Procuri Announces Record Quarter; Solidifies the Significant Demand for OnDemand Supplier...

ATLANTA -- Procuri, the leader in OnDemand supplier management solutions, today announced record second quarter results. Financial highlights for the quarter include:

--250 percent increase in total bookings, or value of all contracts signed, from Q1 2005 to Q2 2005;

--200 percent

--131 new customers since year-end 2004, with a total of over 300 customers; and

--43 month average contract length.

Industry expert Richard Waugh, vice president at Aberdeen Group, noted, "OnDemand users report up to 50 percent lower up-front solution costs, faster implementations, and ongoing operational costs two to three times lower than with installed software." Procuri's impressive quarter further validates Waugh's statistics and research.

The Demand for OnDemand

With the highest customer loyalty and retention rate in the industry, companies are choosing and staying with Procuri for the long-term. With an average contract length of over three years, companies select Procuri's functionality over its competitors and realize significant return-on-investment year after year.

Procuri's suite of OnDemand supplier management solutions are preferred by companies across all geographies and in virtually every vertical market. Customer highlights for the quarter include:

--19 new customers including Brookmeade Group, LLC; Industriaplex; Tandem Health Care System; Wates Group Limited and ZANTAZ, Inc.

--22 companies renewed or expanded their contracts with Procuri including Autoliv Inc.; Crane Co.; Fortune Brands; Geisinger System Services; Halliburton ESG; McGraw-Hill Companies Inc.; and Rio Tinto Group.

Customer and Industry Recognition

For the third consecutive year, Procuri was honored as a leading supply and demand chain vendor by the annual Supply & Demand Chain Executive "Executive 100" list. The criteria for this year's award focused on the end users of supply chain technology to learn how enterprises are working with top solution providers to enable their supply and demand chains. Finalists were selected for innovative solutions that represent supply chain challenges at a variety of different types of companies.

"Once again, Procuri has achieved record quarterly results. We focused on exceeding our earlier impressive results by improving already high customer satisfaction and increasing interest among prospective customers," said Mark F. Morel, Procuri's president and CEO. "Procuri's delivery model, service approach and superior supplier management solutions have proven to be preferred by customers, analysts and the industry. We continue to surpass our revenue projections quarter-after-quarter and, as we move into the second half of the year, look forward to continued customer and financial gains."

Procuri Empower 2005

Procuri Empower 2005 is an exclusive two-day conference that will provide a forum for attendees to learn about new company initiatives, discuss best practices and trends and provide networking opportunities to build business relationships. By concentrating on practical benefits and real-life examples, executives will understand how supplier management can make a difference in their organization. Procuri Empower 2005 will be held September 12-14, 2005 at the Grand Hyatt Atlanta. For more information or to attend Procuri Empower 2005, please visit www.procuri.com/empower or contact empower@procuri.com.

About Procuri

Procuri, the leader in OnDemand Enterprise Supplier Management solutions, empowers more than 300 customers of all sizes, industries, geographies and spend categories, including Eastman Kodak, The McGraw-Hill Companies, Newell Rubbermaid, Rio Tinto and U.S. Steel. Procuri's OnDemand solutions accelerate bottom line savings and drive top line performance throughout organizations with comprehensive yet user-friendly solutions that control costs, manage performance, ensure compliance and quickly deliver more value. For more information, call 1-877-360-1600 or visit www.procuri.com.

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