PM Online Ltd. - News Release

BUILDNET AND PM ONLINE ANNOUNCE E-COMMERCE ALLIANCE

BuildNet to Bring Integrated Business-to-Business E-Commerce Capabilities to Canadian Company Via the Internet

RESEARCH TRIANGLE PARK, N.C. - Oct. 11, 2000 -BuildNet, Inc., a leading provider of management software and e-commerce services to homebuilders, dealers and suppliers in the residential construction industry, and PM Online, a leading provider of e-commerce management software to landlords and suppliers in the residential property management industry, today announced a partnership to integrate BuildNet's e-commerce platform with PM Online software.

Through this partnership, PM Online software users should be able to engage in e-commerce with any member of the BuildNet community, including builders, dealers, suppliers and manufacturers. By linking directly to the BuildNet e-commerce platform, PM Online creates an integrated link from the property manager's back-office software system directly into BuildNet's business-to-business infrastructure. This should allow for the dynamic integration of information from property managers to their suppliers, improving business practices, and should save time and money by creating efficiency and eliminating data entry errors.

BuildNet provides secure Internet-based procurement, e-commerce, and information services for homebuilders, dealers, suppliers, and manufacturers in the residential construction industry. Its Internet-based system should allow users to confirm pricing and product specifications, place purchase orders, and add both product and order information automatically to their trading partners' management systems.

"Our relationship with BuildNet will provide our customers with enhanced B2B connectivity," said Ward Sullivan, PM Online's Chief Executive Officer. "BuildNet's platform should enable the dynamic integration of information up and down the supply-chain from the back-office software of our property manager customers to the back-office systems of their trading partners."

"This alliance is one of many designed to create the optimal B2B solution for the industry," said Nathan Morton, BuildNet Chief Executive Officer. "We are finding existing communities and enabling them with the latest technology to create business efficiencies through interactive, real-time communication over the Internet."




	BUILDNET AND PM ONLINE ANNOUNCE E-COMMERCE ALLIANCE BuildNet to Bring Integrated Business-to-Business E-Commerce Capabilities to Canadian Company Via the Internet RESEARCH TRIANGLE PARK, N.C. - Oct. 11, 2000 -BuildNet, Inc., a leading provider of management software and e-commerce services to homebuilders, dealers and suppliers in the residential construction industry, and PM Online, a leading provider of e-commerce management software to landlords and suppliers in the residential property management industry, today announced a partnership to integrate BuildNet's e-commerce platform with PM Online software. Through this partnership, PM Online software users should be able to engage in e-commerce with any member of the BuildNet community, including builders, dealers, suppliers and manufacturers. By linking directly to the BuildNet e-commerce platform, PM Online creates an integrated link from the property manager's back-office software system directly into BuildNet's business-to-business infrastructure. This should allow for the dynamic integration of information from property managers to their suppliers, improving business practices, and should save time and money by creating efficiency and eliminating data entry errors. BuildNet provides secure Internet-based procurement, e-commerce, and information services for homebuilders, dealers, suppliers, and manufacturers in the residential construction industry. Its Internet-based system should allow users to confirm pricing and product specifications, place purchase orders, and add both product and order information automatically to their trading partners' management systems. "Our relationship with BuildNet will provide our customers with enhanced B2B connectivity," said Ward Sullivan, PM Online's Chief Executive Officer. "BuildNet's platform should enable the dynamic integration of information up and down the supply-chain from the back-office software of our property manager customers to the back-office systems of their trading partners." "This alliance is one of many designed to create the optimal B2B solution for the industry," said Nathan Morton, BuildNet Chief Executive Officer. "We are finding existing communities and enabling them with the latest technology to create business efficiencies through interactive, real-time communication over the Internet."
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