StorePerform Taps Eight Retail Industry Veterans on Advisory Board to Expand Growth in Store Performance Management Market.

Business Editors/High-Tech Writers

DENVER--(BUSINESS WIRE)--Feb. 9, 2004

Retailers Advise Profitable SPM Leader on Broad Vision with

Continued First-Hand Retail Industry Perspective

StorePerform Technologies, Inc., the leader in store performance management software, today announced the development of the StorePerform Advisory Board. The Advisory Board was created to advise on broad strategic vision and offer first-hand, current retail industry trends and pain points. The Advisory Board helps ensure that StorePerform keeps abreast of the most pressing retail issues, continues to address pain points for its customers and remains the leader in the Store Performance Management market. Charter members include Glen A. Terbeek, former managing partner for Andersen Consulting's (now Accenture) Global Food and Consumer Packaged Goods Industry Practice, Karl S. Taylor, CIO of CVS/pharmacy, Greg Girard, vice president of i2 Technologies, Bruce Krysiak, former president of Toys R Us, Scott Beck, former vice chairman of Blockbuster Entertainment, Willard Bishop, Jr., president of Willard Bishop Consulting, Ltd, Dick Lochridge, board member of Lowe's and PETsMART and Mitch Telson, former COO of Circle K.

"Retailers around the globe are under intense pressure to preserve and expand margins. Increasing individual store efficiency across the chain has always been known as an effective way to achieve profit goals, yet retailers have struggled to deploy adequate individual store performance measures," said Glen Terbeek, StorePerform Advisory Board member. "Within just two years, StorePerform already has a highly successful track record of helping retailers to close the gap between corporate sales strategy and individual store program execution. The cumulative knowledge and experience on the Advisory Board will prove to be a strong asset to StorePerform as the company continues its success."

StorePerform Workbench is the only store performance management software that provides real-time visibility into processes across the retail chain, personalized task management, and closed-loop reporting and feedback. Though a large number of traditional retailers have not yet explored the use of software created to improve retail business processes, the market demand for StorePerform Workbench indicates a shift in this approach. StorePerform's Advisory Board continues to build momentum for an industry shift towards store performance management software.

"StorePerform is addressing one of the longest, most persistent challenges retailers face: losing money, time, and consistency at the store level. StorePerform is the only technology poised to solve these problems for retailers," said Bruce Krysiak, StorePerform Advisory Board member. "StorePerform's Advisory Board brings together thought leaders who have either dealt with these challenges daily, or who have direct exposure to large retailers coping with these losses. The combination of perspectives will provide everything that StorePerform executives need to know to continue leading the market."

"The creation of our Advisory Board and the enormous amount of expertise on the Board, underscores our commitment to quality products that solve real retail pain points," said Srikant Vasan, president and CEO of StorePerform. "The consistent direction from the Advisory Board will be incredibly valuable as our product and company continue to evolve with the needs of our retail customers."

Members of the StorePerform Advisory Board have over 150 years of combined retail industry experience. Members include:

Glen A. Terbeek -- Terbeek is founder of Breakaway Strategies, Inc., a consultancy to startups related to the food industry. He recently retired as managing partner for Andersen Consulting's (now Accenture) Global Food and Consumer Packaged Goods Industry Practice, which achieves annual sales of over $800 million worldwide and involves the vertical industries of retailing, wholesale distribution and manufacturing. In a consulting career that spans 34 years, Terbeek focused almost exclusively in the food industry, serving companies in the United States, Europe, South America and the Pacific Basin. He served as a personal advisor to several global manufacturers and retail CEO's in the US, UK, Continental Europe and Japan. Terbeek addresses a number of industry conferences every year in Europe, Latin America, Asia and the US, speaking on a wide variety of topics ranging from technology and finance to marketing and human resources issues for the food industry.

Karl S.Taylor -- Taylor is SVP and CIO for CVS/pharmacy, a leading national pharmacy retail chain with 4,200 stores and $27 billion in annual sales. He previously served as senior vice president of business development for StorePerform Technologies. At Montgomery Ward (GE Capital Corporation), Taylor held the position of CIO, where he implemented a new IS strategy and reorganized the IS Division to more effectively design, develop and support new and existing information systems and focused the organization on key projects that directly impacted the company's turnaround effort. Prior to Wards, he was vice president of merchandise planning and allocation at Toys R Us. He started his career as a business consultant with Arthur Andersen & Company, where he spent several years developing retail store and distribution center productivity improvement processes and systems.

Greg Girard -- Girard recently joined i2 Technologies as vice president, industry marketing, retail. Before i2, Girard spent seven years with AMR research in various positions, most recently as vice president, Retail. Girard began his career at AMR Research by leading AMR's coverage of the supply chain market. In 1999 he founded the AMR Research Retail Advisory Service and, as its thought-leader, drove it to prominence by advising Global 1000 retailers regarding markdown and price optimization, advanced planning applications, demand replenishment, and store performance management.

Bruce Krysiak -- Krysiak is a director and investor in various retail, B2B Internet, medical management, and amusement vending companies. Krysiak has been in mass market retailing as president and COO of Circle K, Dollar General, and Toys R Us. Previously, he was chairman of RPA, an international consulting firm, chairman of the Russian-American joint venture, Giant, and CEO of a regional supermarket chain. Earlier in his career, he was a senior officer with the Southland Corporation. Krysiak holds a combined BS/MBA from Cornell University and is a former member of YPO.

Scott Beck -- Beck is the founder and CEO of Tango, a private investment company that forms partnerships with vision-led growth organizations in the for-profit and not-for-profit sectors. He has twenty years of experience in the formation and management of high-profile retail companies with strong brand recognition. Beck is also CEO of Waldo's $ Mart, a multi-unit retail chain expanding throughout Mexico and Latin America. In 1992 Beck founded and served as chairman, CEO and director of Boston Chicken, Inc., and four years later as a founder and chairman of Einstein/Noah Bagel Corp. Beck was the first and largest franchisee of Blockbuster Video after joining the company in 1987 and served as vice chairman of the Board and chief operating officer of Blockbuster Entertainment Corporation. In 1991 he founded the Bowana foundation, a non-profit corporation with the mission "to help build healthy and loving families through changed lives."

Willard Bishop, Jr. -- Bishop has been involved in research and consulting in the supermarket and retail industries for more than 25 years and has led major studies on topics ranging from pricing strategies, category management, and activity-based costing to loyalty marketing and whole health. Participating in both national and international industry forums, Bishop is widely recognized as one of the industry's preeminent advisors and was featured by American Demographics magazine as one of the ten industry thought and research leaders who are "driving the future of consumer intelligence." Prior to entering consulting in 1976, Bishop served for several years as vice president of research for Super Market Institute (now FMI) and he continues to serve as a consultant to that organization. Bishop holds a Ph.D. in Economics from Cornell University.

Dick Lochridge -- Lochridge founded Lochridge & Company in 1986 after spending almost sixteen years with The Boston Consulting Group. He served BCG as a vice president, director, and member of the Management Committee. He capped his tenure there by heading BCG's international offices based in Munich, Germany. Lochridge sits on the Board of Directors of Dover Corporation, The Lowes Companies, PETsMART, and John Harland Company. Previously, he has served on the boards of Scott Paper Company, Hannaford Brothers, and Dynatech, where he was non-executive chairman from 1994 to 1996. He is also the author of After Reengineering: Organizing for Growth (Chilmark Press, 1995).

Mitch Telson -- Telson is principal of Mitch Telson Consulting, a retail consulting practice targeting major retailers. Telson served as executive vice president and COO for the Circle K Corporation from 1991 until he retired in 1996. Telson joined the company as part of the turnaround team that led this $4 billion convenience store chain through the bankruptcy process, a very successful IPO and subsequent sale to Tosco Marketing. Prior to joining Circle K, Telson was the president of Petco pet supply stores during their initial industry consolidation and new store rollout. From 1967 until 1988, Telson was with The Southland Corporation, where he served in progressively increasing management positions in the 7 Eleven and Chief Auto Parts operations. He left 7 Eleven in 1988 as regional vice president of a 1500-store, $1.5 billion area when he was recruited to Petco.

For complete biographies of StorePerform's Advisory Board, visit http://www.storeperform.com/About%20Us/ManagementTeam.htm. Photos are available upon request.

About StorePerform, Inc.

StorePerform is the leader in store performance management software that bridges the gap between retailers' sales strategy and program execution. Workbench, the company's lead product, is the only software that provides real-time visibility into processes across the retail chain, personalized task management, and closed-loop reporting and feedback. StorePerform's proven technology is used by Sears and other top 10 retailers to quickly maximize sales opportunities and drive down operational costs by improving on-time program execution and increasing people productivity. StorePerform is privately owned with headquarters in Denver, Colorado. For more information, please visit www.storeperform.com or call 303-296-7722.