WorldChain Names Robert Evans Chairman of the Board

Renowned e-Business Visionary and Former Chief Operating Officer of i2 Joins

Leader in Supply Chain Network Solutions



Apr 24, 2001, 01:00 ET from WorldChain, Inc.

    FREMONT, Calif., April 24 /PRNewswire Interactive News Release/ --
 WorldChain, Inc., the leader in next-generation supply chain execution network
 solutions, today announced the appointment of Robert Evans as Chairman of the
 Board of Directors. He was most recently Chief Operating Officer of i2
 Technologies, Inc. (Nasdaq:   ITWO) and served as President and COO of Aspect
 Development until its merger with i2 in March, 2000. Mr. Evans' understanding
 of the B2B marketplace and supply chain management is unparalleled and he will
 utilize this expertise to help drive the company's strategic initiatives and
 business growth.
     "WorldChain is revolutionizing the way business gets done by allowing
 companies to synchronize supply chain operations in multi-company
 environments," said Bob Evans. "The Company's network application software
 addresses the problem of achieving 'perfect execution' among supply chain
 partners. As both traditional manufacturers and the high technology companies
 driving the Internet economy continue to outsource operations, WorldChain is
 providing secure, quickly deployable, web-based solutions which translate into
 significant cost savings, increased operational efficiency and a 5X return on
 investment within one year."
     Mr. Evans is currently Managing Director of Valent Group, an early-stage
 venture firm founded by Accel Partners and Bessemer Venture Partners to fund
 emerging companies in the eBusiness Infrastructure and Application sector. In
 1999, he joined Aspect Development as President & COO where he led the
 company's aggressive move into the eMarkets space, spurring unprecedented
 sales growth and a 20-times increase in market valuation. Mr. Evans played an
 integral role in the acquisition of Aspect by i2 for $9.3 billion, the largest
 merger in the history of the software industry.
     Prior to Aspect, Mr. Evans was Managing Director, Industry Programs at
 Andersen Consulting's (now Accenture) Global Supply Chain Practice, where he
 was one of six partners responsible for the $1.6 billion worldwide business
 unit. His distinguished 25-year management career includes serving as Vice
 President of Customer Support/Parts & Service for Mazda Motor of America, Inc.
 and President of Caterpillar Logistics, a start-up he founded and grew into a
 $400 million business in just four years.
     "Bob Evans is a pre-eminent e-Business and supply chain strategist and
 business builder. His appointment as Chairman demonstrates that WorldChain is
 bringing together the best and the brightest in our field," said Dave Allen,
 WorldChain's CEO.
     "It is another important endorsement of WorldChain's software platform and
 business strategy. Bob's leadership skills, industry knowledge and marketing
 savvy will help further our business growth throughout our target markets,"
 added Reynaldo Gil, WorldChain's founder and Chief Technology Officer.
 
     About WorldChain
     WorldChain's solution provides automated transaction coordination,
 real-time data visibility, and exception handling at each process step to
 ensure perfect execution across supply chain networks. WorldChain's web-hosted
 solution begins payback in 90 days and returns at least five times the
 investment in year one. WorldChain's secure and scalable solution integrates
 with any technology resident within company and partner environments and does
 not require replacement of existing technology investments. WorldChain's
 venture funding has been provided by Thomas Weisel Capital Partners, Sequoia
 Capital, Advanced Technology Ventures, Bessemer Venture Partners, The Valent
 Group, Mentor Capital Group, and Ridgewood Capital. WorldChain's headquarters
 are located in Fremont, California. For more information, please visit
 WorldChain's web site at http://www.worldchain.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X03102411
 
 

SOURCE WorldChain, Inc.
    FREMONT, Calif., April 24 /PRNewswire Interactive News Release/ --
 WorldChain, Inc., the leader in next-generation supply chain execution network
 solutions, today announced the appointment of Robert Evans as Chairman of the
 Board of Directors. He was most recently Chief Operating Officer of i2
 Technologies, Inc. (Nasdaq:   ITWO) and served as President and COO of Aspect
 Development until its merger with i2 in March, 2000. Mr. Evans' understanding
 of the B2B marketplace and supply chain management is unparalleled and he will
 utilize this expertise to help drive the company's strategic initiatives and
 business growth.
     "WorldChain is revolutionizing the way business gets done by allowing
 companies to synchronize supply chain operations in multi-company
 environments," said Bob Evans. "The Company's network application software
 addresses the problem of achieving 'perfect execution' among supply chain
 partners. As both traditional manufacturers and the high technology companies
 driving the Internet economy continue to outsource operations, WorldChain is
 providing secure, quickly deployable, web-based solutions which translate into
 significant cost savings, increased operational efficiency and a 5X return on
 investment within one year."
     Mr. Evans is currently Managing Director of Valent Group, an early-stage
 venture firm founded by Accel Partners and Bessemer Venture Partners to fund
 emerging companies in the eBusiness Infrastructure and Application sector. In
 1999, he joined Aspect Development as President & COO where he led the
 company's aggressive move into the eMarkets space, spurring unprecedented
 sales growth and a 20-times increase in market valuation. Mr. Evans played an
 integral role in the acquisition of Aspect by i2 for $9.3 billion, the largest
 merger in the history of the software industry.
     Prior to Aspect, Mr. Evans was Managing Director, Industry Programs at
 Andersen Consulting's (now Accenture) Global Supply Chain Practice, where he
 was one of six partners responsible for the $1.6 billion worldwide business
 unit. His distinguished 25-year management career includes serving as Vice
 President of Customer Support/Parts & Service for Mazda Motor of America, Inc.
 and President of Caterpillar Logistics, a start-up he founded and grew into a
 $400 million business in just four years.
     "Bob Evans is a pre-eminent e-Business and supply chain strategist and
 business builder. His appointment as Chairman demonstrates that WorldChain is
 bringing together the best and the brightest in our field," said Dave Allen,
 WorldChain's CEO.
     "It is another important endorsement of WorldChain's software platform and
 business strategy. Bob's leadership skills, industry knowledge and marketing
 savvy will help further our business growth throughout our target markets,"
 added Reynaldo Gil, WorldChain's founder and Chief Technology Officer.
 
     About WorldChain
     WorldChain's solution provides automated transaction coordination,
 real-time data visibility, and exception handling at each process step to
 ensure perfect execution across supply chain networks. WorldChain's web-hosted
 solution begins payback in 90 days and returns at least five times the
 investment in year one. WorldChain's secure and scalable solution integrates
 with any technology resident within company and partner environments and does
 not require replacement of existing technology investments. WorldChain's
 venture funding has been provided by Thomas Weisel Capital Partners, Sequoia
 Capital, Advanced Technology Ventures, Bessemer Venture Partners, The Valent
 Group, Mentor Capital Group, and Ridgewood Capital. WorldChain's headquarters
 are located in Fremont, California. For more information, please visit
 WorldChain's web site at http://www.worldchain.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X03102411
 
 SOURCE  WorldChain, Inc.