TestMart® Announces Plan to Leverage Technology to Provide Private Market Solutions

SAN BRUNO, Calif. - June 11, 2001
TestMart®, a Web-solutions technology company that builds and operates private marketplaces, announced that it is taking significant steps to reinforce its business model and strengthen the company's long-term opportunities. These steps are specifically designed to leverage the proprietary content and software technology it has developed in the creation of its leading e-commerce site, www.testmart.com. by providing technologies and Web solutions to organizations that have significant test equipment requirements.

TestMart also announced that it has discontinued its activities related to the brokering and rental of pre-owned equipment. The company continues to maintain and enhance its popular Web site and offer customers a full range of new test and measurement equipment from the largest set of major manufactures available anywhere on the Internet.

According to Peter Ostrow, President and CEO of TestMart, "We no longer expect the brokering of used and rental equipment to provide the type of returns to our independent Net market to gain sufficient liquidity fast enough in today's competitive environment. The majority of this business has been conducted off-line and as a result has been expensive to maintain. On the other hand, our recent site activity, in terms of measures such as electronic commerce transactions and the adoption of advanced tools for product selection have never been stronger. These results provide proof in the potential value of our technical solutions for other customers who are improving electronic aspects of their businesses. I am confident that this shift in direction will take greater advantage of the intellectual property we have built over the years and allow us to provide substantial value to manufacturers, key customers, and ultimately our shareholders."

About TestMart

TestMart provides Web-based marketplaces for organizations that buy test equipment and other precision instruments. TestMart's database driven solutions are designed to streamline a buying organization's entire procurement process. TestMart's Private Marketplace offerings leverage the proprietary content and software technology developed in the creation of www.testmart.com., the leading independent website for the test and measurement industry. Headquartered in San Bruno, California, TestMart is a privately funded company. For more information, please visit us at www.testmart.com.

EDITORIAL CONTACT:
Martin Wolf
650.794.3705
mwolf@testmart.com