NetLedger Celebrates Sweep of Victories; NetLedger Upstages Intuit and Peachtree with PC Magazine Editors' Choice Award, PC World Best Bet and Ziff Davis Smart Business MVP 2001 Award

Business Wire, Feb 1, 2001

Business Editors & High Tech Writers

SAN MATEO, Calif.--(BUSINESS WIRE)--Feb. 1, 2001

NetLedger Inc.

-- "Barely a year old, NetLedger is a very competent package that boasts strong
ledger, payroll, accounts-payable, and accounts-receivable modules. NetLedger
is also the only online product in this roundup to exploit the strengths of
being Web-based." PC Magazine, Editors' Choice

-- "The first name in Web-based accounting is still the first one to turn to
when putting your books online." Ziff Davis Smart Business, MVPs 2001

-- "Small-business accounting has taken the Web with a vengeance. The best of
the group is NetLedger, which pioneered Web-based accounting." PC World, Best
Bets

NetLedger, Inc., the leader in Web-based solutions that enable small businesses to succeed in the new economy, today announced that it has swept awards in its category from prestigious publications including PC Magazine, PC World, and Ziff Davis Smart Business (formerly PC Computing).

In its online accounting roundup PC Magazine gave accolades to NetLedger for its strong ledger, payroll, accounts-payable, and accounts-receivable modules. Additionally, NetLedger is recognized for being the first to exploit the strengths of being Web-based such as its impressive e-commerce tools for integrating users' books with an electronic storefront as well as built-in online bill payment. The full review appears online at http://www.zdnet.com/zdhelp/stories/main/0,5594,2679045,00.html and in the February 20 issue of PC Magazine.

In much the same vein, PC World ranked NetLedger as a Best Bet in the Web-based application category. The full story can be found in the February 2001 issue as well as online at http://pcworld.com/features/article.asp?aid=36743&pg=4.

NetLedger has also received the MVP 2001 Award for Web-based accounting from Ziff Davis Smart Business for the New Economy. The full coverage is featured in the January issue and online at http://www.zdnet.com/smartbusinessmag/stories/all/0,6605,2659974-4, 00.html#account.

Both PC Magazine and PC World did head to head comparisons with competitive ASP offerings from Intuit and Peachtree. NetLedger received four stars from PC Magazine, while Peachtree received three and Intuit two.

"We are honored to receive unanimous acclaim from these prestigious publications," said Evan Goldberg, president and CEO of NetLedger. "The reviews show how NetLedger has leaped ahead of traditional shrink-wrap vendors in the small business accounting space, on the way to transcend the category with the addition of a full spectrum of integrated business tools."

About NetLedger

NetLedger, Inc., the leading application service provider (ASP) that enables small businesses to succeed in the new economy, delivers the industry's first Web-based accounting platform and turns the accounting system into a powerful e-business tool. This tool offers capabilities including online commerce, expense reporting, online customer ordering, online credit card processing, online bill pay, and employee, customer and supplier remote access. NetLedger was founded in 1998 and is headquartered in San Mateo, Calif. NetLedger provides enhanced, integrated solutions to small businesses through its strategic partnerships including Yahoo! Inc. (Nasdaq:YHOO), Automatic Data Processing Inc. (NYSE:AUD), OfficeMax (NYSE:OMX), OneCore.com, Stamps.com (Nasdaq:STMP), New England Business Service (NYSE:NEB), Paytrust, Bigstep.com and Innovative Merchant Solutions. For more information about NetLedger visit the Web site at www.netledger.com.