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Press Release

Verinform Leases Expanded Facilities

February 18, 2003 - Portland, Oregon

Verinform Systems, Inc. today announced that it has signed a lease for approximately 8,000 square feet of new office facilities in the historic Dekum Building, located at 519 SW Third Avenue, Portland OR 97204.

Verinform’s Executive Vice President, Edward M. Kolasinski, said “this new facility will enable us to provide better service to our expanding customer base. Our company accomplished a great deal despite cramped quarters, and it’s now time to provide room for our growing operational needs, particularly as our development, customer support and implementation teams expand.”

Kolasinski went on to say, “moving to downtown Portland in the central business core is a big plus for our business, because it makes accessible a vast array of choices across the services we will need. Being in the center of the downtown community provides a sense of pace and diversity which matches our corporate values, and just isn’t available in a suburban office/flex park. Tough times in the current real estate market also work in our favor, generating flexibility and attractive pricing in structuring a deal that meets the needs of an early-stage company.”

Associate Vice President Brad Christiansen of real estate brokerage Colliers International said “we’re delighted to have put together a creative package with Verinform. We represent a broad selection of high-quality facilities that are available on attractive terms to companies with the right forward-looking perspective. At a time when vacancy rates downtown are higher than we would prefer, and when conditions are also challenging for prospective tenants, it’s very satisfying to help create a win-win situation like this one.”

Other terms of the lease agreement were not released.

About Verinform
Verinform Systems, Inc. provides enterprise-grade software solutions for academic hospitals, clinical environments and public health laboratories. Software applications are developed on the Verinform Protocol Manager (VPM™) platform, a set of browser-based database and workflow tools that allows for the rapid deployment of highly customized, extremely secure and regulation-compliant solutions. For more information on Verinform, please visit them on the web at www.verinform.com or call 503-231-8912.

Verinform News
Verinform provides briefings to analysts and accredited members of the press upon request. For more information, call 503.231.8912 or write pr@verinform.com.

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