Mustang.com, Inc. Reports Revenues Up 82% for First Quarter 2000; Mustang.com Announces Ninth Consecutive Quarter of Revenue Growth Through Strong Worldwide Sales

Business Wire, April 19, 2000

Business Editors

BAKERSFIELD, Calif.--(BUSINESS WIRE)--April 19, 2000

Mustang.com, Inc. (Nasdaq:MSTG), the provider of Trusted eService Solutions(TM), today reported results for its first quarter ended March 31, 2000. The company increased revenues 82% to $1,409,988 as compared to $772,982 reported for the prior year period. This represents the Company's ninth consecutive quarter of revenue growth. The net loss for the quarter was $244,525, or ($0.04) per basic and diluted share, as compared to the net income of $10,299, or $0.00 per basic and diluted share, reported a year ago.

"Q1 was an outstanding quarter for the company and our shareholders," stated Jim Harrer, Chief Executive Officer and President of Mustang.com. "We continued to aggressively grow our worldwide customer base, expand our relationships with our existing customers, and launched a significant new solution offering via the Mustang Network which is providing a completely new recurring revenue stream for the company. Finally, we announced our intent to be acquired by Quintus Corporation (Nasdaq:QNTS)."

Continued Mr. Harrer, "I am very pleased with the entire Mustang team for their tenacity and execution during this tumultuous quarter. The pending acquisition of the company by Quintus provided an opportunity for everyone to take their eye off of the ball, yet the team executed to perfection. This has certainly been one of the most exciting quarters in the history of the company."

Q1 Highlights

Mustang.com Agrees to be Acquired by Quintus Corporation -- On February 28, 2000 Mustang.com announced that the company has entered into an agreement to be acquired by Quintus Corporation (Nasdaq: QNTS), a leading provider of comprehensive e-customer relationship management solutions (eCRM).

Key Accounts -- Mustang.com added numerous key accounts in the quarter including Affinity Travel, Aqua Online, GE Power Systems, Hewitt Associates, Kaplan Education, See's Candies and WebLink Wireless.

Mustang Network -- Mustang.com launched its new Application Service Provider (ASP) solution and added its first Mustang Network client JustFares.com.

International Expansion -- Mustang.com continued to expand its international client base. Completing Q1, Mustang.com counts over 55 customers in countries including Australia, Canada, China, England, France, Germany, India, Israel, Malta, the Netherlands, New Zealand, Norway, the Philippines, Portugal, Scotland, Singapore, South Africa, Spain, Sweden and Switzerland.

About Mustang.com and Mustang Message Center

On February 28, 2000 Mustang.com announced that the company has entered into an agreement to be acquired by Quintus Corporation (Nasdaq: QNTS), a leading provider of comprehensive e-customer relationship management solutions (eCRM). Additional information can be obtained on the World Wide Web at http://www.mustang.com or http://www.quintus.com or by calling Mustang.com at (661) 873-2575.

Mustang.com enables loyal, high quality customer relationships through the design, development and support of Internet and e-mail based customer management software applications. Mustang Message Center is an award-winning eService solution that improves e-mail management in mission-critical, high-volume customer service operations. Mustang.com's corporate headquarters are located at 6200 Lake Ming Road, Bakersfield, CA 93306; and it has offices in Austin, TX; Chicago, IL; Ft. Lauderdale, FL; Los Angeles, CA; New York, NY; Phoenix, AZ; Seattle, WA and Washington, D.C. Inquiries can be addressed via voice, 661-873-2500; fax, 661-873-2499; or e-mail, info@mustang.com.

Additional information is available from Mustang.com on the Web at http://www.mustang.com.

Cautionary Note Regarding Forward-looking Statements Under the Private Securities Litigation Reform Act of 1995: Information in this release that involves Mustang.com's expectations, beliefs, hopes, plans, intentions or strategies regarding the future are forward-looking statements that involve risks and uncertainties. These statements include statements about Mustang.com's strategies in the marketplace, its market position and its relationship with customers. All forward-looking statements included in this release are based upon information available to Mustang.com as of the date of the release, and we assume no obligation to update any such forward-looking statement. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include, but are not limited to, competition, increased competition due to Mustang.com's expanded product offering, risks associated with the evolving and varying demand for customer communication software, our ability to expand our operations, acceptance of email and the Internet as a communications medium, litigation over property rights, and general economic factors. These and other factors are risks associated with our business that may affect our operating results are discussed in the Company's most recently filed annual 10k and our quarterly reports on Form 10-Q filed with the SEC.