Ptech Inc. Adds Newly-Created Chief Operating Officer, General Manager, Europe Positions; Adds Sales VP

Business Wire, August 28, 2001

Business/Technology Editors

BOSTON--(BUSINESS WIRE)--Aug. 28, 2001

CFO George Peterson Adds COO Role; Jeff Goins promoted to General

Manager, Europe; Blake Bisson Joins as Vice President of Sales

Ptech Inc., a leading provider of business process modeling software, announced it has expanded its management team by creating new positions of chief operating officer and general manager, Europe, and adding a seasoned sales vice president to its team. George Peterson, presently chief financial officer and vice president corporate development for Ptech, adds the role of chief operating officer to his duties, reporting to chief executive officer Oussama Ziade. Jeff Goins, formerly vice president of sales, assumes the General Manager, Europe post and will also report to CEO Ziade. Replacing Goins is newly appointed sales vice president Blake Bisson, reporting to COO Peterson. Ptech's expanded management team positions the company to continue its track record of strong growth and capitalize on market demand for enterprise architecture (EA) software and services.

"A solid management team is the best investment a firm can make in its future," said Oussama Ziade, founder and CEO of Ptech. "With today's appointments we have the leadership and talent in place to achieve our goals and drive the company into the future with additional working capital, a global presence, and expanded partnerships. All three appointees already have been a tremendous help to me and to Ptech's board of directors. Their collective bench depth will allow me to focus externally on strategic issues as we deliver value to our customers, investors and our industry."

George Peterson, COO and CFO

George Peterson has been instrumental in enhancing Ptech's internal management systems since March 2001 and in his expanded role as chief operating officer will focus on day-to-day operations as well as fiscal management and securing working capital. He has 30 years of high-tech, management experience in rapidly growing companies. Prior to Ptech, Mr. Peterson served as vice president of business development/CFO of InterSense where he raised financing and negotiated distribution agreements, doubling the company's market cap. Prior to that, he was CFO at InterSystems. Mr. Peterson also has been president and CEO of Sandia Imaging Systems; COO of Varitronic Systems; general manager, Electronic Publishing Systems of EDS; vice president, business development and marketing at BellSouth/Dataserv; and a member of the technical staff at Bell Labs. He holds an MBA and two engineering degrees from Cornell University.

Jeff Goins, General Manager, Europe

Jeff Goins has been a driving force behind Ptech's over ten-fold growth in revenue since he joined in 1997, and now will focus on creating a strong beachhead for Ptech in Europe. As Ptech's vice president of sales, Mr. Goins won many of Ptech's top-tier clients, gained greater presence in the Federal government market with a GSA schedule listing, and established alliances with leading methodologists. Prior to joining Ptech, Mr. Goins held the position of government account executive for GMIS from 1995 to 1997. Prior to that, Mr. Goins was a marketing manager with Computer Associates, and a member of the sales staff at EDS. He holds a B.S. degree in Finance from Virginia Commonwealth University.

Blake Bisson, Vice President of Sales

Blake Bisson joined Ptech with more than 20 years of computer industry sales and marketing experience. His experience in providing sales leadership in rapid growth situations is extensive. Prior to joining Ptech, Mr. Bisson held the position of vice president of sales at Concentric Visions, InterSense, ICE and Bull Information Systems. He ran the custom consulting organization at BIS/CAP International and held other senior marketing and sales positions at Computervision Corporation and Digital Equipment Corporation. He holds an MBA from Babson College and a BS from the University of Massachusetts Amherst.

About Ptech, Inc.

Founded in 1994, Ptech Inc. is a leading provider of business process modeling software to Global 2000 enterprises that enhances their ability to align strategy and operations in the face of change. Ptech's software and consulting services allow organizations to model and construct an integrated, comprehensive, and dynamic enterprise architecture that enables management to make strategic decisions with a full understanding of the operational impact. In doing so, Ptech empowers organizations to seize market opportunities and respond to change faster and more effectively. Ptech's customers include ABN Amro Bank, Aetna, Applied Materials, Department of Veterans Affairs, Edward Jones, Honeywell, IBM, Mitre Corporation, MetLife Insurance, Motorola, NATO, Sprint, the Canadian Workplace Safety & Insurance Board (WSIB) and the US Air Force. For more on Ptech, see www.ptechinc.com.