Build It Global Announces Project Finance Matrix
Build It Global (BIG) Opens the Door to Premier Project Financing Solution

October 22, 2001 - Build It Global Inc. (BIG) announced today that utilizing the management consulting services of Cap Gemini Ernst & Young Italia (CGE&Y) in Milan, it has designed the world's first virtual e-business matrix focused on revolutionizing Project Finance and Program Management for the Construction, Engineering and Real Estate Industries. Through a unique combination of industry-leading processes, comprehensive project financing and deal structuring capabilities, expert consulting resource team, and collaborative web-based software, BIG intends to drive new construction financing deals from inception through debt servicing and refinancing.

It is the primary focus of BIG to deliver an end-to-end risk reduction portfolio for project owners, lending institutions, and other investors. By standardizing the project funding process and applying risk mitigation techniques via industry-proven simulation models, Build It Global will provide speed-to-value savings in the areas of project initiation, financial analysis, appraisal rating and approval, and syndication of project-based debt. BIG will also provide services that address the every day issues of project collaboration, document management and controls, and will host a dynamic virtual workspace where teams of project participants can meet in a single environment to resolve security, legal, tax, financial consulting, and assurance issues.

The company has selected the construction, engineering and real estate financing marketplace as its primary target due to the significant degree of fragmentation in this arena, the global market demand for these services, and BIG's overall expertise in establishing financial modeling solutions. Owners, lending institutions, government agencies, and legal authorities each have significant involvement in this process, yet a majority of the key metrics associated with these processes involve manual efforts.

Mr. Walter Breidenstein, BIG’s Chairman and CEO, said: “Through our extensive research and due diligence, we have exposed a market niche that we believe is one of the most compelling e-business opportunities with significant growth potential. We spent more than a year researching opportunities in the construction industry and identified more than 200 e-market competitors. Today, our step-by-step program management and project finance e-business solutions appear unmatched in the industry”.

Roberto Tavano, Vice President of CGE&Y, said: “We were delighted to be selected as BIG's advisors, and it was a creative task helping them define their launch strategy. The new ideas and business model we have contributed to refine and shape will represent a breakthrough in the collaborative e-hubs arena”.

Per Mr. Breidenstein, potential future engagements with BIG involve identifying and securing several key project sponsors, financial institutions, and service providers in Italy, UK, and the USA.

About Build It Global Inc. 
Build It Global Inc. (BIG) is the world’s first peer-to-peer virtual e-business matrix that will revolutionize project finance in the construction industry. BIG’s mission is to become the premier project financing facilitator by providing innovative consulting and financial services using next-generation technology. This technology based solution offers a collaborative environment for project owners, governments and sponsors to increase the number and quality of business opportunities, reduce the systematic risk inherent in project financing, improve risk management and mitigation, reduce overall financial cost, reduce development time during the pre-construction phase and identify revenue drivers through intellectual property structuring. Overall, BIG has designed a step-by-step business process to drive projects from idea through financing and has established a specific methodology and standards to help investors to preserve their investments and reduce risks associated with construction projects. BIG delivers real value and a quality brand to the project finance and construction industries through performance with integrity.

About CGEY
Cap Gemini Ernst & Young is one of the largest management and IT consulting firms in the world. The company offers management and IT consulting services, systems integration, and technology development, design and outsourcing capabilities on a global scale to help businesses continue to implement growth strategies and leverage technology in the new economy. The organization employs about 60,000 people worldwide and reports global revenues of about 8.5 billion euros (2000 pro forma).

More information about individual service lines, offices and research is available at www.cgey.com