KURANT AND SKIPJACK FINANCIAL SERVICES DELIVER E-BUSINESS SUITE FOR FINANCIAL INSTITUTIONS SERVING THE SMALL BUSINESS MARKET

Kurant Corporation and Skipjack Financial Services Inc., a leading provider of processing solutions in the physical and cyber worlds, today announced a business development, sales and marketing partnership.

KURANT AND SKIPJACK FINANCIAL SERVICES DELIVER E-BUSINESS SUITE FOR FINANCIAL INSTITUTIONS SERVING THE SMALL BUSINESS MARKET

Partnership Will Allow Associates of the Skipjack Transaction Network to Offer Full-Featured E-Business Services to their Merchant Customers

SAN FRANCISCO and CINCINNATI -- June 17, 2002 -- Kurant Corporation, the leading provider of e-business software for organizations that serve the small and medium-size business (SMB) market, and Skipjack Financial Services Inc., a leading provider of processing solutions in the physical and cyber worlds, today announced a business development, sales and marketing partnership.

The two companies will integrate StoreSense, Kurant's award-winning e-business platform, with Skipjack's secure, real-time credit card processing and management solution. The combined solution will allow associates of the Skipjack Transaction Network, which consists primarily of North American financial institutions, to offer a full suite of e-business services to their small and medium-size business customers. At the same time, the joint solution will enable associates of the Skipjack Business Network, primarily merchants in the United States and Canada, to build, manage and grow their online business.

"We are pleased to partner with Skipjack Financial Services," said Curtis Pierce, Kurant's co-founder and CEO. "All organizations that serve the small business market today are facing the same challenges -- how to keep their existing customer relationships strong and profitable, and how to acquire new ones. Together, Skipjack and Kurant can solve these problems, while delivering an unparalleled e-business solution at the merchant level."

Skipjack Financial Services was created to support financial institutions in meeting their clients' merchant processing and operational needs. Associates of Skipjack Financial Services range from large financial institutions and Fortune 1000 corporations to regional and local organizations. Through the Skipjack Business Network, merchants can gain access to tools that can enhance their online presence and transaction processing operations.

"The financial institutions we serve are seeking new ways to improve customer retention, increase margins, and get ahead of the competition," said Brad Hoeweler, President/CEO of Skipjack. "Kurant clearly understands this dynamic. By integrating our transaction processing solution with StoreSense, we're arming our customers with tremendous advantage as they go out and compete in the marketplace."

About Kurant

Kurant Corporation provides software infrastructure that allows Global 2000 corporations to deliver branded e-business services to their small and medium-sized business customers. StoreSense, Kurant's award-winning flagship product, includes electronic commerce, mobile commerce, supply chain communication, and inventory and customer management. StoreSense is offered on a cost-effective subscription basis and runs on Windows 2000, Windows NT, Linux and Solaris platforms. Founded in 1996, San Francisco-based Kurant is privately held and has received investments from Deep River Ventures, Cobalt Networks, Garage Technology Ventures, Group One, and TransAtlantic Partners. For more information, contact Kurant at www.kurant.com or (888) 463-2696.

About Skipjack

Skipjack Financial Services offers a complete, secure and affordable payment processing and management solution to companies of all sizes. Skipjack has partnered with a number of the top merchant account providers nationwide in delivering unique solutions to support distinct merchant needs. Skipjack's products and services are utilized by merchants ranging from small businesses to multi-national corporations in support of their mission-critical processing needs. Skipjack Financial Services is a private company headquartered in Cincinnati, Ohio and a member of the Hoeweler Group of companies. The Skipjack Financial Services Internet address is www.skipjack.com.

# # #

NOTE: Brands and products referenced herein are the trademarks or registered trademarks of their respective holders.

Media Contacts:

Stephanie Edwards

Kurant Corporation

415-241-9150 x110

stephanie@kurant.com

Jamieson Fuller

Skipjack Financial Services

513-588-2108

jfuller@skipjack.com