Peter Ostrow Appointed President and CEO of New E-Commerce Market Maker

Internet and Media Specialist To Lead TestMart

SAN BRUNO, CA, March 11, 1999 -
TestMartTM, a California-based information and commerce marketplace for the test and measurement industry, announced today that it has named Peter M. Ostrow as its President and Chief Executive Officer.

Mr. Ostrow is a seasoned Internet executive with a strong background in management and the media industry. He is leaving his post as Senior VP at Narrowline, a San Francisco based Internet advertising transaction and research company where he was responsible for sales, marketing, customer service, research and business development. From 1988 to 1997, Mr. Ostrow held various positions at The New York Times, becoming the youngest Managing Director in the company's history for the New York Times Magazine, the nation's seventh largest as measured by advertising pages. He holds a BA in Chinese Language from Washington University and an MBA from New York University.

"TestMart was formed to develop community and commerce in a number of industrial technical equipment vertical markets," says Mr. Ostrow. "It is a place where engineers can find excellent third-party data on equipment, and conduct commerce. I will initially focus on launching our Web site, www.testmart.com, which is being designed to answer the urgent needs for community and efficient commerce in the test and measurement industry. TestMart will provide high quality, third party quantitative data previously unavailable elsewhere for the users of test equipment. When you combine access to this proprietary information with a neutral trading environment, the results are extremely powerful for an industry with over $15 billion in sales that has been facing significant resource and distribution challenges."

TestMart is the most comprehensive test equipment reference site and marketplace on the Internet. The site features massive databases of unbiased, proprietary and hard-to-find information and a safe, secure Buy Online area where users can locate, compare, and select from an extensive offering of new and refurbished instruments. Databases contain detailed specifications on over 10,000 test and measurement products, contact and historical information on more than 500 manufacturers and a Reference section with extensive information including calibration intervals, life cycles, Y2K and CE status.

TestMart is a private company formed in 1998 to create community and to develop e-commerce applications for industrial technical equipment industries. Headquarters is located at 851 Traeger Avenue, San Bruno, California 94066; Telephone: 650-624-0525, Fax: 650-624-0535. For more information on TestMart, address e-mail to jharrington@testmart.com. The TestMart Web site can be found at https://www.testmart.com/.

EDITORIAL CONTACT:
Martin Wolf
650.794.3705
mwolf@testmart.com