GOTSchool to Create B2B Marketplace Powered by Commerce One; GOTSchool to Establish Internet Marketplace for Educators and Administrators

Business Wire, June 7, 2000

Business Editors

NEW YORK and PLEASANTON, Calif.--(BUSINESS WIRE)--June 7, 2000

GOTSchool Inc. - Great Online Tools for Schools - and Commerce One, Inc. (NASDAQ:CMRC), the leader in global e-commerce for business, today announced an online marketplace for educators and administrators. Powered by the Commerce One MarketSite(TM) Portal Solution for Net Market Makers, the GOTSchool Market (market.gotschool.com) will provide a single location on the Internet where educators can find and purchase the products needed to run a school.

The GOTSchool Market will help individual schools and school districts streamline the purchasing process for core products such as textbooks, desks and pencils, as well as non-core products such as office, janitorial and maintenance supplies. School districts are always striving to funnel their financial resources directly to children and therefore want principals, business officers and teachers to spend less time and money on the purchasing process and more on delivering high quality education. The GOTSchool Market will help achieve this goal by offering a single Web location where schools and districts can go to find the best educational products at the best prices.

"We are focused on helping the education community make a finite amount of money go further," said Neil Ashe, president of GOTSchool. "We will be successful when schools and their suppliers can do business more efficiently so that all can benefit."

Because the education market is fragmented with 16,000 districts and more than 110,000 public and private schools across the country, suppliers have found the market difficult to penetrate. In addition, the decision-making and approval process within each school and district can vary. The GOTSchool Market will improve some efficiency within the marketplace, helping suppliers increase sales and profits.

As membership grows and users begin to buy and sell across the network, the GOTSchool Market has the potential to automate a significant portion of the $100 billion school supply B2B market. "In the education community, the bottom line is not about five or ten percent more profit. By bringing together schools and their suppliers, the GOTSchool Market will be able to create a network that offers unprecedented savings, helping schools spend more money on the things that matter like getting more books into the classroom and increasing teacher salaries," said Ashe.

By using the Commerce One MarketSite(TM) Portal Solution for Net Market Makers, the GOTSchool Market will be able to aggregate and organize information about products and services, facilitate the complete purchasing process and provide value added business services. "The Commerce One MarketSite(TM) Portal Solution for Net Market Makers gives GOTSchool the ability to get its e-marketplace up-and-running quickly, while allowing them to focus on bringing value to the education community," said Kevin Schick, vice president of product marketing, Commerce One.

The GOTSchool Market is a part of the Commerce One Global Trading Web(TM), an extensive, worldwide B2B trading community with portal hubs in North and South America, Asia Pacific, Europe, the Middle East and Africa.

About the Commerce One Solution for GOTSchool

The MarketSite(TM) Portal Solution for Net Market Makers provides the technology GOTSchool needs to build and maintain an e-marketplace. The portal solution will get the GOTSchool Market up-and-running quickly, requiring little infrastructure investment. Using Commerce One's innovative plug and play architecture, GOTSchool can also easily incorporate additional business services, such as such as payment, logistics and financial services with just a click. The MarketSite(TM) Portal Solution for Net Market Makers helps GOTSchool focus on adding value to its community by leveraging Commerce One's e-commerce expertise through its trading platform. This solution is based on an open, scalable platform that seamlessly integrates business services and provides connectivity to all other Commerce One trading partners.

About Commerce One

Commerce One (NASDAQ: CMRC) is the leader in global e-commerce solutions for business. Through its products, portals, and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, anytime, anywhere. The Commerce One Global Trading Web(TM) is the world's largest business-to-business trading community. Comprised of many open e-marketplaces, the Global Trading Web(TM) provides unprecedented economies of scale for buying organizations, suppliers, and service providers worldwide. Commerce One is located in Pleasanton, Calif., and can be reached by phone at (800) 308-3838 or (925) 520-6000 or via the Internet at http://www.commerceone.com/.

About GOTSchool

GOTSchool - Great Online Tools for Schools - provides the Web-based tools and applications that schools need in the connected world. Our tools enable schools to improve education by building online communities that bring people, information and resources together. GOTSchool is a company comprised of educators, business people, creatives and technologists who are committed to building the platform that empowers people to elevate education.