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World Economic Forum Honors PowerQuest® for Growth and Innovation

CEO Eric J. Ruff Accepts Technology Pioneer Award at Annual Meeting in Switzerland

DAVOS, Switzerland - February 1, 2000 - The World Economic Forum named PowerQuest® Corp. a Technology Pioneer during its annual meeting in Davos, Switzerland today. The award places PowerQuest in an elite group of 100 companies worldwide given this award.

"We're honored to be selected from among the tens of thousands of innovative, entrepreneurial companies around the world," said Eric J. Ruff, CEO and founder of PowerQuest. "The pioneer spirit is alive and thriving at PowerQuest as we continue to create jaw-dropping technology at the dawn of the new millennium."

The World Economic Forum Technology Pioneers were selected based on two main criteria: rate of growth and innovative power. Rate of growth was determined by percentage of revenue growth over a three-year period. Innovative power was based on analysis from the World Economic Forum, the business advisory firm Deloitte Touche Tohmatsu and industry experts.

PowerQuest's revenue grew 329% from 1996-1998. The company produces innovative storage device management solutions, including PartitionMagic®, ServerMagic and Drive Image® Pro. Ruff accepted the award at the World Economic Forum's annual meeting in Switzerland.

Professor Klaus Schwab, president and founder of the World Economic Forum said, "These companies exemplify a new breed of corporate actors. At a time of enormous technological change, it is important to bring together companies that are shaping our future."

The World Economic Forum is an independent organization committed to improving the state of the world through global business, political and intellectual partnerships. The Forum was founded in 1971 as a not-for-profit foundation with no ties to any political, partisan or national interests.

About PowerQuest
PowerQuest Corporation is a global provider of automated deployment and recovery solutions for corporations and individual users. Based on the company's Virtual Volume Imaging (V2i) technology and Active State Management (ASM) architecture, PowerQuest products and services simplify the management of storage throughout the technology lifecycle. PowerQuest products are available directly from the company and throughout a network of partners in more than 34 countries.

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