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I-many Joins the Russell 3000 and 2000 Indexes.

Business Editors

PORTLAND, Me.--(BUSINESS WIRE)--July 10, 2001

I-many, Inc. (NASDAQ:IMNY), the leader in contract management solutions, announced today that it has been added to the Russell 3000(R) and Russell 2000(R) Indexes published Monday by the Frank Russell Company. The Frank Russell Company, one of the world's leading investment management and advisory firms, provides investment and analytic tools and diversified funds to institutional and individual investors in 35 countries.

The Russell 3000(R) Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization, which represents 98% of the investable U.S. equity market. The purpose of the index is to act as a performance standard for active managers, to serve as a proxy for asset allocation purposes, and to become a purchasable and replicable vehicle for passive investment strategy. The Russell 2000(R) measures the performance of the 2,000 smallest companies in the Russell 3000(R) Index.

A. Leigh Powell, President and CEO of I-many, stated, "We are very pleased to have qualified for this reputable equity index, as it enables I-many to be introduced to new investors, both institutional and individual. We believe that our inclusion in the Russell Indexes will contribute to our goal of creating long-term, sustainable shareholder value."

About I-many

I-many (NASDAQ: IMNY) is the leader in providing software and Internet-based contract management solutions and related professional services which enable businesses to manage complex trade relationships and facilitate business-to-business e-commerce. The company's software is used by 8 of the largest 10 healthcare manufacturers in the world and leading consumer goods companies. The company estimates that its solutions help manage more than $45 billion in contracted commerce per year. For more information, visit the company Web site at
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Publication:Business Wire
Date:Jul 10, 2001
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