marchFIRST Announces Agreement to Sell HostOne to divine, inc. Also Announces Agreement to Sell Certain East Coast Operations to Epic Software and Services, Inc.

Both Transactions Subject to Bankruptcy Court Approval



Apr 18, 2001, 01:00 ET from marchFIRST, Inc.

    CHICAGO, April 18 /PRNewswire/ -- marchFIRST, Inc. (Nasdaq: MRCH), which
 filed for relief under Chapter 11 of the Federal Bankruptcy Code on April 12,
 2001, announced today that it has entered into an agreement to sell its
 HostOne business to divine, inc., subject to Bankruptcy Court approval.
 marchFIRST intends to use its best efforts to obtain approval of the sale and
 have a sale order entered by the Bankruptcy Court no later than May 15, 2001.
 As consideration for the purchase of the HostOne business, divine has agreed
 to cover certain operating shortfalls of this business and to assume certain
 liabilities of this business.
     marchFIRST also announced today that it has entered into an agreement to
 sell the assets of its New York, New Jersey and Boston offices to Epic
 Software & Services, Inc., subject to Bankruptcy Court approval.  The
 consideration to be received by marchFIRST includes cash at closing, the
 assumption of certain liabilities and future cash payments based on collection
 of accounts receivable and revenue generated over the next five years.
     As previously disclosed, marchFIRST continues to be in active discussions
 for the sale of other domestic and foreign business units.  As described in
 marchFIRST's April 12, 2001 news release, any cash proceeds received by
 marchFIRST from the foregoing transactions or otherwise are to be distributed
 to creditors and, if creditors have been fully paid, to holders of
 marchFIRST's preferred stock and then holders of its common stock.  However,
 as previously indicated, at this time it is unlikely that any proceeds will
 remain for distribution to holders of marchFIRST's common stock.  marchFIRST
 continues to work closely with creditors to recover on all available assets
 and maximize their value.
 
     Cautionary Note Regarding Forward-Looking Statements
     This news release contains forward-looking statements that reflect
 marchFIRST's current expectations about its future results, performance,
 prospects and opportunities.  marchFIRST has tried to identify these
 forward-looking statements by using words such as "believe," "expect,"
 "anticipate," "intend," and similar expressions.  These forward-looking
 statements are subject to a number of risks, uncertainties and other factors
 that could cause marchFIRST's actual results, performance, financial
 condition, prospects or opportunities to differ materially from those
 expressed in, or implied by, these forward-looking statements.  These risks,
 uncertainties and other factors include, but are not limited to, marchFIRST's
 ability to complete the orderly liquidation of its business units and core
 assets and pay its creditors, pursuant to its Chapter 11 plan.  For further
 information other such risks, uncertainties and factors, please review the
 disclosure included under the caption "Risk Factors" in marchFIRST's Quarterly
 Report on Form 10-Q for the period ended September 30, 2000 and Annual Report
 on Form 10-K for the year ended December 31, 1999, as filed with the
 Securities and Exchange Commission.  marchFIRST undertakes no obligation to
 update or revise any forward-looking statements, whether as a result of new
 information, future events or changed circumstances or for any other reason.
 
 

SOURCE marchFIRST, Inc.
    CHICAGO, April 18 /PRNewswire/ -- marchFIRST, Inc. (Nasdaq: MRCH), which
 filed for relief under Chapter 11 of the Federal Bankruptcy Code on April 12,
 2001, announced today that it has entered into an agreement to sell its
 HostOne business to divine, inc., subject to Bankruptcy Court approval.
 marchFIRST intends to use its best efforts to obtain approval of the sale and
 have a sale order entered by the Bankruptcy Court no later than May 15, 2001.
 As consideration for the purchase of the HostOne business, divine has agreed
 to cover certain operating shortfalls of this business and to assume certain
 liabilities of this business.
     marchFIRST also announced today that it has entered into an agreement to
 sell the assets of its New York, New Jersey and Boston offices to Epic
 Software & Services, Inc., subject to Bankruptcy Court approval.  The
 consideration to be received by marchFIRST includes cash at closing, the
 assumption of certain liabilities and future cash payments based on collection
 of accounts receivable and revenue generated over the next five years.
     As previously disclosed, marchFIRST continues to be in active discussions
 for the sale of other domestic and foreign business units.  As described in
 marchFIRST's April 12, 2001 news release, any cash proceeds received by
 marchFIRST from the foregoing transactions or otherwise are to be distributed
 to creditors and, if creditors have been fully paid, to holders of
 marchFIRST's preferred stock and then holders of its common stock.  However,
 as previously indicated, at this time it is unlikely that any proceeds will
 remain for distribution to holders of marchFIRST's common stock.  marchFIRST
 continues to work closely with creditors to recover on all available assets
 and maximize their value.
 
     Cautionary Note Regarding Forward-Looking Statements
     This news release contains forward-looking statements that reflect
 marchFIRST's current expectations about its future results, performance,
 prospects and opportunities.  marchFIRST has tried to identify these
 forward-looking statements by using words such as "believe," "expect,"
 "anticipate," "intend," and similar expressions.  These forward-looking
 statements are subject to a number of risks, uncertainties and other factors
 that could cause marchFIRST's actual results, performance, financial
 condition, prospects or opportunities to differ materially from those
 expressed in, or implied by, these forward-looking statements.  These risks,
 uncertainties and other factors include, but are not limited to, marchFIRST's
 ability to complete the orderly liquidation of its business units and core
 assets and pay its creditors, pursuant to its Chapter 11 plan.  For further
 information other such risks, uncertainties and factors, please review the
 disclosure included under the caption "Risk Factors" in marchFIRST's Quarterly
 Report on Form 10-Q for the period ended September 30, 2000 and Annual Report
 on Form 10-K for the year ended December 31, 1999, as filed with the
 Securities and Exchange Commission.  marchFIRST undertakes no obligation to
 update or revise any forward-looking statements, whether as a result of new
 information, future events or changed circumstances or for any other reason.
 
 SOURCE  marchFIRST, Inc.