Bowstreet & division of British Telecomm announce strategic relationship

[Ann Kelly <akelly@bowstreet.com>]

Bowstreet and BT Ignite announce strategic relationship 

LYNNFIELD, MA, March 14, 2001 - BT Ignite, the broadband and Internet
Protocol (IP) data and solutions business within British Telecommunications
plc (BT), today announced that it is exploring a variety of strategic
initiatives with Bowstreet (www.bowstreet.com).

Enterprises around the world are beginning to recognize and appreciate how
web services - web-native application components - can and will dramatically
affect virtually all e-business undertakings. Using a web services approach,
businesses are able to repurpose existing IT assets and make them available
outside the enterprise to customers and partners in highly customized forms.
This allows companies to streamline operations, save time and money, serve
new channels and customers, and even create new marketable products with new
revenue streams. 

Sally Davis, president of BT Ignite Application Services, the application
service provider (ASP) unit within BT Ignite, said:  "Bowstreet is a highly
innovative company that is at the forefront of thinking and development in
the web services arena. BT Ignite is committed to delivering a wide range of
applications over the web via the ASP model. Through partnering with
industry leaders, BT Ignite has established a proven and successful
portfolio of services and applications. By exploring opportunities for
development with companies such as Bowstreet, BT Ignite is able to stay
ahead of the competition and develop truly compelling propositions that
enable our business customers worldwide to get the full benefit out of
e-commerce." 

Bob Crowley, president and CEO of Bowstreet, said:  "Web services and
business webs are the future of the Internet. Bowstreet has a proven
business web platform - the Business Web Factory - and our ability to
execute this new solution now is a key factor in our relationship with BT
Ignite. We are very excited to work with BT Ignite at a time when everyone
is agreeing that web services are at an inflection point in the software
industry."

About BT Ignite
BT Ignite - BT's broadband and Internet Protocol (IP) data and solutions
business has been created to provide a complete communications portfolio to
business and wholesale customers in all major cities throughout the world in
conjunction with partners where required. 

It is the first communications company to commit to delivering the entire IP
value chain - from core networks and Internet connectivity through to
e-commerce consultancy and solutions, with a unique blend of content
hosting, application service provision, systems integration and outsourcing
capabilities.

BT Ignite is already outstripping its nearest competitors in terms of
traditional measures of route kilometers, number of hosting centers, local
sales and service support teams, and depth of country coverage. In Europe,
it already has twice the broadband reach of its competitors and will be able
to deliver its portfolio to over 250 European cities over its own networks
by the end of 2001, and to all the world's commercial centers through BT's
partners, alliance members and subsidiaries.
  
About Bowstreet
Bowstreet is focused exclusively on creating the software breakthroughs
required to support business webs - the emerging model for companies in the
digital economy. Bowstreet provides one of the industry's first business web
platforms for discovering, assembling and delivering a new class of dynamic
applications composed of plug-and-play web services. Unlike hard-wired
solutions, the Bowstreet Business Web Factory platform was designed from the
ground up to be totally vendor-neutral, employing highly innovative,
parametric change-automation technology. With the Business Web Factory,
technologists can design massively customizable business web applications
that empower business people to expand their business web relationships
without programming. More information can be found at www.bowstreet.com or
by calling 781-586-7100.

# # #

Bowstreet is a trademark of Bowstreet, Inc. All other company names and
product names may be trademarks or registered trademarks of their respective
companies or owners.

Contact:	

Ann Kelly				
Bowstreet				
603-559-1557			
akelly@bowstreet.com			

Tim Munroe 				
Beaupre & Co. Public Relations Inc. 		
603-559-5820				
tmunroe@beaupre.com  		

Sarah Nelson
Bite Comunications for BT Ignite
+44 (0) 20 8600 6709
sarahn@bitecomm.co.uk

Isabelle Fergusson
Bite Communications for BT Ignite
+44 (0) 20 8600 6731
isabellef@bitecomm.co.uk