Procuri Experiences Dramatic Increases Across All Financial Metrics Including New Customers, Revenue Growth, Bookings and Average Contract Length.

ATLANTA -- Industry Analysts Agree: Procuri is the "Hot" On-Demand Sourcing Provider

Delivering on the potential and promise of On-Demand strategic sourcing, Procuri announced record-setting growth for 2004. Procuri's solutions and services resonate with companies of all sizes and in every vertical market as the company continues its displacement of competitors. With its On-Demand functionality, automation of sourcing processes and best practice strategies, Procuri expects to accelerate its successful customer, bookings and revenue growth in 2005.

AMR Research: "Procuri is the hot on-demand e-sourcing provider"

Procuri, cited as "the hot on-demand e-sourcing provider" by AMR Research(1), has experienced tremendous financial results in 2004. With an average contract length over two years, Procuri's long-term recurring revenue (annualized revenue run rate) grew by 65 percent and the company experienced a record 130 percent increase in total bookings, or the value of all contracts signed, in 2004.

Cited as having "the second-largest installed base of any sourcing provider" by a leading analyst firm, Procuri boasts an increasing customer base with the addition of 46 new long-term subscription customers and 35 contract renewals. With the addition of Acuity Brands, Inc., Alliance Capital, American Water, Cadbury Schweppes, Cooper Industries, Cox Enterprises, Inc., e-gatematrix, The Hearst Corporation, HOVENSA, Kohler Co., LeChase Construction Services LLC, National Semiconductor Corporation, The New York Times Company, Prosero and Sonoco Products Company among other companies, Procuri's customer base jumps to include over 150 companies.

In addition to its customer increase and financial success, Procuri enjoyed other key milestones:

--Launched its highly successful Procuri Empower conference featuring speakers from AberdeenGroup, Acuity Brands, Alliance Capital, AMR Research, Bank of America, Gartner Group, ISM, Newell Rubbermaid and Rio Tinto.

--Achieved Silver Alliance partner status with SAS Institute, the world's leader in business intelligence software, and a joint customer deployment at Blyth Inc.

--Enhanced visibility and control of supplier performance and spend analytics through sales and marketing relationships with Open Ratings, the leading provider of proactive supply management solutions, and SupplyWorks, a leader in direct materials supply management software for discrete manufacturers.

--Honored as a leading supply and demand chain vendor by Supply & Demand Chain Executive's yearly "Executive 100" list.

--Authored "Driving Business Performance with Strategic Sourcing: A roadmap to saving significant time and money through 'best value' strategic sourcing within the next few weeks--not months or years from now.", a 96-page monograph that demystifies strategic sourcing and is available at www.procuri.com/book.

"Customers and analysts confirm that Procuri's business and delivery model and sourcing solutions are on target with what the market demands and needs," said Mark F. Morel, Sr., Procuri's president and chief executive officer. "Procuri is the leader in On-Demand strategic sourcing as evidenced through our financial and customer success year after year."

About Procuri Inc.

Procuri, the fastest growing strategic sourcing solutions company, empowers more than 150 customers of all sizes, industries, geographies and spend categories, including Procter & Gamble, Eastman Kodak, ITT Industries, KLM Royal Dutch Airlines, Rio Tinto and U.S. Steel. With a near 100 percent customer retention rate, Procuri's Web-based solutions are significantly driving down costs and cutting cycle times for enterprises sourcing from more than 90 countries. For more information, call 1-877-360-1600 or visit www.procuri.com.

(1) AMR Research, The Procurement and Sourcing Applications Report 2003-2008, June 2004.

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