Press Release

Commerce Events Begins Next Round of Expansion

Andrew Preston Joins CME As President and COO

CAMPBELL, Calif., Oct 14, 2002 -- Commerce Events, Inc. (CME), the leader in powering adaptive supply chains, announced today that the company is beginning its next round of expansion. Andrew Preston, a 20-year industry veteran, has joined CME as President and COO. Andrew will manage CME’s execution plans, operations, and fundraising efforts. Andrew’s extensive background includes CEO and President roles at two public and six startups as well as venture capital experience. Andrew is also experienced with serving the needs of the Fortune 500 as well as Government bodies such as the US House of Representatives.

CME undertook an exhaustive search to find the ideal person to lead CME’s efforts to revolutionize logistics for the Fortune 500 and Government / Defense. “We are overjoyed to have Andrew take us to the next level in business execution,” said Anand M. Das, CEO and CTO of CME. “Andrew is unique in that he has proven expertise in all of the key skills needed by CME.” Andrew’s unique and diverse background is a perfect fit for leading CME’s charge to revolutionize logistics. Previously, Andrew was President and COO of Softbooks, an electronic books company, that was sold for over $300 million to Gemstar/TV Guide. In addition to having led two companies that were acquired, Andrew has driven triple-digit growth and profitability at several companies.

Andrew’s background includes companies that provided software and services to the Fortune 500. In addition, Andrew has significant Government experience, having sold innovative computer solutions to the United States House of Representatives and the American Red Cross.

Andrew, in addition to managing companies, also co-founded Bridgemere Capital, an investment banking firm that specialized in financing and restructuring early stage and venture backed technology companies. As a result, Andrew has the perfect background as well as the venture capital contacts to raise funds for CME. “CME is well positioned for rapid growth and for market leadership in logistics solutions that impact both the top and bottom lines,” said Andrew Preston. “I am honored to be chosen to take the company to the next level.”

About Commerce Events

Commerce Events, Inc. (CME) is the industry leader in powering adaptive supply chains. Founded by veteran software industry executives and leading enterprise integration experts, CME’s mission is to develop powerful, next-generation networked applications that will for the first time enable enterprises to adapt in real-time to changing business conditions, to accommodate accelerated product life cycles, and to deliver mass customization. CME solutions help Global 5000 enterprises and governmental agencies optimize the organization’s objectives – whether they are increasing revenue through optimizing the entire supply chain, increasing flexibility to respond to the unexpected, or decreasing costs through operational efficiencies.

Headquartered in the Silicon Valley area of California, CME has operations throughout the US and the globe. CME has established strategic partnerships with leading technology vendors such as BEA (Nasdaq: BEAS), IBM (NYSE: IBM), and SUN (Nasdaq: SUNW). More information about CME can be found at http://www.CommerceEvents.com.