PTEKventures Leads $7 Million First-Round Funding for ScienceWise.com.

Business Editors

ATLANTA--(BUSINESS WIRE)--April 11, 2000

PTEKVentures to Build its Network with Investment in

Leading Science and Engineering B2B Web Site 

PTEKVentures, the investment unit of PTEK Holdings, Inc. (NASDAQ: PTEK; www.ptek.com), today announced that it has led a $7 million investment round in ScienceWise.com, the B2B workplace on the Web for science and engineering. PTEKVentures invested in ScienceWise.com, along with investments from Fuqua Ventures (www.fuquaventures.com) of Atlanta and Pythagoras Participations of Brussels, Belgium, all of which have interests in Webforia. Bellevue, Washington-based Webforia previously announced a $2 million strategic investment in ScienceWise.com as part of the first-round funding.

ScienceWise.com is the leader in reaching individual science and engineering professionals in the $247 billion R&D marketplace and has a registered user base of more than 100,000. ScienceWise.com provides information on $30 to $35 billion in annual research grant funding opportunities from corporations, foundations and the federal government. ScienceWise.com provides access to published research through its partnership with the Institute for Scientific Information (ISI), the world's largest information aggregator of published scientific research. In addition, the site brings scientific news, jobs, scholarships and legislation to its professional audience.

"ScienceWise.com is a great addition to the PTEKVentures network," said Boland T. Jones, PTEK Holdings' Founder, Chairman and CEO and PTEKVentures' Chairman. "ScienceWise.com has an experienced management team, and we believe they will become a major player in building a B2B Web community for the science industry. In addition, we see a lot of synergies with other companies in our network, such as Webforia."

"We are delighted to be part of PTEKVentures' network of Internet companies and receive the associated support from Fuqua Ventures and Pythagoras," said John Rodman, President and CEO of ScienceWise.com. "This funding round will be used to roll out our branding campaign, complete our management team, and speed up production of key enhancements for ScienceWise.com. The Network includes our application partner, Webforia, which recently announced an agreement with CNN to provide targeted content to communities."

Editor's Note: ScienceWise.com is launching its new site at the National Press Club Tuesday, April 11, 2000, at 6 p.m. in Washington, D.C. with presentations by Boland Jones of PTEK, John Huntz of The Fuqua Fund and other key partners. Representatives of the scientific research community in industry, academia and government will comment on "How the Internet is Changing Science."

About PTEK Holdings, Inc.

PTEK Holdings, Inc. (NASDAQ: PTEK) is a network of leading Internet and business-to-business service providers. The Company's PTEKVentures investment unit has ownership interests in Healtheon/WebMD (NASDAQ: HLTH), S1 Corporation (NASDAQ: SONE), USA.NET, Webforia, Derivion, i2Go and BuyTrek. PTEK's operating units include Xpedite, Voicecom and Premiere Conferencing. PTEK leverages the technologies, management expertise, market channels and capital of its network to drive growth and promote market leadership throughout its operating and network companies.

PTEK Holdings' corporate headquarters is located at 3399 Peachtree Road NE, The Lenox Building, Atlanta, GA 30326. Additional information can be found at www.ptek.com.

About ScienceWise.com

ScienceWise.com (www.ScienceWise.com) is the Workplace on the Web for science and engineering professionals. Over 100,000 professionals use ScienceWise.com services weekly, receiving information tailored to their areas of interest. ScienceWise.com delivers comprehensive information on published research, funding sources, teaming opportunities, products and services. It combines its own services with those from the most trusted industry leaders to provide the information and tools that science professionals need in their daily jobs.

Current ScienceWise.com partners and sponsors in science, research, technology and government include ISI, Adobe; Webforia; KOWI -German Information Office on European Scientific Affairs; the Scholarship Resource Network; Sigma Xi, the National Academy of Sciences, the U.S. Air Force Office of Scientific Research, the Alzheimer's Association, the American Cancer Society, the Cystic Fibrosis Foundation, the U.S. Department of Agriculture; the U.S. DOD/OSDBU; the Juvenile Diabetes Foundation; NASA, the National Institute of Allergy and Infectious Diseases; the U.S. Office of Naval Research, and others. ScienceWise.com has been connecting scientists, researchers, and educators to public and private funding opportunities for more than 10 years as Federal Information Exchange (FIE) and then Research and Management Systems, Inc. (RAMS) of Gaithersburg, Maryland.

Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the `safe harbor' provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in PTEK's forward-looking statements, including the following factors: PTEK's ability to manage its growth and to respond to rapid technological change and risk of obsolescence of its products, services and technology; market acceptance of new products and services, including Orchestrate(R); development of effective marketing, pricing and distribution; strategies for new products and services, including Orchestrate(R); competitive pressures among communications services providers may increase significantly; costs or difficulties related to the integration of businesses, if any, acquired or that may be acquired by PTEK may be greater than expected; expected cost savings from past or future mergers and acquisitions, may not be fully realized or realized within the expected time frame; revenues following past or future mergers and acquisitions may be lower than expected; operating costs or customer loss and business disruption following past or future mergers and acquisitions may be greater than expected; the success of PTEK's strategic and other distribution relationships, including the amount of business generated and the viability of the strategic relationships, may not meet expectations; possible adverse results of pending or future litigation; risks associated with interruption in PTEK's services due to the failure of the platforms and network infrastructure utilized in providing its services; risks associated with the Year 2000 issue, including Year 2000 problems that may arise on the part of third parties which may effect PTEK's operations; risks associated with expansion of PTEK's international operations; general economic or business conditions, internationally, nationally or in the local jurisdiction in which PTEK is doing business, may be less favorable than expected; legislative or regulatory changes may adversely affect the business in which PTEK is engaged; and changes in the securities markets may negatively impact PTEK.

For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from the Company's forward-looking statements, please refer to the Company's filings with the Securities and Exchange Commission, especially in the "Factors Affecting Future Performance" included in the Management's Discussion and Analysis section of the Company's Form 10-K for the fiscal year ended December 31, 1999.