Procuri Continues to Build Momentum with Another Record Quarter.

ATLANTA -- Length of contracts up 60 percent; average deal size up 63 percent from previous two quarters

Procuri Inc., a leading provider of strategic sourcing solutions, today announced record results for the third quarter of 2004. The company closed the quarter with 16 significant new

"Procuri's record performance clearly demonstrates the company is delivering on both the short-term and long-term performance objectives that we established earlier this year," said Mark F. Morel, Sr., Procuri's president and chief executive officer. "Each quarter Procuri continues to meet or exceed our key objectives. This is a testament to our growing customer confidence, the hard work of our employees and our ability to deliver solutions and services that create real value."

With more than 130 customers, Procuri is continuing to increase its market share and revenue growth by focusing on superior sourcing functionality and excellent customer service. Procuri's solutions are designed with all the advantages of "on-demand", Internet-based software - there is no software or hardware to install, integrate, maintain, or configure. The highly scalable and secure solutions can be deployed rapidly around the world so that buyers are quickly experiencing the benefits of strategic sourcing.

Other Highlights and Developments

--The company continued to demonstrate industry leadership with Procuri Empower 2004, Procuri's inaugural user conference. In September, nearly 200 participants attended this exclusive, two day event to gain further insight into the value of strategic sourcing from visionary companies including Acuity Brands, Alliance Capital, Bank of America, Newell Rubbermaid and Rio Tinto. The forum also provided an opportunity to learn new business strategies and lessons on how strategic sourcing solutions can increase the bottom line.

--Procuri announced a major new release and re-branding of its solutions with Procuri TotalSource(TM), the company's integrated strategic sourcing suite. Procuri TotalSource automates, streamlines and institutionalizes processes and best practices across the entire strategic sourcing spectrum for enterprises of all sizes, industries, geographies and spend categories.

--Procuri announced its status as a Silver Alliance Partner with SAS Institute, the world's leader in business intelligence software. The partnership allows both software makers to build on established sourcing and service strengths for customers of all sizes across all vertical markets.

--Procuri announced joint marketing agreements with Open Ratings, Inc., a leading provider of proactive supply management solutions, and SupplyWorks, Inc., a leader in direct materials supply management software for discrete manufacturers.

--Procuri published a 96-page monograph entitled, Driving Business Performance with Strategic Sourcing. The monograph contains real-world experiences developed by working with sourcing professionals from more than 125 organizations.

About Procuri Inc.

Procuri, the fastest growing strategic sourcing solutions company, empowers more than 130 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 88 countries. For more information, call 1-877-360-1600 or visit www.procuri.com.

All copyright, registration and trademarks for Procuri, Inc., Procuri, Procuri 2, Procuri 3, Procuri 4.0, Fast-Track ROI and Procuri Empower 2004 are owned by Procuri, Inc. Other company and product names may be trademarks of their respective owners.