Intellectual Property for Digital Receipts

Press Release


John Simon, AfterBOT CEO, Elected to Board of Directors

Atlanta, GA - January 30, 2003 - AfterBOT, Inc., today announced the appointment of John S. Simon to its Board of Directors at its January 22nd, 2003 meeting. Simon is currently the CEO of AfterBOT; the appointment takes effect immediately.

AfterBOT, an Atlanta based company, is recognized as the market leader in using digital receipt technology to drive top and bottom line growth for the retail industry. Through their innovative ReceiptsPLUSTM technology, an atomic-level marketing database is created, enabling a host of Customer, Marketing and Business Services that enhance operational efficiencies, improve consumer and supplier relationships, and maximize margin and profit opportunities.

"We are very excited about John's appointment to the Board", commented Mark Johnson, Board Chairman. "He has a proven track record in the retail industry and has a clear vision of how technology and intelligent data mining and analysis can bring process and margin improvements to the retail industry. His business insights are a welcome addition to our current Board".

Simon has more than 22 years of experience in the retail industry, including 14 years with QRS Corporation, where he was a Founder in 1988 and helped develop, sell, implement, and operate the leading electronic commerce, supply chain solutions for the retail industry. Simon most recently served as QRS CEO from 1999 - 2001. Prior to the creation of QRS, Simon served in a variety of merchandising, store operations, and information services management positions with Carter Hawley Hale Stores, Inc., at the time a leading general merchandise retailer and subsequently acquired by Federated Department Stores, Inc.

Simon received his A.B. degree in Economics from Harvard College and his M.B.A. with Distinction from the Harvard University Graduate School of Business Administration.

About AfterBOT
AfterBOT's Retail InSIGHT ManagementTM combines technology and professional services to provide a comprehensive business management solution driving top and bottom line growth through a variety of customer, marketing and business services. For more information visit us at AfterBOT was founded in 2000 and is privately held. AfterBOT's investors include Chrysalis Ventures, River Cities Capital Funds, Prosperitas Investment Partners, and e-RM Ventures.

For additional information please contact:

Sonya Ruppel or Alex Armstrong
Marketing Communications
AfterBOT, Inc.
(770) 564-5554

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