With Baan CODA-Financials system in place, companies within Mirage's network of luxury resorts are able to maintain their reporting and automate labor-intensive inter-company and allocation processes, such as tracking transactions between various Mirage Resorts properties. Baan CODA-Financials is fully integrated with Mirage's existing Inventory/Purchasing and Payroll systems using the CODA-Link integration tool set in each of its properties.

"We required a very rapid implementation-our first two properties needed to go live within 120 days," said Kay Whitaker, director of product strategy for Mirage Resorts, Incorporated. "Baan CODA-Financials' high degree of flexibility allowed the implementation team to replicate our current environment and quickly deliver a system that can keep pace with our growing business requirements. With Baan CODA-Financials, we were able to adapt the system to our needs, minimize implementation costs, and go live without delay."

Bellagio completed its implementation of Baan CODA-Financials on Microsoft's SQL Server prior to the hotel's October gala grand opening. Bellagio offers 3,000 guest rooms, a gallery of fine art, which includes the paintings of Picasso, Van Gogh and Monet, among other artists, and internationally renowned restaurants and retail shops. Mirage evaluated a number of vendors, including PeopleSoft, Lawson, JD Edwards and Platinum. Mirage selected Baan Company as it was the only vendor to successfully demonstrate the necessary high degree of functionality and flexibility in its proposed implementation strategy.

"Baan CODA-Financials easily accommodated Mirage Resorts' unique reporting requirements and its intense schedule for implementation," said Andrew Nash, president of Baan Global Consulting. "With very little custom work, Mirage Resorts was able to eliminate many inefficient manual processes while keeping hundreds of familiar reports and charts as they were."

About Baan Company

Founded in 1978, Baan Company (Nasdaq: BAANF) is a leading global provider of enterprise business software.  Baan Company's comprehensive portfolio of best-in-class, component-based applications for front office, corporate office, and back office automation are in use at over 7,000 customer sites worldwide.  Baan Company's products reduce complexity, improve core business processes, are faster to implement and use, more flexible in adapting to business changes and optimize the management of information throughout the entire value chain.

Baan Company has dual headquarters in Barneveld, The Netherlands and Reston, Virginia, USA and can be found on the World Wide Web at http://www.baan.com.

Headquartered in Las Vegas, Nevada, Mirage Resorts is the parent company for five hotel/casino properties including The Mirage, Treasure Island, Bellagio, and Golden Nugget resorts in Las Vegas; the Golden Nugget in Laughlin, Nevada; the Atlandia Design construction company and Shadow Creek golf course in Las Vegas; and the Beau Rivage resort in Biloxi.  Mirage Resorts, Incorporated employs more than 28,000 people.

Statements in this press release using the words "believes," "expects," "anticipates," and the like are forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended, and as such are subject to a number of risks and uncertainties that could significantly affect outcomes. Actual outcomes, therefore, may differ materially from the expectations, estimates, or assumptions expressed in or implied by any such statements. Typical risks and uncertainties may be reviewed in the Baan Company's public filings on file with the U.S. Securities and Exchange Commission (including its most recent Form 20-F and 6-K). "Baan" is a registered trademark of Baan Company, and any trade, product, or service name referenced in this release using the name "Baan" is a trademark and/or property of Baan Company. All other company, product, and service names may be trademarks of their respective owners.