Newview Creates Automotive Advisory Board; Appoints John Waraniak as Chairman

    NEW YORK & DETROIT--June 10, 2003--Newview Technologies, the leading provider of raw material specification and procurement solutions, announced today the formation of an Automotive Advisory Board intended to further strengthen the company's ties to the automotive industry.
    The board will feature a balanced panel of industry experts representing automakers, suppliers, and accomplished veterans of the industry.
    "Newview is committed to developing solutions that help automotive manufacturers and suppliers reduce direct material costs and manage related processes more effectively," said Scott Prince, president and CEO of Newview. "We believe the unique and complex requirements of the automotive industry demand a dedicated focus. The Automotive Advisory Board will provide insight from key members of the automotive community to help us continue to design solutions that deliver value by connecting Product Development and Procurement."
    Newview also announced the appointment of John Waraniak as Chairman of the Automotive Advisory Board. "We value Mr. Waraniak's experience helping automotive OEMs and Tier 1 suppliers apply practical software technologies to deliver strategic value," said Prince.
    "Companies like Newview bring focused solutions and a fresh perspective to the automotive industry. These are practical solutions that can be implemented today to help companies apply Design-for-Supply principles to reduce the costs of raw materials and standard components. The creation of the Automotive Advisory Board is a strong signal that Newview is committed to continuing its existing success in the automotive industry, and I am delighted to serve as chairman," said Waraniak.
    John Waraniak was most recently executive director of E-Speed, New Product Strategy at Johnson Controls based in Plymouth, MI. He was responsible for developing and deploying enterprise-wide integration and collaborative product development business processes to accelerate the firm's next-generation business model, design chain, and global innovation-to-commercialization initiatives. He has served in a number of executive positions at General Motors Corporation, Hughes Aircraft, Northrop, and No Fear in his more than 20-year tenure in the industry.
    To learn more about how Newview addresses key industry process areas visit www.newview.com/solutions and read value driven case studies at www.newview.com/resources/case_studies.html.

    About Newview

    Newview Technologies Inc. develops raw material specification and procurement solutions that connect Product Development and Procurement. Companies that select Newview are able to create cost advantages by bringing visibility and control to raw materials and standard components. Built on Newview's flexible Network Business Process Architecture(TM), these solutions are easily configurable, work with existing business applications and can be deployed in 90 days.
    Founded in September 1998, Newview Technologies, Inc. is headquartered in New York, NY and delivers value for customers that include Ford Motor Company and BHP Steel. The company is supported by strategic investors led by Goldman, Sachs & Co; Kleiner Perkins Caufield & Byers; Bessemer Venture Partners and Greylock.
    Newview is a trademark of Newview Technologies Inc. All other trademarks are the property of their respective owners.