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Mei Li
Phone: 650.627.1063
NetSuite, Inc.

NetLedger Expands With 15% Work Force Growth and 3 New Regional Sales Offices

SAN MATEO, Calif., May 10, 2002 - NetLedger, the company that powers the Oracle® Small Business Suite, today announced it is expanding its work force by 15 percent and opening three new regional sales offices to accommodate growing demand for its offerings. The Oracle Small Business Suite has seen triple-digit growth in adoption and users over the last year.

As part of the expansion, three new regional sales offices have been opened in Phoenix, Arizona; Portland, Oregon; and Seattle, Washington -- locations where small to mid-size businesses represent a large percentage of the regional economy. Additionally, positions have been created in all areas of the company's San Mateo, CA headquarters to meet the demand for the company's small business management software.

"Small and mid-size businesses everywhere are finding out that they can run their businesses more effectively with the Oracle Small Business Suite," said Evan Goldberg, CEO of NetLedger. "We are growing our team to meet the increasing demand and continue to provide an industry-leading service."

About the Oracle Small Business Suite
The Oracle Small Business Suite is one completely integrated application to help small businesses manage all their business processes more efficiently and effectively, including accounting and finance, sales and service, Web presence, and employee management. Companies can save time and money and get unprecedented insight into their operations by utilizing one centralized and up-to-date database, ending the headache of using multiple incompatible applications. With anytime, anywhere Web access, the award-winning solution is the first and only multi-user, multi-location complete small business management solution.

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Oracle is a registered trademark of Oracle Corporation and/or its affiliates.


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