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

NETLEDGER NAMED TO SMART BUSINESS' A-LIST OF BEST PRODUCTS AND SERVICES THREE TIMES IN YEAR 2000

 

San Mateo, CA—May 31, 2000—NetLedger, Inc., the breakthrough application service provider (ASP) that allows millions to run their small businesses totally online, announced today that it has made Smart Business' (formerly PC/Computing) A-List as the best accounting solution in the Outsourcing Category of Best Products and Services for Every Business (June 2000). This is the third time in the year 2000 that NetLedger™ has received a thumbs up in Smart Business' A-List.

"Smart Business is a highly credible source of information for businesses looking for products and services that bring value, convenience and ease of use to their operations, while allowing them to concentrate on their core business functions," said Bill Mirbach, president and chief executive officer of NetLedger. "We are indeed honored to make the A-List three times in year 2000, and we intend to break our own record as the year progresses. NetLedger will strive to continue to bring the same quality and responsiveness to our customers that resulted in this recognition, while looking for ways to enhance and expand our core accounting solution to allow small businesses to run their business totally online."

NetLedger is the first ASP to provide online accounting for small businesses. Last month, the company released NetLedger™ 3.0, which not only adds enhanced features to the accounting platform, but also debuted other online business management applications. Additionally, NetLedger launched SMBXML™, the first XML standard for the small business ASP, which enables seamless integration of small business applications. NetLedger has also established several marketing distribution agreements with companies meeting a variety of key small-business needs.

The Smart Business A-List can be found in Smart Business magazine, June 2000 issue, and on the Internet at http://www.zdnet.com/pccomp/stories/all/0,6605,2562852,00.html. In addition to making the A-List, NetLedger also won the prestigious Smart Business 1999 Most Valuable Product Award (MVP) as the best Outsourcing Accounting solution. Smart Business is a nationally distributed, award-winning Ziff-Davis (NYSE: ZD) business technology magazine.

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

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