Xtime forges partnership with Europe-based Mobite

SAN MATEO, Calif. ­ December 18, 2000 ­ Xtime, the technology leader for electronic appointments and reservations, today announced a partnership with Mobite, a leading provider of technology-based business and consulting services. Through this agreement, Scandinavia-based Mobite becomes the exclusive European provider of Xtime¹s online and voice recognition e-scheduling technology.”As the leading venture-backed provider of enterprise-class e-scheduling technology, we are very excited to bring the strategic advantages of electronic appointment and event scheduling to European businesses through our partnership with Mobite,” Gabriel Manjarrez, VP of business development of Xtime, said. “Mobite¹s successful marketing and sales strength will accelerate the expansion of Xtime¹s technology in Europe.”

Xtime’s applications enable e-commerce strategies for many companies by allowing them for the first time to sell their time-based inventory electronically, while also building personalized online relationships with their customers. The TIMEngine platform together with Xtime¹s Scheduler application provide consumers the convenience of making appointments in real time, 24/7 via the Internet or a voice-recognition phone system. Xtime¹s enterprise-class technology also offers new marketing tools including one-click appointment scheduling, email marketing, and customer reports and analysis. The operational efficiencies and the marketing tools offered by Xtime bring new opportunities for profits and costs savings to many businesses.

“Using Internet-savvy Scandinavia as a springboard, Mobite intends to bring the convenience of online scheduling to a cross-section of European companies,” said Tyge Trier, CEO of Mobite. “We will combine our expertise in wireless technology with the advantages of Xtime¹s platform to offer mobile online booking.”

Mobite is already in discussions with a large number of European enterprise customers interested in connecting more profitably with their customers through e-scheduling. As a strategic partner, Mobite provides a comprehensive range of services that include consulting, application design, infrastructure development and world-class hosting and support.

About Xtime

Founded in May 1999, Xtime is the leading enterprise-class platform for electronic appointments and reservations. Xtime pioneered electronic scheduling with the Time Inventory Management Engine (TIMEngine), a robust and flexible platform that allows businesses to conduct real-time transactions over the Internet, and over the telephone with voice recognition. Xtime’s scheduling engine enables enterprises and service business aggregators to deploy customized e-scheduling solutions, including customer relationship management, yield management and dynamic pricing, to their affiliated service merchants. Xtime¹s investors include Venrock Associates, Draper Fisher Jurvetson, and Rosewood Capital. Xtime is based in San Mateo, Calif., and can be reached at 650-653-4000, or www.xtime.com.

About Mobite

Mobite A/S offers online booking and scheduling applications for the service industry, focusing on the European Market. Mobite provides technology and services to service sector companies that leverage the reach and efficiency of the Internet to enhance their competitive market positions. As a strategic partner and full-service ASP, Mobite provides the complete range of services that help businesses ­including Europe 500 enterprises – rapidly build and efficiently manage solutions. Leveraging their research and design expertise, Mobite¹s services include consulting, application design, infrastructure development and world-class hosting and support. A privately held company founded in 1999, Mobite is headquartered in Copenhagen, Denmark. For more information please call +45 702 040 34 or visit www.mobite.com.

Contact:

Heidi K. Zuhl

Antenna Group
+ 1 415 977 1915
Heidi@antennapr.com

Tyge Trier
Mobite
+45 204 80600
trier@mobite.com