Biztro, Inc. Announces New Senior Vice President of Financial and Insurance Services; Former Allstate and Wells Fargo Executive Brings Depth to Biztro Financial Services

Business Wire, April 25, 2000

Business Editors, High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--April 25, 2000

Biztro(TM), Inc., the leading provider of online services for emerging businesses, has named Matthew Graves as senior vice president of financial and insurance services.

Graves will work to develop Biztro's strategic partnerships with banking, insurance, brokerage, payroll, accounting, and other financial service providers. He brings Biztro more than 20 years of experience in finance, operations and business development, most recently as president of Allstate Bank, a subsidiary of Allstate Corporation.

Prior to joining Allstate Bank, Graves served as senior vice president of payment strategies for Wells Fargo Service Company. While there, he oversaw the development and implementation of two business units providing Internet purchasing capabilities and payment-related services. Graves also served on the board of directors of Signio, Inc. and Just In Time Solutions, Inc., where he was responsible for several Wells Fargo strategic corporate investments in Web-centric infrastructure companies.

Graves has also held executive positions with The First National Bank of Decatur (Illinois) and FirsTech, Inc., a leading processor of payment transactions. He is a Certified Public Accountant, Chartered Financial Analyst, and earned a master's degree in business administration from the University of Illinois.

"Matt's experience in banking and specifically Internet payment infrastructure will add significant depth to our financial services, and further strengthen Biztro's ability to secure key partnerships with best-of-class financial services providers," said Navin Chaddha, Chairman and CEO of Biztro.

"Biztro's Business Operations Platform(TM) empowers all types of small businesses to spend less time and money on mundane administration," Graves said. "The intuitive tools and powerful capabilities that Biztro provides to small business owners and employees level the playing field with big business. Biztro is well-positioned to capture this space as more small businesses realize the significant benefits of leveraging the standards, safety and connectivity of the Internet to better manage their business."

About Biztro, Inc.

Biztro, Inc., headquartered in Santa Clara, Calif., was founded in March 1999 to address the fastest-growing segment of the B2B eCommerce and eServices marketplace: small business. Biztro is transforming the way small businesses run their operations by integrating leading service providers into its powerful Business Operations Platform, which dramatically increases small business buying power and improves back-office administration. Biztro distributes its Business Operations Platform through a network of channel partners. Biztro's supplier partners, key to Biztro's business model, include best-of-class companies in various industries that service the small business market. Biztro is funded by leading organizations, including SOFTBANK Venture Capital and Marsh & McLennan Capital. For more information, visit http://www.biztro.com or contact Biztro public relations at pr@biztro.com.