Maxager Technology Signs Wheeling-Pittsburgh Steel Corporation to Advanced Profit Analysis Software Solution

Business Wire, August 9, 2000

SAN RAFAEL, Calif.--(BUSINESS WIRE)--Aug. 9, 2000

`Time, Not Tons' is Key to Profitability in the New Economy for

Leading Steel Manufacturer

Maxager Technology, Inc., the leading provider of Advanced Profit Analysis software solutions, today announced the signing of new customer, Wheeling-Pittsburgh Steel Corporation (WPSC). Maxager Technology's patented software, Maxager(R), is now installed at the Wheeling, West Virginia company, producer of carbon flat rolled products. WPSC will utilize Maxager to determine real-time product costs and capitalize on existing and future market opportunities by identifying its most profitable product mix.

"As the manufacturing community enters the eMarketplace, real-time profitability data is essential to make operational and sales decisions quickly," explains WPSC President and Chief Executive Officer, Jim Bradley. "The maxim for success in the New Economy is no longer profitability on tons produced -- time is the decisive factor."

In the competitive steel-manufacturing sector, New Economy pressures inspire leaders in their industry, like WPSC, to embrace new thinking and processes. Maxager's patented Profit Velocity(TM) technology calculates profit-per-minute, yielding the true production costs and profit for every product in real-time. Traditional unit-based financial systems focus on profit-per-ton, ignoring the importance of time in the profitability equation. "We're delighted to be working with Wheeling-Pittsburgh Steel," said Maxager CEO and president, Michael Rothschild. They are a company that understands the power of having real-time profitability metrics on a profit per minute basis. It's a strategic decision-making weapon that directly benefits the bottom line."

Maxager's system provides all key groups in a manufacturing enterprise; sales, marketing, finance and production, with a reporting system to make strategic pricing, product mix, financial and operating decisions. Additionally, the real-time pricing data enables companies participating in online B2B exchanges precise data for Precision Bidding and provides those preparing their strategy, a tool to succeed.

About Maxager Technology, Inc.

Maxager Technology, Inc. is the leading provider of Advanced Profit Analysis software solutions. Asset-intensive manufacturers use these applications to determine optimal product mix and pricing; prioritize production problems; and select among capital investments by evaluating their impact on profitability. Managers in sales, marketing, production and finance can now ensure their daily decisions maximize the overall profitability of the company, as measured by a time-based profitability metric such as Earnings, EPS or RONA. Maxager's real time margin analysis is an essential competitive weapon for manufacturers engaging in online e-commerce or reverse auctions, where instant pricing decisions are critical. Maxager(R) was selected as a leading technology in 2000 by Fortune magazine, Computerworld and START magazine. Headquartered in San Rafael, California, you can contact Maxager Technology at 1-888-MAXAGER or on the Web at www.maxager.com.

Note to Editors: Maxager is a trademark of Maxager Technology, Inc.