Newview Names Scott Armstrong Vice President Of Sales; Armstrong to Help Industrial Firms Achieve Significant Direct Material Cost Reduction

    NEW YORK & FORT WORTH, Texas--July 21, 2003--Newview Technologies, the leading provider of raw material specification and procurement solutions, announced today that Scott Armstrong has been named Vice President of Sales. Mr. Armstrong is responsible for directing Newview's sales initiatives and sales operations.
    "Our focus on core processes at the intersection of product development and procurement requires unique domain expertise", said Scott Prince, president and CEO of Newview. "Scott Armstrong and his team will help leading industrial sector companies identify and realize significant reductions in direct material costs with a more effective flow of information between product development, procurement and with suppliers. We are pleased that Scott Armstrong has joined the Newview team."
    Mr. Armstrong, who has over 15 years of software sales and sales management experience, brings a vast amount of manufacturing, procurement, and product development expertise to the Newview team. He recently served as VP of Sales at start-up InQuira helping secure critical key Fortune 100 customers along with third round funding. Mr. Armstrong also held management positions at Rightworks (now i2) and PTC (formerly Parametric Technology Corp.). Mr. Armstrong was instrumental in revenue growth from $40 million to over $1 billion in his 7-year tenure at PTC. Prior to PTC, Mr. Armstrong held sales positions at Wang Laboratories.
    Mr. Armstrong graduated with a bachelor's degree in business from Texas A&M University.
    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.