Appshop's Rapid Implementation Approach Exceeds Customer's Expectations; Leading ASP's Expertise with Oracle E-Business Suite 11i Propels Truis Corporation to 'Go-Live' in 42 Days

Business Wire, June 18, 2001

Business Editors/High-Tech Writers

FREMONT, Calif.--(BUSINESS WIRE)--June 18, 2001

Appshop, Inc., the largest independent Oracle (Nasdaq:ORCL) ASP, today announced the successful implementation of the Oracle E-Business Suite 11i, including Oracle Financials and Purchasing, at Truis Corporation, a provider of customer intelligence solutions to business-to-business enterprises. With its unrivaled expertise in Oracle applications, Appshop deployed the Oracle Financials and Purchasing modules in only 42 days, exceeding Truis Corporation's expectations.

"Everyone we talked with at Oracle spoke highly of Appshop, which gave us the confidence that Appshop could perform the tasks we outlined in a timely and cost-efficient manner," said Steve Oreskovich, director of finance, Truis Corporation. "Appshop's industry expertise shined through when the estimated 60-day implementation was completed in 42 days. Their jumpstart methodology, training process and overall level of service far exceeded our expectations."

Appshop is a leading ASP that offers a complete enterprise solution using the Oracle E-Business Suite. Appshop is uniquely focused on Oracle applications, which drives a level of domain expertise that increases speed to implementation, improves service quality and maximizes customer satisfaction.

Due to its successful customer intelligence solution, Truis is growing rapidly and needed a software solution that would integrate various finance department processes. Using the Oracle E-Business Suite, Appshop provided Truis with a seamless integration of its base financial, expense reporting and purchase requisition systems, allowing employees to stay focused on their core competency.

As a result of implementing Oracle Financials, Truis has seen significant reduction in the time it takes to close monthly financials -- closing books within a couple of days as opposed to the seven to ten days it took with its original system. Additionally, Appshop's hosting services give Truis the benefits of having systems up and running 24/7 without the worry of managing an IT department.

"Appshop is committed to delivering the highest quality service to support Oracle applications," said Sampath Kumar, co-founder and vice president of professional services at Appshop. "Providing Truis with a scalable enterprise solution, in a very short period of time and within budget, is just another example of the commitment we make to all of our customers."

About Truis Corporation

Truis Corporation is a business service delivering a powerful solution to collect, manage and distribute verbatim customer intelligence for business-to-business enterprises. The Truis IQ Solution combines a proven methodology with a powerful, easy-to-use Web application to capture customer intelligence through ongoing conversations with customers. Unlike traditional data driven CRM applications, the Truis IQ Solution helps business-to-business companies gain valuable customer understanding through the natural language of verbatim customer intelligence. Companies deploying the Truis IQ Solution maximize the value contained within each customer relationship measured through additional revenue, increased customer satisfaction and reduced customer defection. Truis Corporation is a privately held company in San Francisco, CA. Customers include Cisco, Commerce One, Business Objects, Informatica, Digital Island, Microsoft bCentral and VA Linux. The company's Web site address is www.truis.com.

About Appshop

Appshop is a leading Application Service Provider (ASP) that focuses on providing the complete enterprise solution using Oracle's e-Business suite in a hosted environment for a monthly fee. Appshop's end-to-end integrated managed solutions include professional services, hosting and environment management, ongoing maintenance and functional and technical 24/7 support. The company offers a full range of managed services for enterprise business applications such as customer relationship management, e-Commerce, enterprise resource planning, finance, human resources, manufacturing, marketing, product development, supply chain management and transportation. Appshop is an Oracle Certified Solution Partner headquartered in Fremont, Calif., with regional offices across the U.S. and subsidiaries in Bangalore, India and Zhuhai, China. Additional information about Appshop is available at www.appshop.com.

Appshop is a trademark of Appshop, Inc. Oracle is a registered trademark of Oracle, Inc. All other trademarks are owned by their respective companies.