EB2B COMMERCE REVISES PERIOD FOR OFFER TO SIMPLIFY CAPITAL STRUCTURE


     NEW YORK March 12, 2001 eB2B Commerce,  Inc. (NASDAQ:EBTB)  announced today
that it has  extended  to May 1, 2001 the  recently  announced  offer to certain
private  investors  to convert  preferred  stock and  exercise  warrants for the
purpose of simplifying the capital structure of the Company.

     The securities  offered will not be and have not been registered  under the
Securities  Act of 1933  and may not be  offered  or sold in the  United  States
absent registration or an applicable  exemption from registration  requirements.
In addition, the securities will continue to be subject to the provisions of the
"lock-up" agreements entered into in connection with the 1999 private placement.

     ABOUT  EB2B   COMMERCE   eB2B   Commerce   is  the   leading   provider  of
business-to-business  transaction  management  services  that  simplify  trading
partner integration,  automation,  and collaboration across the order management
life cycle.  The eB2B  Trading  Network  and  Transaction  Lifecycle  Management
solutions  provide  enterprises  large  and  small  with a  total  solution  for
improving  trading partner  relationships  that enhance  productivity and bottom
line profitability.

     CERTAIN  STATEMENTS  CONTAINED IN THIS NEWS RELEASE  WHICH ARE NOT BASED ON
HISTORICAL FACTS ARE FORWARD-LOOKING  STATEMENTS,  AS THE TERM IS DEFINED IN THE
PRIVATE   SECURITIES   LITIGATION  REFORM  ACT  OF  1995,  AND  ARE  SUBJECT  TO
UNCERTAINTIES  AND RISKS THAT MAY CAUSE ACTUAL RESULTS TO MATERIALLY DIFFER FROM
PROJECTIONS.  ALTHOUGH  EB2B  BELIEVES  THAT  ITS  EXPECTATIONS  ARE  REASONABLE
ASSUMPTIONS WITHIN THE BOUNDS OF ITS KNOWLEDGE OF ITS BUSINESS OPERATIONS, THERE
CAN BE NO  ASSURANCE  THAT ACTUAL  RESULTS WILL NOT DIFFER  MATERIALLY  FROM ITS
EXPECTATIONS. THE SAFE HARBOR IN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995 DOES NOT APPLY TO STATEMENTS MADE IN CONNECTION WITH THE OFFER DESCRIBED IN
THIS RELEASE.