RevX.net Closes $6 Million Series C Funding

Alexander Hutton Venture Partners Leads Round



Apr 24, 2001, 01:00 ET from RevX.net Inc.

    KIRKLAND, Wash., April 24 /PRNewswire Interactive Press Release/ --
 RevX.net Inc., a software company providing online collaboration tools to the
 manufacturing industry, announced today it has secured $6 million in Series C
 funding. Seattle-based Alexander Hutton Venture Partners (AHVP) led the round,
 with Canada-based Greenstone Venture and Foundry Partners participating in the
 preferred stock placement.
     RevX.net products integrate business processes occurring between distant
 people in real time, creating a safe community where manufacturers, supply
 chain partners, and customers can collaborate and participate together.
 Completely customizable, the RevX.net solution generates an online application
 for any multi-step manufacturing process.
     "In the face of an extremely difficult funding environment, we are very
 pleased to have been able to attract the needed capital to keep RevX.net on
 track with our plan for growth," said John Perez, CEO of RevX.net. "The
 continued support of the investment community is a strong endorsement of our
 product direction and market focus."
     According to Perez, RevX.net will use the funds to accelerate its plan to
 become a leading provider of business process automation solutions to the
 manufacturing industry.
     Lucent Wireless and British Petroleum are among RevX.net's customers.
 
     About RevX.net
     RevX.net is an early stage software company that has developed a
 comprehensive business process automation platform. RevX.net solutions enable
 enterprise-manufacturing customers to integrate business activities occurring
 between people in real time over global distances. Operating in a wide range
 of technical environments and using the latest in XML technology, the RevX.net
 product links customers, manufacturers, and supply chain partners as one
 community of users in support of business processes held in common.
 Headquartered in Kirkland, Wash., RevX.net can be reached at 425-889-9797 or
 via the Web at www.RevX.net.
 
     About Alexander Hutton Venture Partners
     Alexander Hutton Venture Partners, LP is a Seattle-based $95 million
 venture capital fund, inaugurated in December 1999. AHVP focuses on nurturing
 early-stage technology companies located in the Pacific Northwest. Alexander
 Hutton Venture Partners' portfolio of companies includes Appliant, NetUPDATE,
 nPassage, Myrio, Metrika, RevX.net and Wonderhorse. For more information,
 visit www.ahvp.com.
 
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SOURCE RevX.net Inc.
    KIRKLAND, Wash., April 24 /PRNewswire Interactive Press Release/ --
 RevX.net Inc., a software company providing online collaboration tools to the
 manufacturing industry, announced today it has secured $6 million in Series C
 funding. Seattle-based Alexander Hutton Venture Partners (AHVP) led the round,
 with Canada-based Greenstone Venture and Foundry Partners participating in the
 preferred stock placement.
     RevX.net products integrate business processes occurring between distant
 people in real time, creating a safe community where manufacturers, supply
 chain partners, and customers can collaborate and participate together.
 Completely customizable, the RevX.net solution generates an online application
 for any multi-step manufacturing process.
     "In the face of an extremely difficult funding environment, we are very
 pleased to have been able to attract the needed capital to keep RevX.net on
 track with our plan for growth," said John Perez, CEO of RevX.net. "The
 continued support of the investment community is a strong endorsement of our
 product direction and market focus."
     According to Perez, RevX.net will use the funds to accelerate its plan to
 become a leading provider of business process automation solutions to the
 manufacturing industry.
     Lucent Wireless and British Petroleum are among RevX.net's customers.
 
     About RevX.net
     RevX.net is an early stage software company that has developed a
 comprehensive business process automation platform. RevX.net solutions enable
 enterprise-manufacturing customers to integrate business activities occurring
 between people in real time over global distances. Operating in a wide range
 of technical environments and using the latest in XML technology, the RevX.net
 product links customers, manufacturers, and supply chain partners as one
 community of users in support of business processes held in common.
 Headquartered in Kirkland, Wash., RevX.net can be reached at 425-889-9797 or
 via the Web at www.RevX.net.
 
     About Alexander Hutton Venture Partners
     Alexander Hutton Venture Partners, LP is a Seattle-based $95 million
 venture capital fund, inaugurated in December 1999. AHVP focuses on nurturing
 early-stage technology companies located in the Pacific Northwest. Alexander
 Hutton Venture Partners' portfolio of companies includes Appliant, NetUPDATE,
 nPassage, Myrio, Metrika, RevX.net and Wonderhorse. For more information,
 visit www.ahvp.com.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X00077621
 
 SOURCE  RevX.net Inc.