Hubwoo Announces Update to Board of Directors SAP Resigns from Hubwoo Board of Directors

PARIS, Nov. 29, 2012 /PRNewswire/ -- Hubwoo SA (Euronext: HBW.NX), a leading collaborative business network provider, today announced a change to its Board of Directors.

(Logo: http://photos.prnewswire.com/prnh/20121129/DA21233LOGO)

SAP has resigned its position as member of the Hubwoo Board of Directors.

Gregory A. Mark, Hubwoo CEO and Chairman of the Board commented "Although we have enjoyed a long and close relationship with SAP, this move is consistent with our growth strategy for The Business Network, Hubwoo's open, multi-enterprise business process collaboration network."

About Hubwoo (www.hubwoo.com)

Hubwoo is a leading collaborative business network provider that manages The Business Network with over one million registered businesses including major international corporations as buyer customers. Significant customers include BASF, Honeywell, Shell, Evonik, EDF, Nokia, Monsanto, Nationwide, Michelin, Henkel, Statoil, CONSOL Energy, EcoPetrol, Campbell's, Burton's Foods, and The Dow Chemical Company.

Hubwoo has major operations in France, multiple U.S. centers, Germany, the U.K., Philippines, Belgium, and Eastern Europe.Listed in Compartment C on the Euronext Paris Eurolist.

ISIN: FR0004052561, Euronext: HBW, Reuters: HBWO.PA, Bloomberg: HBW:FP

SOURCE Hubwoo



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