ReSourcePhoenix.com Announces Two New Clients;boats.com and Embarcadero Aircraft Securitization...

Business Editors

SAN RAFAEL, Calif.--(BUSINESS WIRE)--Sept. 6, 2000

ResourcePhoenix.com (RPC) (Nasdaq:RPCX), a leader in business process outsourcing and application hosting services today announced contract agreements with boats.com, the marine industry's internet marketplace,

In addition to hosting the financial applications, RPC will perform the accounting and IT services for boats.com and EAST. The contracted tier one applications, Oracle Financials, provide robust features and full reporting capabilities. Tier one applications have previously been limited to large corporations that could afford the infrastructure to build and maintain the operations. RPC's hosting services extends the advantages of these applications to emerging and mid-sized companies.

Corey West, President and COO of RPC, pointed out, "this solution provides an alternative to developing the in-house staff and business processes to run these critical functions. The boats.com management team is made up of boating and Internet business veterans. They sought a tier one accounting system and thus welcomed the RPC solution."

The operations of EAST require a special solution. RPC will perform outsourced accounting services plus serve as administrative agent for the Trust. In this capacity, RPC will monitor performance of the aircraft servicer, liaison with rating agencies and prepare annual budgets. Administrative agent duties also include bank account management and calculation services - to establish and maintain accounts, direct withdrawals and transfers, and provide reports and other information as needed. RPC's appointment to EAST follows its appointment to a similar role for another aircraft securitization, Aircraft Finance Trust, in 1999.

About ReSourcePhoenix.com

ReSourcePhoenix.com (RPC) is a leading provider of business process outsourcing and application hosting services. RPC pioneered the use of the Internet to integrate a top-tier Enterprise Resource Planning (ERP) infrastructure with the expertise of information technology, accounting, finance and transaction processing professionals. Providing outsourced services since 1993, RPC clients include Thomas Weisel Partners, garage.com, GE Capital Aviation Services, Plumtree Software and Creative Planet.

RPC operates a data and operations center at its San Rafael, CA headquarters; an operations center in Alameda, CA; and sales offices across the country.

ReSourcePhoenix.com is a public company traded on the Nasdaq National Market system under the symbol RPCX. Additional information is available at www.resourcephoenix.com or by calling 1-800-266-2344.

Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "believes" "plans," "anticipates" and "likely" also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure and intellectual property rights. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Additional information on factors that may affect the business and financial results of the company can be found in filings of the company with the Securities and Exchange Commission.