Wave Issue 0501 1/7/05 Article 5-01

***eBidboard Used by Over 250 Major Government Agencies Posting
Construction Projects; Company Adds Huge Los Angeles Unified
School District to Agency Roster

SAN DIEGO
Jan. 4, 2005

Construction Bidboard, Inc., announced a milestone by reaching a
dominant position in the public works marketplace. By radically
streamlining the bid solicitation process with direct links to
public agency bid information, a variety of powerful
communications tools and a database of historical bid
information, eBidboard has been adopted by the majority of major
public agencies in California.

The Los Angeles Unified School District (LAUSD) is the latest in
a notable roster of public agencies that have embraced eBidboard.
The addition of LAUSD adds to a tally of $14.4 billion in project
postings since the company's launch in August 2002.

The Los Angeles Unified School District is currently engaged in
the largest building program in their history. Over the next
eight years they will complete construction of 243 new
construction projects to accommodate explosive growth in their
student population. The road map, the 2004 New Facilities
Strategic Execution Plan, will accommodate over 150,000 students
on a 2-semester basis. New schools and site expansions will
require the acquisition of over 450 acres of land, 98 percent is
already acquired. The total estimated cost of the New
Construction program is approximately nine billion dollars.

To manage and track the bidding process of this massive new
construction undertaking, LAUSD has migrated to eBidboard to
improve the quality and efficiency of preparing and distributing
the massive volume of bid information, updates and project
changes.

LAUSD is now attracting better-informed bidders with the
eBidboard system. First, projects are advertised to a much wider
contractor base. Individual contractors can automatically receive
bid information specific to their work interest.

eBidboard solves a serious problem for the $200 billion public
construction sector. The industry, comprised of public agencies,
contractors, subcontractors, suppliers and service providers, has
historically relied on a paper-based inefficient bid solicitation
process that introduces substantial business risk for all
parties. Burdened by inaccurate information, and archaic
communication methods, projects are frequently compromised before
the work begins.

eBidboard is an intuitive cross-agency database that allows
public agencies to post project data to solicit bids. The
contracting community can then access real-time detailed project
information including plans, specifications and addenda; retrieve
historical bid information, including line item pricing and
subcontractor listings; communicate online with owners and
prospective bidders; and find and solicit disadvantaged
businesses. By incorporating eBidboard, agencies benefit from an
increased number of bids, lower bid costs, efficient outreach to
the disadvantaged business community, more effective project cost
forecasting tools, effective document dissemination, better
project update notification, and fewer project disputes. As a
result, eBidboard saves its clients substantial time and money,
facilitates better quality bids and proposals, minimizes business
risks, and increases competitive awareness.

www.ebidboard.com