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

Netledger 1 System™ Wins 2001 World Class Award

San Mateo, CA - June 6, 2001 - NetLedger, Inc., the leader in Web-based solutions that streamline small businesses and help them succeed, today announced that NetLedger 1 System was honored by PC World with a 2001 World Class Award for the Best Application Service Provider category. The World Class Award winners will be announced in the July 2001 issue of PC World (online now and on newsstands June 12) and will be presented with trophies at an award ceremony to be held during PC Expo in New York.

"We are honored to receive such a prestigious award from PC World," said Evan Goldberg, president and CEO of NetLedger, Inc. "Our goal is to continue to develop the ultimate product for small businesses."

Celebrating its 19th year, the respected World Class Awards honor the best in computers, hardware, software, and the Internet. To select the best of the best, PC World's editors, testers, and contributors examined the entire spectrum of products that have appeared in the magazine over the past year. Hundreds of products in 58 categories were judged on performance, value, consistency, and innovation.

"The ultimate buyers' guide, the World Class Awards, set the standard for excellence in the high-tech industry," stated Kevin McKean, editorial director of PC World. "From printers to personal finance software, corporate PCs to search engines, the editors reward the finest products and most outstanding performers in this annual award program. Congratulations to NetLedger."

NetLedger 1 System gives small businesses the ability to manage all aspects of their company including accounting, payroll, bill pay, Web site & Web store, customer & supplier relationships, order processing, inventory, time & billing, expense reporting, and more. Built from the ground up as one integrated application, NetLedger 1 System allows information to flow instantly and automatically between all areas of the product. Using NetLedger 1 System, small businesses can save time and money; access up-to-the-minute information to make better business decisions; and strengthen and extend business relationships using the Internet.

Users can run NetLedger 1 System on all major browsers and operating systems, with anytime, anywhere access.

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

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