AGENTICS, INC. ANNOUNCES SUPPLYCHANNEL, A MAJOR LEAP FORWARD IN SELF-SERVICE PURCHASING TECHNOLOGY

First And Only Solution To Provide Real-Time Virtual Product Catalog; Patent Pending Technology Solves The Huge Content Management Problem of Self-Service Purchasing

NEW YORK -December 7, 1998 - AGENTics, Inc. today announced SupplyChannel™ , the first and only self-service purchasing solution in the marketplace that provides a Virtual-Catalog of vendor product information gathered in real-time from a number of disparate, on-line catalogs. Empowering employees to make purchasing decisions directly from their desktop while full management control at all stages of the transaction is maintained, SupplyChannel is the most cost-effective and convenient solution for both suppliers and buyers.

"SupplyChannel is a unique powerful on-line purchasing solution that is poised to affect the way organizations are doing business over the net," said Brian Caffrey, a management consultant with over 20 years of experience in the purchasing and materials management field, a board member of the National Association of Purchasing Managers (NAPM)-New York and a nationally recognized authority on the application of Information Technology to corporate procurement. "I expect both buyers and suppliers to rally around this powerful technology. As the first truly practical application to effortlessly link buyers and sellers, SupplyChannel is going to get a lot of attention."

Traditionally, corporate purchasing consists of pushing paper forms around the organization, creating unnecessary costs and delays. Experts estimate that it costs $150 or more to process every paper-based purchase order, regardless of whether it's for a $10,000 computer or $10 worth of pencils. AGENTics solution, SupplyChannel, can slash this cost to as little as $25 by streamlining the process with a web-based enterprise-wide purchasing system that directly links employees with suppliers, creating a self service purchasing environment.

SupplyChannel however, goes one step beyond the currently available self-service purchasing solutions due to its industry-unique Virtual Catalog technology. Other solutions depend upon catalog aggregation which requires the collecting and exporting of vendor product data into a common database format that can be accessed by the organizations' employees. Not only is the data static, but from the moment the database is created, it is out of date. This method is also very costly, usually requiring the hiring of a special content aggregator as well as specialized IT personnel for maintenance purposes.

SupplyChannel breaks through this administrative barrier by providing the industry's only unified view, navigation and seamless access to product information residing in disparate on-line catalogs without aggregating the catalogs. Remote on-line catalogs are not exported, imported or duplicated. In fact, suppliers are not even required to provide any special or dedicated interface to their catalogs. Instead, the Virtual Catalog retrieves relevant product information from the relevant supplier on-line catalogs - in real time.

In each purchasing session, end-users describe and identify their product requirements using a powerful product identification wizard. Then, the cutting edge Virtual Catalog architecture allows product information to be retrieved at a phenomenal speed from the suppliers' original on-line catalogs. Advanced Natural Language Processing techniques are used in order to provide unmatched accuracy and relevancy of the retrieved product information. Overall, the process effectiveness is exceptional, allowing requisitioners to focus on the products they want to buy rather than on the 'sourcing' process itself.

SupplyChannel is seamless to use as employees experience a unified view of product information, no-matter what its format is in the target on-line catalog. In addition, the technicalities of 'where' and 'how' the product information is gathered are hidden in order to make SupplyChannel as easy to use as possible. This is the most cost-effective and convenient solution for both suppliers and buyers. Buyers are relieved from the tremendous effort of aggregating numerous heterogeneous catalogs onto their site. In addition, maintenance costs are minimal since both sides are relieved from the burden of managing duplicated aggregated databases which require a dedicated team to manage.

"We are excited by the huge market opportunities available for our buy-side power solution," said Oren Horvitz, president and CEO of AGENTics. "Until recently, the E-Commerce solutions for self-service procurement were either costly and non-flexible or simply non buyer-oriented. Now, with SupplyChannel, buyers can exercise unmatched purchasing power in a cost-effective manner."

About AGENTics
AGENTics innovative Virtual-Catalog technology presents a breakthrough in corporate purchasing of MRO products. Enabling self-service purchasing throughout an organization, AGENTics technology allows an organization to capture efficiencies and volume discounts across the board, adding dollar-for-dollar profits to the bottom line. This gives an order of magnitude improvement to the way today's companies do business with their suppliers. Headquartered in San Jose, California, AGENTics is located at 2350 Mission College Blvd., Santa Clara, California 95054. AGENTics also has offices in Boston, Massachusetts and Herzelia, Israel. AGENTics can be contacted toll free in the United States at (877) 431-0101, at (+972) 3 751 5099 in Israel or at http://www.agentics.com.

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