May 8, 2002 -- CodeLab Technology Group announced the acquisition of Boston-based MOMENTIX, a provider of online applications that support the association and events industry. Under CodeLab, MOMENTIX will continue to offer a comprehensvie suite of applications that includes: registration manager, floor plan manager, event/conference manager, speaker manager, and association manager. These applications can be run in any combination to support associations online, market live events or to create virtual trade shows.

CodeLab Technology Group's President, Dave Ritchie, said " We plan to continue to offer these same applications, but in a much more flexible pricing and delivery model. We won't just be another ASP in this space".

CodeLab, an established provider of systems integration and application development services, will provide ongoing development and technical support for MOMENTIX. Ritchie went on to say " We will be able to combine our core competency of integrating an organization's disparate databases with the delivery of the right marketing and sales applications across the Web. Our technical expertise will drive the evolution of the MOMENTIX software and enable them to offer clients a broader range of services. Associations and event companies will benefit from our ability to deliver top quality applications quickly, flexibly, and customized to their own environment".

For further information, please contact:
John Francis
President
CodeLab Technology Group
781.213.6917
jfrancis@codelabtech.com

About CodeLab Technology Group
CodeLab Technology Group is an IT consulting firm that develops software applications that enhance the systems already in use at companies in the Financial Services, Manufacturing, and Health Care Industries. Through it's three primary lines of business, custom application development, technical assessment and documentation, and data migration, CodeLab helps companies like Thomson Financial, JEOL, USA, and Nortel Networks achieve an immediate and measurable return on investment through the use of technology.

About Momentix
Momentix is a software company that delivers and hosts a comprehensive suite of Internet marketing and management applications for the events industry. Momentix delivers applications for events to trade shows, associations, conferences, and corporate events. The Momentix team combines events industry experience with sophisticated technical capability and dedicated customer service to deliver solid, fully-integrated, easy-to-use online tools to market and manage event and association activities.