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Subject: Commerce One and RioLabs team up
PRESS RELEASE Contacts: Annie Pomponio Brian McManus RioLabs, Inc. Strategy Associates, Inc. 303-313-0900 650-653-2764 Annie.Pomponio@riolabs.com bmcmanus@strategyassociates.com For Immediate Release COMMERCE ONE AND RIOLABS TEAM TO CONNECT SUPPLIERS TO COMMERCE ONE.NET Alliance Focused on Driving Business Commerce onto the Web Denver, CO., November 1, 2000 - RioLabs Inc., a leading provider of supplier exchange integration technology for business-to-business (B2B) electronic commerce solutions, and Commerce One, Inc. (NASDAQ: CMRC), the leader in global e-commerce solutions for business, plan to work together to make it easy for suppliers to connect and conduct business on Commerce One.net - leveraging both XML and EDI technology platforms. RioLabs and Commerce One have signed a preliminary non-binding memorandum of understanding. Definitive agreements are expected to be executed by first quarter of 2001. RioLabs intends to offer its cross-platform solution to suppliers connecting with Commerce One.net, an open e-marketplace that provides global e-commerce services to buyers, suppliers and Net Market Makers. RioLabs’ flagship product, RioTrade, allows companies to execute direct mission-critical business processes, such as loading catalogs, real-time price and inventory checks, purchase orders and order confirmations, through Commerce One.net. This enables seamless, real-time business transactions among diverse trading partners. "As a leading e-marketplace, Commerce One.net offers buyers, suppliers and e-marketplace operators a powerful way to buy and sell globally," said Bob Hale, CEO of RioLabs, Inc. "RioLabs provides a product empowering e-marketplaces and suppliers with immediate transaction capability. The ability to bring these suppliers online in days is the type of critical traction e-marketplaces must demonstrate to succeed. “ "We believe the strength and flexibility of RioLabs’ flagship product RioTrade, will help Commerce One.net achieve maximum return on investment in the shortest possible time," said Roy Satterthwaite, vice president of Commerce One.net. "We believe RioLabs will addresses one of the most important areas of B2B e-commerce, helping suppliers get online and transacting." RioLabs provides a full range of B2B solutions that let companies realize their e-commerce strategies. Through broad support of open standards and protocols, such as Commerce One’s xCBL, RosettaNet, Microsoft BizTalk, OBI, OAG, FpML, ACORD, ANSI X12 and EDIFACT EDI, RioTrade links to multiple e-marketplaces using any of the various standards. About RioLabs, Inc. RioLabs, based in Denver, provides e-Marketplace integration technology for suppliers in the e-commerce market place. RioLabs’ technology makes the promise of B2B e-commerce a reality by rapidly and automatically linking enterprise information sources with exchanges or direct trading solutions. RioLabs provides an easy-to-use, two-way, e-commerce transaction capability, greatly reducing the time-to-market for e-marketplaces, direct suppliers, Web-based catalogs and ASPs. These results are achieved in days rather than several months for integration. As a result, enterprise organizations are able to realize a strong strategic competitive advantage and an extremely rapid return on investment. About Commerce One.net Commerce One.net is an open e-marketplace that provides global e-commerce services to buyers, suppliers and Net Market Makers. Commerce One has established relationships with leading business service providers and is syndicating these services through Commerce One.net, providing unparalleled customer access to high quality business services. The Commerce One.net portfolio of business services is open, enabling B2B e-commerce regardless of trading partner platforms. Commerce One.net is also an on- ramp to the Global Trading Web, the world’s largest business- to- business trading community. # # # Forward Looking Statements The foregoing paragraphs include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements concerning the availability of RioLabs’ cross-platform solutions to suppliers connecting on Commerce One.net, the ease, capabilities and anticipated benefits of such solutions, including a maximum return on investment and rapid integration. Actual results may differ materially from those described in such statements as a result of a number of factors. These factors include, but are not limited to, the risk that the parties do not execute definitive agreements with respect to the alliance, that the final terms of the agreement differ from those initially planned, the ability of the parties to execute on their plans and to continue to support the alliance, the cooperation of the parties and their ability to integrate RioLabs’ solutions into the portfolio of services provided by Commerce One.net, the risk that Commerce One.net may not grow as planned, a general downturn in economic conditions, intense and increasing competition in the market, and the extent of customer adoption and utilization of the solutions and services provided on Commerce One.net. For a discussion of these and other risk factors that could affect Commerce One’s business, see “Risk Factors” in Commerce One’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 1999 and its quarterly report on Form 10-Q for the quarter ended June 30, 2000.
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