EVN i-DealFlow Forum

OpenDemand Systems, Inc. Earns Opportunity to Participate in EVN i-DealFlow Forum NE 2002

Newark, New Jersey- September 4, 2002
OpenDemand Systems, a provider of software products and services that help enterprises deploying business critical web applications identify performance bottlenecks long before revenue or employee productivity is negatively impacted, has been selected to participate in the EVN i-DealFlow Forum NE 2002, a minority venture capital forum to be held September 5, 2002 at the Columbia University in New York, NY. OpenDemand is one of 16 participants selected for an opportunity to present to venture capitalists and angel investors at this unique event.

To qualify, OpenDemand participated in a rigorous screening process, including an in-person interview session, and a thorough business plan review by leading venture capitalists and industry service providers from firms including, Goldman Sachs, TDF - Telecommunications Development Fund, AOL Time Warner Opportunity Fund, Warburg Pincus, Piper Rudnick LLP, and Edwards & Angell LLP, Opportunity Capital Partners LLC among others. Additionally, Donald Doane, CEO, OpenDemand was required to attend a full-day boot camp hosted by EVN on July 24, 2002.

"We are pleased to have been one of the 16 finalists selected to present at EVN i-DealFlow Forum NE 2002. Our participation in the EVN program has proved to be invaluable. The coaching sessions have been nothing short of incredible. They really forced us to critically analyze our value proposition and the way we are delivering it to both potential investors and customers," said Donald Doane, the company's CEO. "

At the boot camp, Mr. Doane worked with venture capitalists and knowledgeable professional services providers on developing an effective, well-structured presentation, communicating effectively with venture capitalists and making the best business case for equity funding. Mr. Doane was also paired with a coaching team to provide support throughout the process.

"The entrepreneurs selected to present at the EVN i-DealFlow Forum Northeast are among the leading minority-led companies in the region, " said James Moore, managing director of EVN. "The presenting companies have the experienced management teams and innovative business models that attract investors. Despite the current downturn in the market, I am confident these entrepreneurs have the knowledge, commitment and resiliency to achieve success."

EVN Founding Sponsors 2002 include: AOL Time Warner. EVN i-DealFlow Forum Northeast 2002 sponsors include: Edwards & Angell LLP, Goldman Sachs, Motorola Ventures, National Venture Capital Association, Capital Venue, Maximum Media and vFinance.

About OpenDemand Systems
OpenDemand is a software firm that provides performance testing products and services, which help enterprises deploying business critical web applications identify performance bottlenecks long before revenue or employee productivity is negatively impacted. With over $25 billion per year in revenue and productivity loss due to poor application performance, some of the world's leading corporations have selected OpenDemand to ensure the scalability and reliability of their business critical web applications.

OpenDemand Systems was founded in 2000 and is headquartered in Newark, New Jersey. Further information is available at www.opendemand.com or by phone at U.S. 973-735-0547x1.

About EVN
The Emerging Venture Network (EVN), www.evn.org, is a not-for-profit organization headquartered in Washington, D.C. whose mission is to stimulate the growth of high-impact companies led by minority entrepreneurs by providing access to education, training and venture resources. Founded by a blend of corporate, non-profit, government, academic, and entrepreneurial leaders, EVN is committed to educating investors and entrepreneurs so the potential of emerging firms can be fully realized. Through EVN programs, entrepreneurs gain access to investors and venture resources, and investors learn about the potential of minority firms.

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PRESS CONTACT: Claire Beauharnais, OpenDemand Systems - 508 Hamburg Turnpike, 105D - Wayne, NJ 07470 - Tel. 973.494.8064 - E-mail: claire@opendemand.com - Website: www.opendemand.com