Predictive Systems and Peregrine Systems to Host Free Asset Management Webcast; 'IT Asset...

Business/Technology Editors

NEW YORK--(BUSINESS WIRE)--Feb. 20, 2002

With information security threats and economic pressures on the rise, IT asset management has become an increasingly important tool for ensuring business continuity, operational efficiency, and mitigating security

risks. To help companies understand the crucial need for asset management, Predictive Systems (NASDAQ: PRDS), a leading infrastructure and security consulting firm, and Peregrine Systems(R) (NASDAQ: PRGN), a leading global software company, will host a free, live Webcast on Wednesday, February 27, 2002, from 12:00 p.m. to 1:00 p.m. (ET).

Presented by Rocky Kostick, Vice President, of Predictive Systems' Integrated Customer Service practice, Steve Goldstein, General Manager of Asset Management of Peregrine Systems, and Don Lucas, Practice Director of Predictive Systems' Integrated Customer Service practice, the Webcast will answer questions such as:

-- Why is asset management mission-critical?

-- What are the best practices for asset management implementation?

-- What are the best-of-breed asset management technologies?

-- How are major companies benefiting from successful asset management?

The Webcast will conclude with a live Q&A session. Participants can register by visiting www.predictive.com/webcast or by calling 917-903-8438.

About Predictive Systems

Predictive Systems, Inc. (NASDAQ: PRDS) is a leading consulting firm focused on building, optimizing, and securing high-performance infrastructures to increase operational efficiency, mitigate risk, and empower the business initiatives of Fortune 1000 companies. The firm's BusinessFirst(TM) approach maps technology solutions to business goals, and delivers measurable results. Headquartered in New York City, Predictive Systems has regional offices throughout the United States. Internationally, it has offices in Germany, Japan, the Netherlands, and the UK. For additional information, please contact Predictive Systems at 800-770-4958 or visit www.predictive.com.

About Peregrine Systems

Founded in 1981, Peregrine provides solutions that enable companies to manage infrastructure, as well as extend next generation e-Business capabilities inside the enterprise and across the firewall. As a leading global software company, Peregrine helps organizations achieve a state of frictionless business and gain competitive advantage. Its solutions reduce costs, improve profitability and release capital, generating a lasting and measurable impact on the productivity of assets and people.

Peregrine delivers Infrastructure Management solutions that manage the entire lifecycle of an organization's assets, from IT equipment and fleets of vehicles to telecom and facility assets. Peregrine's Employee Self Service solutions facilitate proactive management and empower employees with anytime/anywhere access to these enterprise resources, services and knowledge, and improve productivity, asset utilization, and real-time business intelligence. Peregrine's Business Relationship Management solutions help companies establish a digital dialog for conducting e-Business by automating and integrating the flow of information and business processes among buyers, suppliers and e-Marketplaces.

BusinessWeek in 2001 named Peregrine as one of the 100 best performing IT companies. Headquartered in San Diego, Calif., Peregrine currently has some 3,900 employees located in more than 100 offices worldwide, and its customers include 92 percent of the Fortune 500 companies. For more information, visit Peregrine's Web site at www.peregrine.com.

Predictive Systems, the Predictive Systems logo, BusinessFirst, e-frastructure, e-readiness, and e-xplain are trademarks of Predictive Systems, Inc. All other brands or product names are trademarks or registered trademarks of their respective companies. Peregrine Systems is a registered trademark.

This press release contains statements of a forward-looking nature relating to future events or future financial results of Predictive Systems. Investors are cautioned that such statements are only predictions, and that actual events or results may differ materially. In evaluating such statements, investors should specifically consider various factors which could cause actual events or results to differ materially from those indicated from such forward-looking statements, including the matters set forth in Predictive Systems' reports and documents filed from time to time with the Securities and Exchange Commission.