Mirror Image Internet Enhances Management Team; Industry Veterans Join as Vice President Business Development and Vice President of Worldwide Sales

Business Wire, June 27, 2000

Business & High-Tech Editors

WOBURN, Mass.--(BUSINESS WIRE)--June 27, 2000

Mirror Image Internet, an innovative leader in content delivery services and a subsidiary of Xcelera.com (AMEX:XLA), today announced two key sales and marketing appointments to the management team, Hal Bennett as vice president of business development, and Jim Vedda as vice president of worldwide sales.

"We're excited to announce the appointments of both Hal and Jim as highly strategic additions to the Mirror Image management team. In today's competitive marketplace, the technology businesses that will grow and lead the industry are those run by strong and successful business people," said Cos Santullo, President and CEO of Mirror Image. "Hal's proven ability to lead large company alliances successfully, and Jim's skills and expertise in managing Parametric's most productive and strategic selling unit will greatly enhance Mirror Image's partner and customer relations strategy."

In his role as VP of business development, Hal Bennett will oversee Mirror Image's strategic alliance, merger and acquisition programs and other business development initiatives. He brings to Mirror Image over 20 years of management and field experience in developing and supporting business partners and client solutions, most recently as director of global business partners/developers for IBM where he generated over $3 billion in annual revenue. In this position he was responsible for global alliances for major Enterprise Resource Planning Independent Software Vendors (ISVs), including SAP, Baan, Peoplesoft, JD Edwards and Oracle.

"Mirror Image's unique technology has already won endorsement from industry leaders such as Hewlett-Packard, Exodus Communications, Cisco and Lucent. I am eager to not only strengthen these relationships, but to develop strategic, new business opportunities that will take Mirror Image into the next generation of the Internet," Bennett said.

Jim Vedda brings to Mirror Image extensive experience and a successful track record in global sales. As VP of worldwide sales for Mirror Image, Mr. Vedda will be responsible for sales operations in North America, Asia and Europe. Prior to joining Mirror Image, Mr. Vedda spent nine years with Parametric Technology Corporation, most recently as executive vice president of the Major Account Business Unit. In this capacity, he managed a team of 400 who generated over $250 million in annual software sales.

"Caching, streaming and content distribution are next-generation Internet technologies that represent a huge market potential," said Vedda. "I look forward to working with the Mirror Image worldwide sales organization to broaden the company's customer base while continuing to build strong relationships with existing customers."

About Mirror Image Internet

Mirror Image Internet is an innovative leader in Internet content delivery services, singularly able to consistently deliver requested content faster than other methods, regardless of location or volume demand. This is accomplished using globally deployed patented technology that employs open standards and offers unmatched scalability and reliability. The foundation for this uniquely cost-effective approach is the secure and intelligent Content Access Point(TM) (CAP) architecture, which powers the suite of instaDelivery(SM) Internet Services and enables Mirror Image to provide content providers, service providers, enterprises and end users with an increasingly superior and satisfying Internet experience. Principally owned by Xcelera.com Inc. (AMEX: XLA), Mirror Image serves customers worldwide through headquarters in Woburn, Mass. For additional information, visit Mirror Image Internet on the Web at www.mirror-image.com.

About Xcelera.com

Xcelera.com, an Internet holding company, trades on the American Stock Exchange under the symbol "XLA". The company's efforts are focused on European Internet companies and Internet infrastructure companies. The company is actively expanding its portfolio of Internet companies. For additional information, visit Xcelera.com on the Web at www.xcelera.com.