Covisint announces expansion into Latin America

e-business company selected as service provider to deliver Covisint procurement technology and services to automakers, suppliers

Rio de Janeiro, Brazil - March 24, 2003 -- Covisint, the global independent e-business service provider for the automotive industry, today announced the selection of Webb Negócios Online as its e-commerce service provider in Latin America. Financial terms of the agreement were not disclosed.

"As we continue toexpand our global presence, Latin America has become an increasingly important market for Covisint," said Bob Paul, senior vice president, Sales and Marketing for Covisint. "Based on its experience in providing high-quality e-Business services in Latin America, we have selected Webb Negócios to meet our customers' ever-expanding needs."

Webb Negócios Online will act as the e-commerce service provider in Latin America for Covisint, the world's largest provider of B2B solutions for the automotive industry. As the service provider, Webb will work with Covisint to jointly bring to Latin America the same technologies and services that already provide value to many of the world's largest automotive companies by enabling them to save money and time.

Covisint has been providing auction services on a limited basis in Latin America to General Motors, Ford, DaimlerChrysler, Nissan and Renault. According to Paul, the company's decision to expand is based on our growing customer demand and new market opportunities. "Building upon the early success Covisint has realized in Latin America, our two companies will work to expand Covisint membership, customize the delivery of its services, and provide increased value to our customers in the region" said Paul. "Companies that are engaged in supplying to the global automotive business will now truly be connected to the rest of the industry."

Webb is the service provider for a number of other e-commerce companies, including Transora (CPG) and the Rubbernetwork (Rubber). "The company will leverage the success that they have experienced in these other industries to meet the unique needs of the Latin American automotive industry" said Luis Henrique Guimaraes, of Webb Negócios Online. Under the agreement, Webb will provide local sales, professional services delivery and first-tier customer service.

About Webb Negócios Online
Created in 1999 by the Macal Group, Webb Negócios Online specializes in eBusiness services and solutions in Latin America with offices in Mexico City (Mexico) and Sao Paulo and Rio de Janiero (Brazil). Since its founding, its clients have transacted more than R$ 1 billion in business. Beginning in 2001, the company extended its operations to Mexico and Chile through partnerships established with Transora and Rubbernetwork global portals. Webb also has carried out auctions for large corporations such as Grupo Bimbo and Unilever in these countries.

About Covisint
Covisint is the technology company whose business-to-business services connect and enable the global automotive industry to reduce costs, increase efficiency, enhance quality and improve time to market. Covisint was founded by DaimlerChrysler, Ford, General Motors, Renault Nissan, Commerce One and Oracle. Since its inception, PSA Peugeot Citroen also has joined the initiative. Covisint has headquarters in Southfield, Mich. and offices in Amsterdam, Tokyo, Frankfurt, Paris, Brazil and Mexico. For more information about Covisint, visit www.covisint.com.

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