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Press Releases Tuesday, May 8, 2001   
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Xchange eMessaging Incorporates 2WAY Interactive System Technology To Gather Real Time Customer Feedback on Permission-Based Campaigns

2WAY technology to provide Xchange clients with stronger insight into customer preferences that drives higher levels of personalization

BOSTON and SEATTLE, May 8 -- Xchange(TM) Inc. (Nasdaq: EXAP), which specializes in converting customer relationships into profits, and 2WAY(TM) Corporation, a collaborative communications software provider, today announced an agreement to include 2WAY Interactive System(TM) within Xchange eMessaging campaigns. By embedding 2WAY technology, Xchange clients can enhance the presentation of their permission-based email campaigns, while gathering customer feedback in real time. The 2WAY technology works within Xchange eMessaging to further pinpoint customer needs and individualize eMessaging campaigns enabling clients to drive a greater ROI.

Xchange eMessaging helps organizations quickly and easily plan, create and execute highly personalized opt-in email campaigns. 2WAY software interacts dynamically with customers, partners and associates, delivering real-time feedback to make more informed business decisions. By engaging email recipients in a directed exchange of information, 2WAY Interactive System empowers Xchange`s eMessaging clients to gather real time intelligence from their Xchange eMessaging campaign.

"We are excited to partner with Xchange. They are one of North America`s largest opt-in email service providers, with more than 800 million permission- based messages sent last year," said Scott Saunders, 2WAY Director of Business Development. "Xchange`s expertise in communications technology makes them an ideal partner for 2WAY. Together, our technologies allow our global clients to convey highly-personalized, keenly-targeted information to their customers."

"Today`s information-driven environment makes personalization the key factor that ensures customer communications add value. 2WAY`s technology enhances Xchange eMessaging`s ability to provide customers with the exact offers and information they want," said Robin Green, executive vice president at Xchange. "2WAY Interactive System will enable Xchange`s clients to continuously refine campaigns based on customer feedback. This flexible offering will enable Xchange clients to maximize the return on their investment in eMessaging by ensuring that their communications strengthen and build profitable customer relationships."

About 2WAY Corporation
2WAY Corporation delivers collaborative communications software that streamlines the way business professionals present, accumulate, and exchange corporate information. 2WAY solutions establish essential links with customers, partners, and employees by opening new channels of direct communication across global enterprises. Founded in 1997, 2WAY Corporation is headquartered in Seattle, WA, with regional sales offices in Waltham, MA; Wilmette, IL and Lake Forest, CA. It is privately held and funded by Granite Ventures, LLC (formerly H&Q Venture Associates), Adobe Ventures, Voyager Capital and other private investors. For more information, visit http://www.2WAY.com.

About Xchange, Inc.
Exchange Applications, Inc., now doing business as Xchange, Inc., helps companies focus their resources on customers who represent the best long-term profitability. Xchange delivers results by instilling a profit-focused discipline in the organization, coordinating all touch points and creating a personalized dialogue with the most valuable customers. These solutions are impacting the bottom line of approximately 290 companies worldwide, including Citigroup, DaimlerChrysler and Vodafone. Xchange is based in Boston with offices worldwide. For more information, visit http://www.xchange.com.

Xchange and Xchange eMessaging are trademarks of Exchange Applications, Inc. 2WAY and 2WAY Interactive System are trademarks of 2WAY Corporation. All other trademarks contained herein are the property of their respective owners.

CONTACT:
Xchange
Tristan Jordan or Mikaela Sullivan
617-737-2244
pr@xchange.com

2WAYCorporation
Kim Williams
206-494-4304
kwilliams@2way.com

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