EVANT ANNOUNCES CONTRACT WIN WITH AWARD-WINNING E-COMMERCE SITE

Evant Media Contact: Amy Testa 415-345-2703 atesta@evant.net

SAN FRANCISCO – (June 26, 2001) - Evant Solutions Corporation, provider of demand chain management applications, has concluded a purchase agreement with hpshopping.com, Hewlett-Packard Company’s award-winning e-commerce site, to acquire Evant’s demand chain optimization solution. The Evant solution supports planning and forecasting, inventory management and decision support for multi-channel businesses.

The Evant demand chain optimization solution provides a full Application Service Provider (ASP) solution, including all hardware, software, secure network access at Evant’s AboveNet data center in San Jose, California, performance and uptime monitoring, interfaces, complete training and implementation services and 24x7 support through Evant’s functional and technical support personnel. The Evant solution is also available via a licensed model.

“Our product allows companies to automate and prioritize their inventory data, which streamlines their inventory management, ” said Rob Feuerman, President and CEO of Evant. “Upon using our product, companies will see immediate results, including better planning and analysis that will lead to cost savings and improved customer service.”

The Evant solution enables e-commerce businesses to have a complete overview of their sales and inventory with one comprehensive tool thereby freeing up more time to focus on activities that further impact sales and drive revenue.

As a system built from the ground up specifically for multi-channel businesses, the Evant solution manages the complete demand management spectrum for businesses across multiple industries, including manufacturers, wholesalers, suppliers, distributors, retailers and catalogers.

About Evant

Evant offers integrated demand management applications that support planning and forecasting, inventory management and decision support solutions for leading suppliers, manufacturers, wholesalers, distributors, catalogers, and retailers. Evant is changing the way business is conducted through an innovative software solution designed from the ground up for e-Business, built with best-in-class technologies, and delivered as an ASP service over the web or via a licensed model.

Evant is at the forefront of the digital economy revolution, providing next generation software and services that will forever change the way B2B and B2C commerce is conducted. Evant’s clients are using these solutions to more effectively manage their demand chain operations and drive profitability. For more information, contact Evant at 450 Geary Street, Suite 400, San Francisco, Calif., 94102; phone 415-345-2700; fax 415-345-2727.