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FOR IMMEDIATE RELEASE 4 DECEMBER 2000 Contact: PAGEBID HITS THE ONE MILLION MARK; ADDS TO BOARD San Francisco, CA - PageBid has announced that document technologies services for over one million pages were processed through www.PageBid.com in the month of November. This announcement comes on the heels of the launch of version 2.0 of the company's flagship ASP tool. With this new version the company has completely redesigned the process for ease of use, and offers busy users new features such as the Ball Park Estimator, which gives purchasers an immediate project estimate based on industry averages, and Commerce Business Daily listings for providers looking to conduct business with the U.S. government. PageBid also announced that Michael Oswald, Chief Administrative Officer and General Counsel of NowDocs, and Richard McKinley, a principal at McKinley Associates and former Vice-President of Finance at The Gap, have joined its Board of Advisors. Tim Myles, founder and CEO of PageBid noted that this early success has been particularly rewarding because the company has worked with a broad base of purchasers and providers, while keeping with its strategy of initially focusing on the legal vertical. "In our first full month of business we have assisted legal document technologies purchasers from corporations, government agencies, and private law firms, as well as providers both within and outside the U.S. This is a validation of our strong business model and clear vision. With the enhancements in version 2.0, and the great additions to our board, we're looking forward to building on this momentum." PageBid, an e-commerce company that is revolutionizing procurement in the document technologies industry, was founded in October of 2000. It is part of the Shoreline Technology Ventures family and is financed by private investors. The company uses the ASP model and streamlines the procurement and sales of document technologies by allowing purchasers and providers to post and respond to RFPs in an automated fashion. The $23 billion document technologies industry is growing rapidly, and serves the legal, insurance, healthcare, and financial services markets, among others. It encompasses all technologies which are applied to information in document form, such as imaging, coding, archiving, and records management. For more information on the company, please see www.PageBid.com.
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