Centrinity Appoints Chief Financial Officer

Business Wire, July 18, 2000

Business Editors

MARKHAM, Ontario--(BUSINESS WIRE)-- July 18, 2000

Centrinity Inc. (TSE:CTI), which develops and markets leading unified messaging and collaborative groupware technologies, has strengthened its senior management team with the appointment of Richard A. LePage as Executive Vice President and Chief Financial Officer.

Mr. LePage was most recently a senior investment banker for Credit Suisse First Boston in New York, where he was responsible for the origination, structuring and execution of numerous equity and debt financings in the U.S. capital markets. He will be based at Centrinity's head office in Markham, Ontario.

Prior to joining Credit Suisse First Boston in 1998, Mr. LePage was Managing Director, Investment Banking with Scotia Capital Markets Inc., also based in New York, where he was responsible for raising debt and equity in the U.S. capital markets for Scotia's Canadian and U.S. corporate clients. Mr. LePage brings a wealth of cross border financial experience to his new position.

Myles McGovern, Centrinity's President and Chief Executive Officer, said: "Richard has the qualifications and proven expertise we need to effectively manage Centrinity's expansion. His appointment is an important and timely step, particularly given our revenue growth and sales potential in international markets, our recent listing on the TSE - which has increased our shareholder base - and our goal of capitalizing on global opportunities for Centrinity's technology solutions. We also take pride in the fact that Richard is one of a number of very talented people we have added at Centrinity in recent weeks to drive our growth."

Headquartered in Markham, Ontario with operations in Canada, the United States, Ireland, England and Sweden, Centrinity is a leader in providing groupware to corporations and educational institutions to enable them to create integrated, collaborative electronic communications systems. According to IDC, the company had a 5.2% share of the total integrated collaborative environment (ICE) software users worldwide in 1999. IDC expects the ICE market to reach US$2.5 billion in software revenues worldwide in 2000.

Centrinity has also developed and is just introducing revolutionary unified messaging (UM) technology. Centrinity's new FirstClass UM enables consumers, businesses and educational institutions to seamlessly link together all group and individual email, voice mail and fax mail in-boxes and access this electronic information anywhere, any time using any electronic device. The market for Centrinity's unified messaging technology includes telecommunication companies, Internet Service Providers and large enterprise users. The total UM software market worldwide is forecast to grow to US $1.4 billion in revenues by 2003 (IDC, 1999).

Formed in 1994, Centrinity currently has 20,811,249 common shares issued and outstanding and a market capitalization in excess of $250 million.

About Centrinity Inc.

Serving over 6 million users in more than 8,000 organizations in 55 countries, Centrinity is a high growth software company with technological leadership in the burgeoning global market for unified messaging solutions and related network-based collaboration tools. The Company's products include FirstClass Intranet Server Gold, FirstClass Collaborative Classroom Gold and Zebu, which are widely used in commercial and education markets, and FirstClass Unified Messaging, the new value-added component of FirstClass Gold. Centrinity Inc. is listed under the symbol "CTI" on The Toronto Stock Exchange. Centrinity's corporate website is located at http://www.centrinity.com