OATSystems Names Marc Osofsky As Vice President Of Marketing & Product Management

Supply & Demand Chain Executive Magazine “Pro to Know” Joins OAT

WALTHAM, MASS. – JUNE 30, 2004 – OATSystems, Inc., the leading provider of software for the High-Resolution Supply ChainTM, today announced that Marc Osofsky has joined the company as Vice President of Marketing and Product Management. Osofsky joins the company from Frictionless Commerce, where he led a team that created the first enterprise software solution for strategic sourcing. For his work at Frictionless, Marc was recognized as a "Pro to Know" by Demand & Supply Chain Executive Magazine. Prior to Frictionless, Marc was a consultant at both McKinsey and Andersen.

"We are excited to have Marc on board with us," said Prasad Putta, founder of OAT. “With more than 25 customers, including 3 of the 8 suppliers currently live with Wal-Mart, OAT is the market leader in the fast-growing category of RFID software solutions. Marc’s proven ability to bring groundbreaking enterprise software solutions to market is a huge asset to our company and our customers.”

“OAT is in a leadership position in a fast-growing market with world-class management and investors,” said Osofsky. “I am honored by the opportunity OAT has given me and look forward to delivering dramatic results for our clients.”

About OAT

OATSystems, Inc. is the leading provider of software for the High-Resolution Supply Chain™. OAT powers the EPC networks of many of the world’s largest retail, defense, CPG and pharmaceutical companies. First released in 2001, OAT is the world’s most widely deployed EPC software solution. OAT has been involved in the creation of the EPC industry from day one and has assembled the industry’s most respected team of EPC experts. For more information, please visit the company’s website at www.oatsystems.com.