CLAREON APPOINTS RICHARD M. BORTS AS VICE PRESIDENT OF FINANCE

Seasoned Executive Brings Wealth of Experience in Financial Strategy and Path to Profitability

PORTLAND, Maine-April 15, 2002-Clareon Corporation, provider of PayMode, the only bank-neutral, electronic payment solution enabling secure, information-rich, business-to-business transactions, today announced the appointment of Richard M. Borts to vice president of Finance. Borts will oversee all of Clareons financial operations, bringing his vast experience in financial strategy to Clareons management team.

Borts has more than 20 years of experience in corporate finance, treasury, credit analysis and operations in the financial services and transaction processing industries. Prior to joining Clareon, Borts was vice president of Finance and Administration and chief operating officer of Roadsmith, Inc., a business-to-business electronic marketplace. Prior to joining Roadsmith, Borts was vice president and treasurer of Wright Express, where he oversaw the companys external bank financing relationships, hedging, investments, cash management, funds acquisition and credit policy. Borts experiences also include significant credit, risk management, treasury management and financial institutions management positions with Citicorp and Price Waterhouse. Borts holds an M.B.A. with honors in Finance from Washington University, a Masters degree with honors from the University of Pennsylvania and a Bachelor of Arts degree from George Washington University.

Richards extensive experience in financial operations will be a tremendous asset to Clareon," said Paul Walsh, chairman and CEO of Clareon. As we focus on selling a product that delivers bottom-line benefits to our customers, Richard will help to keep us focused on a financial strategy that brings us to profitability."

About Clareon Corporation
Clareons market-leading PayMode enables businesses to send and receive electronic payments, along with rich remittance information, to and from suppliers and customers, providing enhanced business performance. PayMode works seamlessly with any bank and integrates quickly and easily with any ERP system or accounting software. Clareon also ensures that its customers realize value quickly by signing up their suppliers, vendors, service providers and customers on their behalf with its proven Accelerated Enrollment Program. PayMode lowers payment costs, creates a more efficient business process, strengthens relationships with suppliers and customers, and enables more effective management of working capital. Clareons growing list of PayMode users now includes more than 65 Fortune 500 enterprises. Clareon is headquartered in Portland, Maine. For more information on Clareon, visit www.clareon.com.

David A. Goldberg
Clareon Corp.
207-771-3712
david.goldberg@clareon.com

Carissa B. Caramanis/Lisa Olshanski
Schwartz Communications
781-684-0770
clareon@schwartz-pr.com