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Mei Li
Senior VP
Corporate Communications
NetSuite Inc.
Phone: 650.627.1063
E-mail: meili@netsuite.com

NETLEDGER PARTNERS WITH NEW ENGLAND BUSINESS SERVICE TO BRING HIGH-VALUE, LOW-COST BUSINESS FORMS TO NETLEDGER CUSTOMERS

Users of NetLedger's Web-Based Accounting Solution Now Have Online Access to Impressive Portfolio of Business Forms and Related Products Designed to Meet Small-Business Needs

MENLO PARK, CA—January 10, 2000—NetLedger™ Inc. (www.netledger.com), the premier provider of Web-based applications for small businesses, announced today it has entered into an exclusive distribution agreement with New England Business Service Inc. that makes NEBS checks and compatible business forms available online to customers of NetLedger's outsourced accounting services. NEBS, a leading provider of checks, forms and personalized products for small businesses, has, in turn, endorsed NetLedger as its exclusive browser-based accounting solution.

"NEBS does an impressive job of printing and shipping high-quality checks and other business forms that are designed specifically for small businesses, the same market segment that comprises NetLedger's customer base," said Bill Mirbach, president and chief executive officer of NetLedger. "We are pleased to be able to offer our customers easy access to a portfolio of printed products that are both high quality and low cost. In addition, this exclusive agreement allows NetLedger to showcase its services to the 2.5 million businesses that have established long-term relationships with NEBS. This is an ideal partnership for both companies and will be a significant win for the small-business community."

Added Joel Hughes, senior vice president of channel marketing for New England Business Service: "NetLedger has harnessed the power of the Internet to bring a sophisticated, reliable and cost-effective accounting solution to small businesses. Their extensive research of the small-business market has confirmed that owners and managers have neither the time nor the inclination to hassle with bookkeeping and financial analysis on their own. NetLedger takes all of the worry out of these tasks and, because it is Internet-based, gives small businesses anytime, anywhere access to their records."

Designed for companies with less than 25 employees, NetLedger's accounting solution costs $4.95 per month per user, with unlimited transactions. The company is currently offering accountants a free second password for a limited time. NetLedger handles functions ranging from accounts receivable to sophisticated financial analysis, while providing data backups and automatic software upgrades. The service is encrypted to ensure security.

NEBS designs, produces and distributes business forms, checks and related printed products and work wear, and distributes packaging, warehouse supplies, retail merchandising supplies and other products through direct mail, telesales, direct sales, dealers and the Internet to 2.5 million small businesses throughout the United States, Canada, the United Kingdom and France. It is expanding its offerings to include a full suite of Internet based services via its Web site that range from the new NetLedger accounting solution to free Web hosting to expert advice for small business owners.

For more information about NetSuite please visit our Web site at www.netsuite.com.