William Blair & Company Initiates Coverage of Navidec, Inc. with Buy Rating.

CHICAGO, June 9 /PRNewswire/ --

The following is being issued by William Blair & Company L.L.C., a member of the National Association of Securities Dealers, CRD# 1252:

William Blair & Company, L.L.C. today announced that it initiated coverage of Navidec, Inc. (NVDC $10 3/4) with a Buy rating.

E-business software analyst Edwin L. McClendon estimated that Navidec, which provides state-of-the-art Internet consulting services that assist organizations in developing a dynamic Internet presence, would achieve in excess of $40 million in revenue in 2000, more than double the $19 million it posted in 1999. McClendon added that he believes the company in 2001 can exceed $100 million in revenue and attain sustainable profitability.

"There currently is no dominant provider of e-business information technology services, and the market remains fragmented geographically and by vertical industry," McClendon said. "We believe that Navidec is among a limited number of regional players with the right skills and value proposition to emerge as a nationally recognized provider."

"The company is establishing a national footprint and experiencing strong momentum in its core business," he added.

Additional information is available upon request.

William Blair & Company, L.L.C. maintains a market in the common shares of Navidec, Inc.

William Blair & Company, L.L.C. is an employee-owned financial services firm offering investment banking, equity research, institutional and private brokerage, asset management and private capital to individual, institutional and issuing clients. Since its founding in 1935, the Chicago-based firm has been dedicated to providing quality products and services that achieve outstanding long-term results for its clients.

This is not in any sense a solicitation or offer of the purchase or sale of securities. The factual statements herein have been taken from sources we believe to be reliable, but such statements are made without any representation as to accuracy or completeness or otherwise. Opinions expressed are our own unless otherwise stated. The opinions expressed reflect our judgment at this time and are subject to change without notice and may or may not be updated. From time to time, William Blair & Company, L.L.C. or its affiliates may buy and sell the securities referred to herein, may make a market therein and may have a long or short position therein. Prices shown are approximate. This material has been approved for distribution in the United Kingdom by William Blair International, Limited, regulated by the securities and futures authority, Ltd. This material may not be passed on to private investors in the United Kingdom. "William Blair & Company" and "William Blair & Company (script)" are registered trademarks of William Blair & Company.