SplitTheDifference, Inc. Announces European Customer, Bid-Commerce

SplitTheDifference, Inc. Announces European Customer, Bid-Commerce Scandinavian ASP Pioneers the Use of Automated Negotiations Technology in Europe NEW HAVEN, CT - February 23, 2001 - SplitTheDifference, Inc. (SPD) today announces a commitment to supply negotiation technology to Bid-commerce of Sweden. The patent-pending SplitTheDifference(sm) solution will complement the existing Bid-commerce transaction platform. Bid-Commerce is currently operating on industry standard architecture. Deployment is scheduled for June 2001 and, consistent with SPD's negotiation protocol, terms have been kept confidential. "A few industry-backed exchanges drive the majority of eCommerce traffic," said SPD's President, R.S. Ophir "and those eMarketplaces comprise our best customers. Our economists designed the SplitTheDifference solution so that buyers and sellers are always happy, and our engineers built a black box that's easy to plug and play." Anticipating that European Exchanges will significantly improve upon the U.S. model, Bid-Commerce will be the first European exchange to offer next generation negotiation technology to its customers. According to Peter Stevrin, CEO of Bid-Commerce, "SPD's automated negotiation technology will complement our existing platform. Currently no one else offers multidimensional transactions with instantaneous results." ABOUT -SplitTheDifference, Inc. Providing a high-end solution for B2B exchanges, SplitTheDifference software converts traffic into revenues. Patent-pending technology allows eMarket-makers to close deals in thin markets-maximizing surplus for buyers and sellers. Complementing auctions, catalogs, and RFP/RFQ solutions, SplitTheDifference solutions are customized to meet the needs of eCommerce players. The team includes world- renowned experts in economics, negotiation, strategy, auctions and game theory. CONTACT: Michael C. Trefz Director of Business Development Split the Difference, Inc. 203.776.4455 trefz@splitthedifference.com http://www.splitthedifference.com ABOUT --Bid-commerce intends on providing Scandinavia as well as the rest of Europe with a full suite of transaction platforms. Bid-commerce is currently pioneering the B2B efforts in Scandinavia; they are the first company to offer auction technology through a proprietary marketplace as well as through an ASP model. CONTACT: Jesper Stevrin Managing Director Bid-commerce +46 8 66 44 755 jesper@jobado.com http://www.bidcommerce.com ## ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/07/20010307BIT00560/bit0002.DOC http://www.bit.se/bitonline/2001/03/07/20010307BIT00560/bit0002.pdf