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News of  August 15, 2001

Covisint Forms Holding Company, Names Corporate Officers

Senior Leadership Team Takes Shape

DETROIT - In a move to strengthen its ability to serve the global automotive industry and position itself for significant future opportunities, Covisint announced the formation of a holding company, Covisint, Inc. and the appointment of four corporate officers to its Senior Leadership Team.

• Dwaine Duckett, senior vice president, Global Human Resources
• Alice Miles, senior vice president, Global Customer Collaboration
• Peter Weiss, senior vice president, Global Alliances & Business Development
• Dan Jankowski, vice president, Global Communications

"We have a talented, seasoned team of professionals at Covisint who are making significant contributions to our continuing growth and development," said Kevin W. English, chairman, president and CEO.  "As members of Covisint's Senior Leadership Team, these officers will report directly to me and are responsible for serving our customers and investors on a global basis.

"The formation of a holding company is critical to our ability to establish a structure that will support our long-term growth," continued Mr. English.  "Covisint's core competencies have direct relevance to the heavy equipment, farm equipment, marine, trucking, motorcycle and similar industries worldwide.  We see ourselves capable of providing support to those industries in the coming years ...  after we have established ourselves as the recognized partnering leader for the global automotive industry."

Covisint, Inc. will function as the focal point for all corporate actions and holding company for Covisint, L.L.C., which will continue to serve as the operations entity for the initiative.

(Aug. 10, 2001)

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