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2nd Acquisition of 2002 Reflects Consolidation Trend in Language Services Industry

NEW YORK, New York, July 30, 2002 — Translations.com, inc., a leader in software localization, website globalization, enterprise language solutions, and educational publishing translations, announced today that it has completed the acquisition of the localization services division of Convey Software (formerly eTranslate), headquartered in San Francisco, California. The transaction, a combination of cash and future considerations, joins two leaders in the localization services industry and significantly expands Translations.com's West Coast operations. The deal follows on Translations.com's acquisition of Language for Industry earlier this year.

"The quality of eTranslate's localization services team, who will continue to serve their clients going forward, is exceptional," said Phil Shawe, President and CEO of Translations.com. Eduardo D'Antonio, Convey's VP of Worldwide Operations, will continue to lead operations with his San Francisco-based localization team intact. Mr. D'Antonio previously held key positions with SimulTrans and Adaptec, and has over 10 years' experience in the localization industry. Current clients serviced by Mr. D'Antonio's team include leaders in the travel, financial services, manufacturing and information technology industries.

"This partnership is a natural fit," said Phil Shawe, President and CEO of Translations.com. "Our language services help our clients expand their operations on a global scale and now they will have the ability to make their worldwide online presence even more relevant for their users by delivering exactly the right localized content, instantaneously. That type of valuable seamless intelligence is the sign of a truly savvy global operation."

"Merging our localization services unit with Translations.com is the perfect strategic fit, which allows them to focus on their services core competency," said Janet Heppner, President and CEO of Convey Software. "Since Convey has partnered extensively with Translations.com in the past, we're confident our localization services clients will continue to receive the highest quality of service and dedication."

About Convey Software

Convey Software is the leading provider of globalization technology for the Fortune 1000. Convey's localization software solution enables organizations to increase global revenues, capture market share and streamline their business processes. Convey Software generates significant ROI for its clients by reducing the costs of localization, increasing speed to market and improving the quality of communications worldwide. Headquartered in San Francisco, Convey Software has offices worldwide. More information can be found at www.etranslate.com.

About Translations.com

Translations.com is known worldwide for the quality of its software and website localization, as well as its enterprise language solutions for clients in virtually every major industry. Translations.com's business services meet the strategic needs of organizations seeking to communicate and conduct business in international markets. The company has an established global presence on three continents and continues to pioneer new techniques and technologies for the rapid development of multilingual business solutions.

Translations.com is part of the TransPerfect global group of companies. For more information, please visit www.translations.com, or email the company at info@translations.com.