PureEdge Solutions Appoints Software Industry Veteran as New CEO

Victoria, BC – December 9, 2002 – PureEdge Solutions Inc., the leading provider of secure, XML-based e-forms solutions today announced the appointment of Mark Upson as President and Chief Executive Officer. Upson brings more than 20 years experience and success in global technology sales and management to PureEdge. He joins the company from Onyx Software, a publicly traded leader in the Customer Relationship Management (CRM) market, where he was Senior Vice President and General Manager, Americas. The co-founder and previous CEO Eric Jordan will continue to play a key role on PureEdge’s executive team in the role of Chief Strategy Officer.

At Onyx, Upson led the company’s sales growth up from $2M USD to over $119M USD in a five-year period, which included an IPO and aggressive international expansion of the company. Upson participated in the raising of over $95M USD in investment capital during his tenure at Onyx and led the restructuring of the North American and European operations to meet profitability goals. Upson’s experience also includes senior management positions at Wall Data, a publicly-traded infrastructure software firm that grew at more than 100% per year during his tenure to revenues over $100M USD, and 11 years’ of technical and senior sales management with IBM Corporation.

“We are pleased to have Mark join PureEdge as this is an endorsement of our company’s vision and strategy for our proven and unique, XML-based solution,” said Jordan. “His mandate is to build on the foundation we’ve developed, aggressively expand the company’s revenue growth, and accelerate our success in the government, financial services and regulated industries sectors.”

“PureEdge is entering a new phase of its growth and will scale operations to successfully leverage its XML technology leadership and maximize the emerging opportunities in the rapidly growing e-forms market. The significant recent commitment from our venture investors, combined with our world-class products, customers and employees, positions PureEdge very well for the future. I’m delighted to be joining the team,” said Upson.

About PureEdge Solutions
PureEdge Solutions is the leading provider of secure XML e-forms for governments and regulated industries. The PureEdge Internet Commerce System â„? enables businesses to create, capture, process and archive secure XML e-forms and integrate them seamlessly with infrastructure and legacy systems. By moving valuable business documents to the Web, PureEdge helps governments and business organizations including the Securities & Exchange Commission (SEC), JPMorgan Chase and the U.S. Department of Defense, to save money and reduce paperwork, ensure their applications are secure, and extend their e-business systems to employees, customers and partners.

For more information visit www.PureEdge.com or 1-888-517-2675. © 2002. PureEdge Solutions. PureEdge, the PureEdge logo and Internet Commerce System (ICS) are trademarks of PureEdge Solutions. All other names referenced are registered or unregistered trademarks of their respective trademark holders.




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