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Contact:

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

NETLEDGER GOES INTERNATIONAL WITH NETLEDGER CANADA

The First ASP to Deliver the First International Version of Web-based Accounting for Small Businesses

San Mateo, CA.—June 19, 2000—NetLedger, Inc., the leading application service provider (ASP) that enables small businesses to run their companies totally online, today announced the release of NetLedger™ Canada, a full-featured, multi-user, online accounting and business management solution with features specifically designed for the Canadian accounting environment. These features include the capabilities to perform all transactions pertaining to Goods and Services Tax (GST) and Provincial Sales Tax (PST), two common taxes in Canada. Additionally, English has been localized for the Canadian market, for example, the word "check" is spelled "cheque". NetLedger Canada is priced at $4.95 (US dollars), per user, per month with unlimited transactions.

NetLedger Canada is a result of NetLedger's timely response to the high demand for online accounting solutions from the Canadian market. In addition to its ability to perform critical Canadian GST and PST transactions, NetLedger Canada handles a wide array of functions ranging from accounts receivable to sophisticated financial analyses, while providing automatic software upgrades, data backup, and security. NetLedger Canada delivers the reliability and scalability of Oracle 8i, the Internet standard for databases. A complete list of the NetLedger features can be found at www.netledger.com.

"NetLedger Canada is the first of many international versions of NetLedger. It's specifically designed to provide real time solutions to those managing Canada-based small businesses," said Bill Mirbach, president and chief executive officer of NetLedger, Inc. "The Internet connectivity and functionality it offers to managers, employees, vendors and customers will have a revolutionary impact on how small businesses are run in Canada."

"The advantage of NetLedger Canada over "shrink-wrap" accounting software is that it leverages the power of the Internet to provide greater convenience," said Evan Goldberg, founder and chief technology officer of NetLedger, Inc. "The early launch of NetLedger Canada testifies to the short development cycles we've built into our product development process. Customers in Canada today and around the world will soon benefit from NetLedger's innovations. In addition, NetLedger Canada, like our US edition is easy to access and compatible with all major browsers."

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

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