Graystone Partners Taps Into Xceed to Expand Business Online; Firm Brings New Level of Excellence to Online Executive Search Arena

Business Wire, June 30, 1999

NEW YORK--(BUSINESS WIRE)--June 30, 1999--

Graystone Partners LLC (www.graystonepartners.com) has tapped Xceed, interactive architect and solutions builder (NASDAQ: XCED) to expand its business online.

As part of its efforts to build Graystone Partners LLC's online business, Xceed will provide an aggressive online strategy, including the development of all the Web components such as an Internet database and an online marketing campaign.

Graystone Partners LLC's new Web site provides an excellent online resource for Global 1,000 companies looking for state-of-the-art executive search assistance. Headquartered in Stamford, Connecticut, Graystone Partners LLC is one of the most dynamic and forward-thinking, retainer- executive-level innovators in all industries wwin in today's competitive marketplace," said Gregory L. Ohman, founding partner and managing director of Grld our business online, we've selected what we y professional excellence," said Scott Mednick, chairman and chief strategic officer of Xceed. "Combined wit executive search firm."

A unique feature 't have the time or inclination to create a resurs LLC's business model and has helped the compis our strategy to make the Graystone Partners Lt Xceed is the right partner to leverage all of the digital aspects of this initiative."

About Graystone Partners LLC

Graystone Partners LLC is a nationally known, retainer-based, executive search firm providing professional consulting services in the area of executive search and management selection. Our clients represent a broad spectrum of domestic and international organizations involved in a wide variety of industries. Areas of expertise include: finance, general management, and information technology. Clients range from venture-backed, start-up companies to Global 1,000 companies. We serve clients on a national basis, and a significant percentage of our business is repeat business - reflecting the success of our past recruiting efforts for our clients. At Graystone Partners our goal is to intimately understand our clients' needs and to provide responsive, results-oriented recruiting services that add value in today's competitive business environment.

Contact Greg Ohman, managing director of Graystone Partners LLC by telephone at (203) 323-0023 or online at ohman@graystonepartners.com.

About Xceed

Xceed is an integrated marketing and communications company with interactiveservices at its core. Xceed, headquartered in New York, helps companies develop commerce solutions and improve people and business performance through communication tools, techniques, and technologies.

For Xceed investor information, please call Lynn Ball at 212-419-1210, direct e-mail to investors@xceed.com, or visit the company Web site at www.xceed.com.

IMPORTANT NOTE:

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements involve risks and uncertainties, including timely development and upgrades to existing products, the impact of competitive products and pricing, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC). In particular, the Company's Form 10-K filed with the SEC in 1998 for the year ended August 31, 1998 should be referenced.