ORDERTRUST APPOINTS PHILIP SUMMERS VICE PRESIDENT OF PRODUCT MANAGEMENT

LOWELL, Mass., June 7, 1999 -- OrderTrust, provider of the leading order processing network, announced today the appointment of Phil Summers to the position of vice president of product management. Summers previously directed marketing operations for Compaq Computer Corp.’s Internet Solutions Business division. As vice president of product management at OrderTrust, Summers will lead the development and execution of OrderTrust’s product strategy.

"Phil’s wealth of experience and proven track record of developing effective Internet-based product strategies will help to position OrderTrust at the forefront of the e-commerce marketplace," said Jim Daniell, CEO of OrderTrust. "He is an excellent addition to our senior management team and will play a key role in defining product requirement to meet the needs of the rapidly evolving e-commerce market. His contributions will also be instrumental as we continue to expand our service offerings and broaden our penetration across all segments of this market."

Summers previously spent two years at Compaq, a global leader in personal computer systems, where he served as director of marketing for Compaq’s Internet Solutions Business division. His responsibilities included managing the development of Compaq’s first Internet appliance, the Prosignia NeoServer and the launch of Compaq’s Online Services, a suite of services that included Internet access and security, as well as various e-commerce payment and Web store options capable of handling order-processing and customer billing. Also, while at Compaq, Summers was responsible for the development of alliance partner relationships with national and international Internet Service Providers (ISP’s) and the creation of creative marketing and promotional campaigns.

"OrderTrust is in an attractive, yet very challenging position in the e-commerce marketplace as the only provider of its kind to offer merchants a complete services offering for their order processing needs," said Phil Summers. "As the Internet continues to radically change the way companies do business, OrderTrust’s opportunities are endless. I am thrilled to be a part of making OrderTrust the preeminent integrated e-commerce management services company."

Prior to his position at Compaq, Summers served as director of marketing and sales for Tradeshow Central, a tradeshow and conference information site on the Internet. Prior to that, Phil spent 10 years at Digital Equipment where he most recently held the position of a product manager for the company’s Workstation Product Group. Summers graduated from Boston University with a Master of Business Administration degree and holds a Bachelor of Science degree from Babson College.

Privately held and based in Lowell, MA, OrderTrust provides the leading order processing network for e-merchants. Through its fully redundant, 7 x 24 network operations center, OrderTrust securely and reliably manages information throughout the lifecycle of an order, ensuring 100% monitoring and auditing of all transactions. Order management services include order capture, routing of separate fulfillment requests to multiple suppliers, payment authorization and appropriate merchant compensation, and e-mail notification of order status to consumers. By taking advantage of the OrderTrust network for their back-end e-commerce infrastructure , merchants can focus on front-end e-commerce initiatives, such as building brand identity and driving traffic to their sites, while providing superior service to their customers. For more information, visit our Web site at www.ordertrust.net

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Contacts:

Jonathan Daly
Lois Paul & Partners
(781) 238-5757
[email protected]

Margie Ferro
OrderTrust LLC
(978) 551-5077
[email protected]