed a number of strategic partnerships last year, including most recently with the prestigious Washington, DC law firms of Verner, Liipfert, Bernhard, McPherson and Hand, to pursue business relationships with Fortune 100 companies, and Patton Boggs, to attract companies seeking a niche in the regulatory compliance field.

Late last year, NetCompliance also acquired B-Safe, a Southern California-based distributor of health and safety equipment, in a multi-million dollar deal. The acquisition allows NetCompliance to offer a comprehensive e-commerce line of health and safety products from over 100 suppliers to companies whose purchases are fulfilled via the power of NetCompliance's compliancemall.com web site.

In 2001, NetCompliance has announced three other new appointments: Marc Chafetz, a former private equity executive, as its Chief Strategy Officer; Eric Steinmiller, a former compliance consulting firm partner, as Business Development Officer; and Leo Giacometto, a key staff aide to Senator Conrad Burns during passage of the historic Telecommunications Act of 1996, as a member of its Advisory Board.