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NetLedger 1 System(TM) Available through Ingram Micro's Service Provider Exchange

The Largest Global Technology Provider Markets NetLedger's Web-Based, Integrated Small Business Management System Through Its VAR Channel

SAN MATEO, Calif., June 18 /PRNewswire/ -- NetLedger, Inc., the leader in Web-based solutions that streamline small businesses and help them succeed, today announced it has signed a distribution agreement with Ingram Micro Inc. (NYSE:IM) , the largest global wholesale provider of technology products and supply chain management services. As a result of today's announcement, NetLedger becomes the premium provider of financial business services for Ingram Micro's new Service Provider Exchange, a specialized program of xSP services, substantially increasing its customer reach in the United States through Ingram Micro's extensive VAR (Value Added Reseller) channel.

(Photo: http://www.newscom.com/cgi-bin/prnh/20010420/SFF012LOGO )

Under the terms of the agreement, Ingram Micro will target leading VARs for the distribution of NetLedger 1 System. NetLedger 1 System is a single, integrated application designed to run an entire business more efficiently. It includes NetLedger Accounting, NetLedger Payroll, NetLedger Online Bill Pay, NetLedger Web store/Web site, NetLedger CRM, NetLedger Employee Center, and Customer Support.

"Ingram Micro's entry into the ASP arena demonstrates confidence and belief in the ASP model," said Evan Goldberg, president and CEO of NetLedger, Inc. "This alliance takes NetLedger a huge step further in distributing its services through the massive VAR channel. Ingram Micro is really at the forefront of bridging the gap between application service providers and end users."

"NetLedger is a key vendor partner in our Service Provider Exchange, a specialized program developed to help our customers provide outsource services to small-to-midsize businesses," said Pam Bryson, vice president of business development, Ingram Micro U.S. "VAR customers participating in this program will benefit from the flexibility and cost efficiencies of NetLedger 1 System's capabilities such as online accounting and CRM, allowing them to deliver a comprehensive solution to the small business market."

About Ingram Micro Inc.

Ingram Micro Inc. is the largest global wholesale provider of technology products and supply chain management services. The company operates in 36 countries with sales of $30.7 billion for the fiscal year 2000. Ingram Micro's global regions provide the distribution of technology products and services, marketing development and supply chain management services to more than 175,000 technology solution providers and 1,700 manufacturers. The company is focused on maximizing shareowner value and achieving customer satisfaction through innovation in the information technology supply chain. Visit http://www.ingrammicro.com/corp.

About NetLedger

Founded in 1998, NetLedger, Inc. is the leader in Web-based solutions that streamline small businesses and help them succeed. NetLedger's integrated system includes NetLedger Accounting, NetLedger Payroll, NetLedger Online Bill Pay, NetLedger Web store/Web site, NetLedger CRM, NetLedger Employee Center and NetLedger Premium Customer Support. NetLedger also provides enhanced, integrated solutions to small businesses through its strategic partnerships including Yahoo! Inc., Automatic Data Processing Inc., OfficeMax, OneCore.com, Stamps.com, New England Business Service, Paytrust, and Innovative Merchant Solutions. For more information about NetLedger visit the Web site at http://www.netledger.com/ or call 1-800-NetLedger. NetLedger has recently won PC Magazine Editors' Choice Award, PC World Best Bet, PC World 2001 World Class Award, Ziff Davis Smart Business MVP 2001 Award, and ASPNews.com Top 20 ASPs Award.


NewsCom: http://www.newscom.com/cgi-bin/prnh/20010420/SFF012LOGO

AP Archive: http://photoarchive.ap.org/

PRN Photo Desk, 888-776-6555 or 212-782-2840

Source: NetLedger, Inc.

Contact: Mei Li of NetLedger, Inc., 650-627-1063, or
meili@netledger.com

Website: http://www.ingrammicro.com/corp

Website: http://www.netledger.com/

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