Press Release: March 21, 2000

WR Hambrecht + Co Initiates Coverage of Breakaway Solutions (BWAY) with Strong Buy and Target of $150

Firm positioned for leadership in e-business services

San Francisco, CA, March 21, 2000—WR Hambrecht + Co today initiated research coverage on Breakaway Solutions (BWAY) with a Strong Buy rating and target of $150. WR Hambrecht + Co’s eServices analyst Greg Gore cited Breakaway’s unique business model and worldwide growth of the Internet Services market as key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com.

"Breakaway Solutions has built a better mouse trap. In our opinion, investors are coming to realize the Company’s business model offers the best of all worlds. Breakaway provides the custom services offered by Internet consulting companies and the speed, cost advantages and scalability of ASPs," said Gore.

Gore projects Breakaway’s total revenues will reach $79.5 million in 2000 and $137.2 million in 2001, up from the 1999 total of $25.3 million.

Breakaway Solutions offers e-business solutions including integrated strategy consulting, systems integrations services, and application hosting, targeting "emerging enterprises," which are relatively underserved.