Former American Express CEO joins Board of E-Duction, Inc.
Jim D. Robinson III brings expertise to new alternative employee benefit company

09/27/00

Philadelphia, September 27, 2000 - E-Duction, Inc., the provider of a new alternative employee benefit payroll-deduction program, proudly announces the appointment of Jim D. Robinson III to its Board of Directors.

"We are extremely pleased to have Jim Robinson as one of our Directors," said Kirk Watkins, Chairman and CEO of E-Duction, Inc. "His American Express experience, his business acumen, and the respect he commands throughout the business community provide E-Duction, Inc. with a tremendous asset."

Mr. Robinson is a Founder and General Partner at RRE Ventures, which most recently led E-Duction, Inc.'s latest round of venture funding. He currently serves as a Director of several companies, including Bristol-Myers Squibb, the Coca-Cola Company, Cambridge Technology Partners and others. He is also a Director and Chairman of the Executive Committee of First Data Corporation and non-executive Chairman of Violy, Byorum & Partners Holdings.

Mr. Robinson served as Chairman and Chief Executive Officer of the American Express Company from 1977-1993, and held a series of executive positions with the company from 1970 to 1976. Prior to joining American Express, he was a General Partner at White, Weld & Co. from 1968 to 1970, with responsibilities for venture capital and corporate financial activities. He began his career at Morgan Guaranty in 1961, serving as an officer of various departments within the bank, including assistant to the Chairman during 1966-1967.

E-Duction is a one-of-a-kind financial and budgeting employee benefits program that allows employees to treat their paychecks like a no-interest credit card, receiving up to six months of no-interest purchasing power through their employers. E-Duction, Inc.'s patent-pending payroll deduction solution was created in 1997 to allow hospital employees to purchase uniforms and equipment through a series of deductions from future paychecks. E-Duction, Inc. (formerly MarketMembers.com), a developer of innovative payment solutions, was founded in 1999, in order to bring the unique employee benefit of payroll deduction to a wider audience of employers, employees, and merchants. More information on E-Duction, Inc. is available at www.E-Duction.com.

For further information on E-Duction, Inc., contact:
Tom McCormick
Fax: 215.542.7090
E-mail: tmccormick@E-Duction.com

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