Xi Software Launches TimeAgent 2.0; New Software Offers Professional Service Providers Easy Way to Capture and Record Billable Time Spent in Microsoft Office Applications.

Business Editors/Hi-Tech Writers

WASHINGTON--(BUSINESS WIRE)--May 2, 2002

Xi Software Inc., a U.S. Technologies, Inc. (OTC: USXX) associated company, announced today the release of TimeAgent(TM) 2.0, a productivity software solution that automatically tracks, captures and records time spent using Microsoft(R)Office applications.

Developed specifically for the legal, accounting and professional services industries, TimeAgent 2.0 allows users to more accurately account for and capture time spent working in Microsoft Office applications, including Word, PowerPoint(R), Excel, Internet Explorer and Microsoft Outlook(R). TimeAgent's unique time-capture functionality automatically switches its internal timers on and off as professionals move between documents and applications-assuring that all potential billable time is captured and recorded, even time spent composing short e-mails or evaluating Web-based information. TimeAgent 2.0 can be purchased as a single user license or as a new Enterprise Edition that aggregates TimeAgent entries throughout the enterprise and allows for integration with billing and document management systems.

Increase billable time.

Track time more accurately and efficiently.

Unlike current time-tracking systems that require users to manually enter billable time directly into the software, TimeAgent 2.0 provides users with a complete history of activities for users to view and sort activities among billable parties. At day's end, users simply consult the TimeAgent ledger to view records, modify billing and drag-and-drop activities among billable parties. No more relying on notes or memory.

After documents and e-mails are sorted by client, matter or project the first time, the appropriate party is billed when subsequent editing is made. The end result is a more time-efficient billing process that can cut in half the time spent accounting for billable hours. In professional services firms, where time is money, the ability to manage and track all billable activities means more billable hours and greater profitability for a firm.

"TimeAgent 2.0 delivers the ability for any firm, from a single professional to a multi-national firm, to capture short activities, such as e-mail, that are often lost during the course of a busy day," says Thomas E. Hillman, President and CEO of Xi Software, Inc. "The result is greater billing accuracy and more billable hours as well as improved efficiency in managing the accounting for time throughout an enterprise," Hillman adds.

About Xi Software

Xi Software designs, builds, and markets tools that enhance productivity. The company was founded in December 2001, to bring two lines of productivity software to the professional services industry: TimeAgent and DXI. Xi's technologies provide automated time tracking, real-time multi-author concurrent editing, and collaborative workflow features. Xi Software solutions allow both individuals and corporations to become more efficient, effective, and profitable.

For a free two-week trial copy of TimeAgent and additional information about Xi Software, visit the website at www.xisoftware.com or contact Kerry Hartigan at 202-466-3495 or [e-mail].

About U.S. Technologies Inc.

U.S. Technologies Inc. (OTC BB: USXX) is an international organization that builds and operates emerging companies focused on technology by providing capital, business and management services. USXX associated companies primarily include technology and emerging growth companies that management believes have high growth potential. It is our strategy to actively manage, develop, operate and promote collaboration among our network of associated companies.

For additional information about U.S. Technologies, contact Garrett Allen at 610-642-8253.

Certain statements in this release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which statements can generally be identified by use of forward-looking terminology, such as "may," "will," "expect," "estimate," "anticipate," "believe," "target," "plan," "project," or "continue" or the negatives thereof or other variations thereon or similar terminology, and are made on the basis of management's plans and current analyses of the Company, its business and the industry as a whole. These forward-looking statements are subject to risks and uncertainties, including, but not limited to, economic conditions, competition, interest rate sensitivity and exposure to regulatory and legislative changes. Current economic and business conditions have created a difficult environment in which to raise capital. The Company's ability to execute its business plan is, and its ability to continue as a going concern may be, dependant on its ability to raise capital. The above factors, in some cases, have affected, and in the future could affect, the Company's financial performance and could cause actual results for 2001 and beyond to differ materially from those expressed or implied in such forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.

The Company cautions that the actual developments and results of the Company's acquisitions and investments may differ from its expectations. There can be no assurance that the conditions necessary to completing any prospective transaction or investment or any related financing transaction will be satisfied, or that any such prospective event will occur. Additional investments in or by the Company, or by an unrelated person in any of the Company's associated companies, provide no assurance that the Company or such associated company will succeed or that the Company's investments will be recovered or profitable. The Company's assets and operations, including results of operations, would be affected materially by the extent to which the Company and the Company's associated companies continue to have access to financing sources on reasonable terms in order to pursue its and their business plans, by the success or failure of the business plans of the Company and the Company's associated companies, by economic conditions generally and particularly in the developing technology market, by competition and technological changes in the Company's and the Company's associated companies industries and businesses, and by the results of the Company's and the Company's associated companies operations if and when operating. In addition, the occurrence of any of the foregoing events or the failure of any of the foregoing events to occur would materially affect the Company's assets, operations and results of operations.

www.xisoftware.com