eWatch Sells Web Site Divisions, Changes Name

eWatch Inc., formerly eWorks! Inc., announced today that it sold its Web site development and hosting divisions in order to focus more closely on the company’s Internet monitoring products.

The company’s Web site and intranet development business was
acquired by Minneapolis-based KeyTech LLC, and its Web hosting business was sold to Midwest ISP MRNet.

Financial details were not disclosed.

“We are putting all the
wood behind one arrowhead to more quickly meet the needs of our customers,”
said Charles Lukaszewski, Chairman and Chief Executive Officer of eWatch, in a statement.

“This is an exciting and important decision for this company’s customers
and resellers,” said James Alexander, eWatch President. “With our team
focused on one goal, we will be delivering unprecedented innovations that will
save our customers’ time and money while helping them to better understand the
impact of the Internet on their profitability and reputation.”

eWatch, which works with more than 500 corporations worldwide, said its Internet monitoring products are used to safeguard stakeholder value, improve customer service, protect corporate reputation, monitor competition, identify trends, and pinpoint corporate activism online.

eWatch monitors Usenet groups, electronic mailing lists, commercial online service forums, major Web site-based stock message
boards, and customer-specified Web sites.

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