SOFTBANK Executives Dub AGENTics Self-Service Purchasing Application "Most Powerful Software In Market" Due To Breakthrough Virtual Catalog Platform

BOSTON, Mass. --December 7,1998 - AGENTics, a leading innovator of electronic commerce software, today announced an equity investment of $3.5 million by SOFTBANK Technology Ventures, the venture capital arm of SOFTBANK Corporation in Japan and Genesis Partners, a CIBC Oppenheimer affiliate. The capital infusion will support the launch of AGENTics first product, a unique self-service purchasing solution poised to capture significant market share due to its proprietary Virtual-Catalog platform which provides real-time access to multiple vendorsí on-line catalogs as though they were one, unified catalog.

"We are honored that such prestigious firms are committing considerable expertise and financial support to our organization and our technology," said Oren Horvitz, president and CEO of AGENTics. "SOFTBANKís support and deep understanding of the Internet as a business medium validates the major affect we think our technology will have on todayís purchasing organizations, ultimately saving corporations thousands of dollars and thousands of man-hours."

"We think AGENTics has a unique technology approach that will literally change the face of the purchasing function," said Scott Russell, SOFTBANK Technology Ventures general partner. "Their solution is the best technology out there, and we are looking forward to listing AGENTics as another one of our great Internet startup success stories." Russell will serve on the board of directors for AGENTics.

Positioned to become the leading electronic commerce provider in the corporate procurement arena, AGENTics patent-pending Virtual-Catalog technology represents a major leap forward in electronic commerce technology. Its ability to provide real-time access to multiple vendorsí on-line catalogs as though they were one, unified catalog will serve as the companyís core technology platform, enabling a whole series of products specifically designed to simplify on-line purchasing.

The first product to be built on this platform will be an enterprise-wide power solution for self-service purchasing, which the company expects to release in the fourth quarter of 1998.

The flagship product will allow orders for approved goods from approved vendors to be placed directly from an employeeís desktop via the company's Intranet. Providing the maximum control, speed and ease, AGENTics self-service purchasing solution will significantly decrease purchasing costs within an organization and demonstrate tangible ROI benefits quickly.

Founded in 1996, AGENTics is led by an impressive management team. President, CEO and co-founder, Oren Horvitz and chairman and co-founder Yoni Cheifetz have over 16 years of experience in the software industry in business, marketing and R&D positions in entrepreneurial environments. R&D manager Yael Karov has professional and academic experience in the core technological fields of AGENTics products. VP of sales and marketing Paul Rodman, has an extensive background in purchasing, having founded one of the largest distributors of office products in the United States, Canada and the United Kingdom. He was subsequently nominated by Inc. magazine as Entrepreneur of the Year in both 1990 and 1991.

SOFTBANK Technology Ventures is one of the leading investors on the Internet, with over $600M under management. It has supported a long string of successful companies such as CyberCash (NASDAQ: CYCH), GeoCities, Yahoo!(NASDAQ: YHOO), Concentric (NASDAQ: CNCX), USWeb (NASDAQ: USWB) and VeriSign (NASDAQ: VRSN.) The parent organization, SOFTBANK Corporation, is a $5 billion conglomerate which holds the position as the worldís leading media and marketing group focused on the digital information industry as well as Japanís largest distributor of PC software, hardware and peripherals since 1981.

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 todayís 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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