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FOR IMMEDIATE RELEASE - October 10, 2002

eSellerate Releases 3rd Quarter Report

(LINCOLN, NE – USA) eSellerate, a leading software commerce provider, today announced another record quarter of growth. For the three month period ending September 30, 2002, eSellerate grew its customer base by more than 69%, and sales more than 16% from the second quarter of this year. This represents an increase of 337% in its customer base and 241% percent in sales over the same period in the prior year. Due to this continually strong sales growth and a continued expansion of its business development efforts, the Nebraska-based company is expecting even greater growth in the fourth quarter and has accelerated its development initiatives designed to redefine software commerce as it is currently known.

"We are pleased with our third quarter results given the current economy and the recent expansion of our business development efforts," explains Steve Kiene, CEO of MindVision Software, the parent company of eSellerate. "In particular the fact we have far outpaced our competition in both customer acquisitions and sales is very encouraging. The growth from our Integrated eSeller solution confirms that software companies have found a superior way to sell their software rather than simply relying upon traditional web store solutions. The scalability and reliability of our commerce platform showed itself once again as we were able to keep expenses flat in spite of our rapid growth. Once again, we have continued to maintain a benchmark standard of 100% uptime for our commerce system, a number which continues to lead the industry."

Leading into the third quarter eSellerate had made a strategic decision to align themselves with the Microsoft .NET platform and build all their future back-end systems with .NET. The results so far have been nothing short of outstanding. eSellerate finished their third quarter release six weeks ahead of schedule and the reliability of the .NET platform has proven to meet their high standards. As eSellerate moves into the coming months, they will greatly accelerate their development efforts as their experience with .NET continues to pay greater dividends with vastly reduced development schedules. eSellerate believes that .NET will be one of the core pieces to their success in the commerce marketplace.

About eSellerate
eSellerate is a leading software commerce provider focused on providing the tools and solutions for software publishers and other digital goods providers engaging in digital distribution and sales strategies. Founded from within MindVision Software, the leading provider of installer utilities like Installer VISE and FileStorm since 1987, they offer groundbreaking solutions to some of the largest software companies in the world, such as Microsoft, Apple and Adobe.

Patrick Lambrecht
eSellerate
patrick@esellerate.net
www.esellerate.net


eSellerate is a registered trademark of eSellerate, Inc. All other brand names mentioned are trademarks or registered trademarks of their respective holders and are hereby acknowledged.
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