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CONTACT:
Jean Barnes
Covast Corporation
(404)812.7157
jbarnes@covast.com

Stuart Smith
Red Nine PR
404.261.0707
ssmith@redninePR.com

Covast Revenues Surge in Second Quarter 2003
EDI Solution Provider for Microsoft BizTalk Server Benefits From Significant New Customer Wins

ATLANTA, GA – August 19, 2003 – Covast, provider of the recommended electronic data interchange (EDI) solution for Microsoft BizTalk Server, announced today that it increased revenues over Q1 of this year by 76% and beat revenue commitments for its second quarter of 2003 by 22%.

Covast also highlighted the fact that it brought on over twenty new customer accounts worldwide, including:

-- Siemens    -- Citrix Systems, Inc.
-- JetBlue Airways   -- ABB
-- CNF Service Company, Inc.   -- Vendex KBB
-- Ocean Spray   -- Hillebrand

-- Gasunie

 

“We are pleased that the results for the second quarter were so positive – both in terms of what was planned and in terms of the vast improvement made over Q1,” said Daan Scheer, founder and CEO, Covast. “Key to this was extensive new customer addition both for Covast and for Microsoft BizTalk Server, which is a testament to the success of our products gaining more market share. We expect our growth to continue as we further leverage our close relationship with Microsoft.”

Covast’s flagship EDI Accelerator enables complex electronic data interchange (EDI) support within BizTalk Server. As a premier member of the BizTalk Server Partner Program, Covast supports Microsoft BizTalk Server 2004, the foundation for Microsoft’s “Jupiter” vision.

About Covast

Covast provides the recommended EDI solution for the BizTalk Server environment. The combination of Microsoft BizTalk Server and the Covast EDI Accelerator delivers the ultimate B2B solution - enabling companies to easily integrate their EDI infrastructures with internal applications and providing a gateway for connecting trading communities. With its European headquarters in the Netherlands and its U.S. headquarters in Atlanta, Covast has strategic relationships with partners and customers including Microsoft, HP, Akzo Nobel, Grampian Foods, SMI Steel and Oldcastle. For more information, visit www.covast.com.

NOTE: The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

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