International Chemical and Plastics Executive Joins Riverton Corporation's Advisory Board

Business Wire, Feb 19, 2001

Business/Technology Editors

BURLINGTON, Mass.--(BUSINESS WIRE)--Feb. 19, 2001

Ralph Klein Brings Industry Expertise to Internet Consulting Firm's

Collaborative Commerce Practice

Riverton Corporation, a rapidly growing Internet consulting firm, today announced that Ralph Klein, an international chemical and plastics executive, has agreed to join its advisory board to provide industry insight and expertise on how best to meet the needs of chemical producers.

Ralph Klein has been active in the chemical and plastics industry for more than 30 years. He has served as president of Petronet International Corp, an international trading and distribution firm and was the director of trading for ICC Chemicals and the ICD Group for fifteen years. Ralph sits on a number of advisory boards such as ChemConnect, the largest chemicals and plastics B2B exchange, and other technology ventures including organizations involved in chemical risk management and derivatives and international online quality assurance.

"The chemical industry is rapidly moving toward a more tightly integrated, collaborative model," says Klein. "There is a tremendous incentive to collaborate with other members of the value chain, consequently there is great potential for Riverton in this arena. I'm very pleased to offer my experience to help address the challenging supply and demand dynamics of this highly competitive industry."

As a pioneer in the chemical industry worldwide, he has witnessed the evolution of the industry from a market that was characterized by relative stability and few competitive threats to one that is now highly competitive and collaborative. Chemical manufacturers are now looking for ways to reduce costs by adopting systems that facilitate electronic integration and allow for automation and cooperation between producers, their customers, and suppliers. Klein will assist Riverton in its collaborative commerce practice by providing vertical industry expertise within the chemical manufacturing arena.

"Ralph Klein is truly an expert in trading and distribution," commented Riverton CEO Bob Gleason. "The fact that such a trailblazer has shown confidence in our firm gives us great optimism in building upon and expanding our collaborative commerce practice in the chemical industry."

About Riverton

Riverton is a rapidly growing Internet consulting firm focused on taking e-business strategies all the way to stable operations. Riverton has a large, dedicated collaborative commerce practice, comprised of supply chain, ERP, and e-commerce experts. Riverton differentiates its services with strong operations management and emerging technologies practices. Riverton's core competencies span strategy and business process optimization; marketing; and systems architecture, design, and implementation. Founded in 1999, Riverton has offices in Boston, Atlanta, and Dallas. For more information on Riverton, visit www.riverton.com.