People & Positions:

digiMine Appoints Ronald Cook CFO

digiMine Inc, a leader in ebusiness analytics and data mining solutions for business people, announced Ronald Cook has joined the company as chief financial officer.

Cook is responsible for all accounting, financing, budgeting and reporting functions. With more than twenty-three years of accounting, finance and operations experience, Cook brings to digiMine special expertise in debt and equity transactions, as well as strong relationships with the investor and financial community. He has already contributed significantly at digiMine, helping the company close $20.3 million in round C financing, which was announced May 13, 2002.

"With a winning combination of solid technology, an innovative business model and a talented management team, digiMine has quickly built tremendous momentum in the analytics and data mining market," said Cook. "It is a great opportunity for me to be part of the digiMine executive team and to help steer a dynamic company's financial strategies."

Prior to joining digiMine, Cook was CFO and a board member for Harbor Properties for ten years. There he was instrumental in structuring and creating Harbor Resorts, leading the merger of three Northwest ski areas. In 2000 he was named president of Harbor Resorts, which became one of the region's largest resort companies, with over 2,500 employees and double-digit revenue growth. Previously, Cook was vice president of finance for a fast growing real estate developer in Bellevue, which eventually became Bentall. There he was responsible for accounting, finance and asset management of a portfolio of thirty-five limited partnerships worth nearly $400 million. Cook also spent eight years as a practicing CPA for Deloitte & Touche in Seattle.

"Ron is a vital addition to the digiMine executive team, providing management excellence and long-term financial strategy for the company," says Usama Fayyad, president, CEO and co-founder of digiMine. "His skills and experience will be invaluable to us as we continue to grow."

Since it's founding in March 2000, digiMine has consistently grown as an organization and developed an impressive customer base of leading companies. The company has received numerous awards, including the Washington Software Alliance's "2001 Business Product of the Year" and Computerworld Magazine's "Emerging Company."

About digiMine

digiMine is setting new standards for the delivery of powerful data mining and analytics. digiMine managed data mining solutions transform raw data into actionable business intelligence for more profitable marketing campaigns, sales interactions and customer relationships. The company's solutions are powered by a managed data warehouse and delivered via the Internet, providing fast deployment, a low total cost of ownership and outstanding return on investment. For additional information about digiMine call 425-460-5000 or visit the company Web site at www.digiMine.com.

Michael Howard Joins OuterBay as Chairman and CEO

OuterBay, a provider of Application Resource Management (ARM) software, announced that Michael Howard, a 20-year technology industry veteran, has joined the company as chairman of the board and chief executive officer. Howard will scale operations, identify product and market opportunities, and build strategic alliances for OuterBay, a privately held company employing 40 people and headquartered in Campbell, California.

Howard, 42, joined OuterBay from VERITAS Software Corporation, the $1.5 billion storage solutions vendor, where he was vice president and general manager of the Internet Division. Prior to VERITAS, Howard was vice president of Oracle's data warehouse and business-to-business integration division where he managed development, marketing, business development, curriculum, and a $1B product revenue center. Before that, he was a vice president and general manager at Information Builders. He holds a bachelor's of science degree with honors from the University of California, Berkeley.

"Michael's proven operational leadership and application expertise are invaluable to OuterBay as they accelerate their efforts to enter new markets and scale to serve the needs of the company's global enterprise customers," said Rory O'Driscoll, managing director of BA Venture Partners. "We look forward to Michael's leadership at this time of growth."

"OuterBay's Application Resource Management solutions deliver an alternative approach to help enterprises meet or exceed service levels in the face of consolidations, data growth and regulatory compliance," said Michael Howard, Chairman and CEO of OuterBay. "Traditional approaches, such as adding server and storage capacity, are merely short term fixes. OuterBay's application aware infrastructure resolves these challenges and delivers high performance and stability to application environments."

About OuterBay

OuterBay's Application Resource Management (ARM) solutions are a new class of application aware infrastructure. OuterBay's software monitors and manages data growth in the application environment and takes action to maintain high service levels of performance and stability. OuterBay's products include Application Resource Manager, LiveArchive, and Instance Generator. OuterBay's product suite is engineered to work with leading ERP and CRM applications and reduces the total cost of ownership associated with enterprise application environments.

Founded in 1997, OuterBay is headquartered in Silicon Valley with offices in the United States, Europe and Australia. In September 2001, the Company closed its Series A funding of $10 million led by BA Venture Partners and Leapfrog Ventures, LLC. Customers include Fortune 1000 and emerging global economy leaders in such industries as high technology, manufacturing, and financial services. For more information on OuterBay's solutions, contact OuterBay at www.outerbay.com.

Contact OuterBay Technologies, Maureen Kelly, 408-340-1254, mkelly@outerbay.com.