NEW CTO TO REVOLUTIONIZE eRFPs

IRVINE, CA - July 1, 2002- ProposalTech's Chief Technical Officer Eric Busboom has set his mark to create the most comprehensive eRFP solution available to the market.

In his 7 years at Qualcomm, incorporated, Eric developed a range of software applications from low-level networking protocols to user interfaces for analyzing wireless communication system test data. Later, using the design, programing and system engineering techniques he learned as a software engineer, he moved to helping software projects improve their performance by creating processes and training in requirements management, configuration management and systems engineering.

After leaving Qualcomm, Eric began the San Diego Software Studio, a software training program that teaches engineers systems engineering and software development skills through mentored training projects and more traditional lecture based classes.

Jeffrey Spencer, President & CEO of Proposal Tech said, "We are pleased to have Eric join the firm. His work in analyzing and managing software development projects and training engineers in requirements and system engineering has developed and honed the skills that we will use to take Proposal Tech's eRFP solution to the next level."

Eric holds a bachelor degree from Harvey Mudd College.

About Proposal Technologies Network, Inc.

ProposalTech, with headquarters in Irvine, CA, provides the first transaction-based, pure-Internet solution for RFPs. Its core product, ProposalLink, allows companies to create an Internet-based proposal system to automate all aspects of RFPs, from the RFP's creation, development, response, analysis, and final due diligence.

The system enables electronic RFP processing and analysis via a Web-based interface that manages information exchange, proposal creation, quote requests, and other questionnaire documents. ProposalLink makes it possible for any number of service or product suppliers to prepare proposal documents, review and respond to questionnaire specifications, ask questions of and get clarification from buyers, and ultimately propose on the requests.

For more information on ProposalTech, visit the company web site at http://www.proposaltech.com">www.proposaltech.com or contact us by telephone at (310) 826-1885. To receive a press kit send an email to presskit@proposaltech.com.