New President at Softchain

Senior VP promoted with mission to build software company's market share

Burlingame, CA  March 6, 2002  Softchain, a provider of software to control the flow of materials across extended manufacturing supply chains, today announced the promotion of Joshua Clark to president.

Clark has served with Softchain since its inception, directing the development of supply chain management applications. He will report to the company's board of directors.

"Having brought to market a solution that has proven its value in reducing inventory costs and collapsing supplier lead times, Softchain now requires a president to lead the company in increasing Softchain's market share and building on its reputation," said Anatoly Tikhman, Softchain's founder and chairman of the board. "Josh brings to this role extensive supply chain and enterprise software experience."

"The opportunity to lead Softchain in expanding our solutions to provide even greater value to our existing and new customers is very exciting to me," said Clark. "I see enormous potential for our market and I'm looking forward to accelerating Softchain's growth."

Previously Clark was Softchain's senior vice president of strategy and planning. Prior to joining Softchain, Clark served in several e-business strategy roles at Flextronics, and he managed enterprise software initiatives at Mentor Graphics.

Clark holds a B.S. in MIS from San Jose State University and an M.B.A. from the University of California, Berkeley Haas School of Business.