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Edited by Christopher Simmons, senior news editor

SHADOW VENTURES INTRODUCES BIZCYCLE, AN INNOVATIVE WEB-BASED TOOL FOR BUSINESS AND INFORMATION MANAGEMENT

New Web-Based Software Tool Makes Managing People, Projects And Information Easier And Faster

Birmingham, AL -- (PRnetwire.com) -- August 28, 2002 -- Shadow Ventures LLC announced today the successful introduction of "BizCycle", an Internet delivered software solution designed to help businesses manage people, time, and information.

BizCycle is already in use in a diverse group of businesses that include finance and software development companies. Larry Stein, Shadow Ventures' CEO, says, "With BizCycle's intuitive user interface, our customers are able to immediately incorporate this organizational tool into their daily routines. Unlike other process management software, BizCycle succeeds in being both flexible and easy-to-use."

Using a unique "Folder" interface design, BizCycle can be quickly set-up to assign and track work items and time usage, whether organized by company, client, product, or process. BizCycle can also be used to share files, knowledgebase articles and other information, even with remotely located employees, business partners and clients. By attaching files, file locations or URL's to BizCycle items, team members can share files and other information to collaborate on a wide variety of projects and tasks.

Paul Gartman is Vice President of Marketing at Castlebridge Technologies, a software development company with multiple locations and more than 12,000 clients. He had these comments, "We have locations nationwide and I spend three days a week on the road. BizCycle is ideal for collaborating with teams in each of these locations."

Gartman continued, "BizCycle has increased productivity, accountability, and has enabled me to give measurable feedback on project oriented assignments, even when I am on the road. We have tried other products, but have not found anything as easy to implement or use as BizCycle."

"Our clients only need Internet access and a Browser to use BizCycle", says Tim Gray, VP of Sales for Shadow Ventures. "BizCycle does not require users to load or maintain software. This results in a speedy installation, no additional workload for IT staffs, and low up-front costs."

David Caradine is CEO of Corporate Billing Inc., which aids in the billing and collecting activities of commercial accounts receivable. "BizCycle has allowed our staff to streamline many of the processes required in our business. We take less time to do more business. As a result, we have seen a fast return on our investment in BizCycle."

ABOUT SHADOW VENTURES LLC:

Shadow Ventures LLC is a privately held technology company whose mission is to help companies optimize their business processes. Other products and services include Professional and Developmental Services and SwingTech, a promotional service designed to drive traffic at trade shows and other sales events. Shadow Ventures is located in Birmingham, AL.

PRODUCT PRICING:

Initial product setup and training $2,000 per site

BizCycle software lease fee $199 per month (includes first five users)

Additional users may be added for $30 per month, each.

Ongoing training and support is included in the monthly software lease fee.

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URL: www.bizcycle.com