Appshop Reports Record Number of Oracle 11i Upgrades and Implementations; Leading ASP Continues to Provide Superior Oracle 11i Consulting Services to Customers

Business Wire, April 9, 2002

Business Editors/High-Tech Writers

Oracle AppsWorld

Booth #2114

SAN DIEGO, Calif. (BUSINESS WIRE) -- April 9, 2002--Appshop, Inc., the largest independent Oracle (Nasdaq:ORCL) Application Service Provider (ASP), today announced that it has successfully implemented or upgraded Oracle E-Business Suite Release 11i at more than 50 customer sites since the suite was first released. These upgrades range from financials and purchasing to full ERP and CRM implementations.

"Oracle 11i creates a platform for customers to leverage their Oracle applications investment," said Sampath Kumar, senior vice president, Professional Services, Appshop. "We are pleased to be able to help our customers achieve their business objectives better, faster and with greater value."

Appshop is a member of the Oracle Partner Network as an Oracle Certified Partner and an Oracle Authorized Implementer. Its consultants have a deep understanding of the technical and functional features of Oracle 11i. By leveraging its rapid implementation methodology, Appshop's customers are able to go live in a matter of weeks to begin using the Oracle 11i solution.

One of Appshop's more recent Oracle 11i upgrade customers is Riverstone Networks, a leading manufacturer of routers and switches. As a customer of Appshop's since 2000, Riverstone has counted on Appshop's ASP solution to maintain its enterprise system for more than two years. Appshop recently provided Riverstone upgrade services to Oracle 11i and continues to provide the company with hosting and consulting services.

"With Appshop, I know my team is getting the hands-on support they need and my time is freed up to concentrate on other areas," said Graeme Thompson, director, Systems and Process Development, Riverstone Networks.

A sample of some of Appshop's other Oracle 11i customers include:

-- BlueArc Corporation - Appshop successfully implemented Oracle 11i, including
modules of Oracle's new Customer Relationship Management (CRM) solution, at
BlueArc.

-- Putnam Lovell Securities - Appshop successfully migrated Putnam Lovell
Securities' Oracle application to Appshop's data center where Appshop hosts and
manages Putnam Lovell's financial information. In addition, Appshop provided
Putnam Lovell upgrade services to Oracle 11i.

-- Truis Corporation - Appshop deployed the Oracle Financials and Purchasing
modules in only 42 days, exceeding Truis Corporation's expectations.

About the Oracle PartnerNetwork

The Oracle PartnerNetwork is a global business network of more than 12,000 companies who deliver innovative enterprise software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork provides partners with the resources they need to be successful in today's Internet economy. Oracle partners are able to offer customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company.

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, California with regional offices across the U.S. and subsidiaries in Bangalore, India, United Arab Emirates (UAE) and Zhuhai, China. Additional information about Appshop is available at www.appshop.com.

Note to Editors: Appshop is a trademark of Appshop, Inc. Oracle is a registered trademark of Oracle Corporation. All other trademarks are owned by their respective companies.