eHatchery and Encore Development Form Partnership

eHatchery, the incubator for new technology and new ideas, and Encore Development, a premier Web-powered business solutions provider specializing in world-class eBusiness and Data Warehouse solutions, announced a powerful technology partnership, resulting in the fastest way to launch a start-up eBusiness in need of industrial-strength technology solutions. The partnership arrangement provides that eHatchery's engineering architecture, development and project management teams will join Encore's group of world-class technology professionals to provide single-source, enterprise-scalable solutions for start-ups.

"Our partnership with eHatchery is directly in-line with our strategy for aggressive growth as we position Encore to move into the global marketplace," said Bob Leonard, co-president for Encore. "We plan to expand our key skill sets, focus on complex solutions that create significant value for our clients and attract key talent to Encore. The addition of eHatchery's experienced team members and early-stage company expertise will allow us to better meet the needs of emerging companies that will shape the future of the economy."

Per the Agreement's terms, Encore will have a five-year engagement as eHatchery's preferred technology development partner and will oversee Hatchware, eHatchery's start-up technology platform. eHatchery will in turn receive an equity stake in Encore. The partnership will combine eHatchery's technical knowledge and start-up expertise with Encore's award-winning, eBusiness and data warehousing solutions expertise. This will expand eHatchery's capability to offer world-class service to venture-funded companies and allow Encore to leverage the pilot-to-enterprise solutions across their entire client base.

"eHatchery's technology platform was created to empower start-ups with an affordable solution for leveraging the most relevant eBusiness software at the earliest stages of business development," said Jeff Levy, Founder and CEO of eHatchery. "We are thrilled to have Encore take this platform one step further by combining eHatchery's start-up technical methodology with established software solutions, offering early-stage companies the best opportunity to scale quickly and effectively."

About eHatchery LLC

eHatchery LLC is a full-service incubator that creates partnerships that turn innovative business ideas into sustainable businesses at Internet speed. Founded in 1999 by entrepreneur Jeff Levy and located in Atlanta, Georgia, eHatchery actively supports venture companies by integrating best practices, proven metrics, infrastructure, established technology and experience. This approach to building companies allows entrepreneurs to focus on the fundamental elements of building a business and developing their own competitive edge. eHatchery institutional investors include idealab!, United Parcel Service, Donaldson, Lufkin & Jenrette and Cox Enterprises. eHatchery client companies include eTour, VetExchange, SimplyCollectible, and TradeUps. eHatchery is currently accepting new business plans. For more information or to submit your idea, please visit www.ehatchery.com.

About Encore Development

Encore Development is a premier business solutions provider specializing in designing, building and implementing world-class e-business and data warehouse solutions for Fortune 1000 and New Economy companies. Supported by an unparalleled talent pool and driven by a strong commitment to technical resources and innovation, Encore tackles today's most challenging and sophisticated business information projects. Clients include UPS, Equifax, Genuine Parts Company, HomeSide Lending and CSX. For more information about Encore, visit www.encoredev.com.

Contact Neal Wilder of eHatchery LLC, 404-487-1362, nwilder@ehatchery.com, or Lori Messina of Encore Development, 904-596-8766, or lmessina@encoredev.com.