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Contact:

Kathy Palmer

Clarus Corporation

00 44 1189 653781

palmerk@claruscorp.com


Richard Janes

Grant Butler Coomber

0044 208 322 1922

richardj@gbc.co.uk


AvidXchange Adds Wireless Functionality to Commercial Real Estate
E-Marketplace

Reading UK - November 16, 2000 - AvidXchange, a Charlotte, NC-based
e-marketplace for commercial real estate operations, announced today
the addition of wireless capabilities to its e-procurement matching
services for property managers, service providers, and materials suppliers.

Answering the need for mobile access to competitive bidding events,
AvidXchange makes participation easier for service contractors, such
as janitorial vendors, HVAC contractors and landscape providers, who
spend significant time working in the field.

AvidXchange provides a full set of software tools that serves as a
single desktop from which commercial real estate operators can manage any
transaction involving goods or services. Property managers can purchase
supplies from online catalogues, automate the request-for-proposal (RFP)
and related competitive bidding processes on the web, and create online
bidding expositions for securing annual service/supply contracts. With
added wireless functionality, property operators can post RFP's from
the field and service contractors can answer bids via a cellular phone or
PDA. Based on Clarus Corporation's ClarusAuctions* software, the

AvidXchange e-marketplace provides secure wireless access for unlimited
availability and just-in time auction and competitive bid participation. Real-time
bidding and bid confirmation empowers mobile users to competitively capture new business opportunities with property operators.

"AvidXchange is providing wireless access to property operators and their service contractors to ensure that business opportunities are communicated and
responded to while out in the field," says Mike Praeger, CEO of AvidXchange. "Without access to computers, participation in online competitive bidding for service contracts has been impossible until now."

Pricing and Availability Wireless functionality is available now in the AvidXchange
e-marketplace and can be accessed through the Nextel, Sprint, and Verizon Wireless networks. There is no additional charge for current customers.

About AvidXchange

Headquartered in Charlotte, NC, AvidXchange is a complete desktop
purchasing solution for property operators contracting goods and
services. AvidXchange streamlines the competitive bidding process by matching
property managers with service providers and materials suppliers.
Property managers can post requests for proposals for such things as roofing,
heating/air conditioning service, and lawn maintenance, and contractors can compete online for the business by submitting bids. AvidXchange
also offers a full set of tools for purchasing supplies, settlement
services, financing services, private catalogues, and expense tracking. For more
information about AvidXchange.com, visit http://www.avidXchange.com

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