Centage Corporation Announces BCN Management Solutions SA as New Latin American Business Partner

FRAMINGHAM, Mass., - December 3, 2002 - Centage Corporation, a leading provider of budget management software, today announced that they have signed BCN Management Solutions, S.A. as the exclusive reseller of Budget Maestro products in Chile. Based in Santiago, Chile, BCN's expertise in working with the Latin American marketplace and their local presence will enable them to meet the needs of companies seeking budget management software in Latin America.

"We are thrilled to sign BCN Management Solutions S.A. as the exclusive reseller of Centage budget management software in Chile" says Kamran Sassoon, Centage CEO. "They bring to this relationship several key success factors - their depth of the local market, expertise in financial and technology solutions, and world class customer support."

BCN Management Solutions' decision to distribute Budget Maestro software was based largely on the product's ease of use and cost-effectiveness for the small to mid-sized and large organizations.

"We believe that Budget Maestro's ease of use and integration of human resources in the budgeting effort provides a complete solution for budgeting managers. This is a valuable differentiator of Budget Maestro" says Matias Bunster, president of BCN Management Solutions S.A.

About BCN Management Solutions S.A.
BCN Management Solutions S.A. provides consulting services in Chile focused on Financial Management. BCN has relationships with various business technology providers and expertise on financial management underscores its strong understanding about the information realities within Chilean companies. BCN is located in Santiago de Chile and is privately owned. For more information contact BCN Management Solutions at +56 (2) 465-9747.

For information contact:
Fernando Calcagno
Business Development Director
Avda. Del Parque 4928-Of. 124
Ciudad Empresarial-Huechuraba
Santiago-Chile
fcalcagno@easyplan.cl
www.easyplan.cl

About Centage
Centage Corporation provides turnkey budget management software that enable organizations of all sizes sophisticated but easy-to use budget management software, forecasting and reporting capabilities. Centage Corporation is headquartered in Framingham, MA and is privately owned. For more information visit www.centage.com or contact Centage Corporation at 866.423.6824.

Media Contact:
Holly Intravia
713.344.2440 ext. 2442
mediainquiries@centage.com