OuterBay Technologies is Named
Winner of OracAlumni Faire II

OuterBay Technologies Presents Best Business Plan to Expert Panel of VCs and Entrepreneurs at Annual Venture Event

SAN JOSE, Calif. (December 19, 2000) - OuterBay Technologies, a supplier of performance-resolution software that maximizes the performance, reliability and round-the-clock availability of mission-critical packaged and e-business applications, announced today that it has been voted Winner of OracAlumni Faire II.

OracAlumni Faire II, an annual targeted venture and recruiting event for enterprise and Internet businesses, was held on December 10, 2000 at the Hyatt Regency San Francisco Airport in Burlingame, Calif. A VIP audience of more than three hundred venture capitalists, analysts, members of the press and entrepreneurs attended the event.

"More than thirty companies applied to give presentations at OracAlumni Faire, and of those, ten were chosen, said Dennis B. Moore, president of OracAlumni Network. The companies that were selected showed the most promise for rapidly achieving profitability. The competition was very intense, and OuterBay won the panel over because of its strong value proposition and the uniqueness of its solution.

The OracAlumni Faire panel of experts used twenty criteria to assess the presenting companies business plans, market opportunity and ability to execute. Once scores were tabulated, OuterBay was chosen Winner of OracAlumni Faire II.

We are honored that so many people see the quality of our product vision and the value of our business plan, said Richard Butterfield, chief operating officer of OuterBay Technologies. OuterBay Technologies is the first company to ship a software product that solves the problem of data cholesterol in packaged and eBusiness applications. When you have created a product that defines a category, it is satisfying to receive validation, especially from an audience that is very familiar with your market.

The OracAlumni Faire was created by the OracAlumni Network to bring attention to companies that are being started by entrepreneurs from the ranks of former Oracle Corporation (NASDAQ: ORCL) employees. OracAlumni Network boasts more than 750 members and is not affiliated with Oracle Corporation.

accommodation in LisbonAbout OuterBay Technologies

ERROR MSGOuterBay Technologies is a supplier of performance resolution software that allows customers to improve access to their mission-critical packaged and e-business applications. OuterBay is the creator of OuterBay Archiver for Oracle Applications, an online archive solution that provides users with immediate access to all data, new and old, through the same application interface. OuterBay Archiver leverages Oracle Applications purge functions to intelligently deposit purged data into a single archive database, thereby reducing infrastructure complexity and improving system performance. OuterBay Technologies is based in San Jose, California. For more information view the company's Web site at http://www.outerbay.com.

Investor inquiries should be directed to Bill Morrow, vice president of sales and marketing, 408-557-6100.

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