Enterprises Choose Procuri For Multi-Module Supply Management Excellence

Expansions and Full-Suite Deals Drive Q2 2007 Growth and Continued Profitability

Atlanta, GA - Procuri marked record demand for its full On Demand Supply Management Suite in Q2 2007, as enterprises gain added value from linking and streamlining the complete supply management lifecycle. With a 150 percent year-over-year increase in the number of expansions, Procuri is staking claim as the preferred platform for strategic supply and contract management.

JetBlue Fuels its Supply Management Processes with Procuri's Suite AMR Research's August 22, 2007 report, "Drive Revenue Growth with the Right Supply Management Software Deployment Model" by Mickey North Rizza and Ian Finley highlights JetBlue's success with Procuri TotalSource. The solution's fast deployment and immediate results gave Joe Gigliotti, supervisor of systems and strategy at JetBlue, the ability to get internal support for the entire Procuri suite.

"JetBlue utilizes the Procuri tool for its entire sourcing suite. The JetBlue team successfully rolled out the sourcing suite, driving home success with a quick implementation and immediate user adoption. In this age of lean airlines and slim profit margins, JetBlue focused on cutting costs quickly for immediate expense reduction and margin improvement, proving that a SaaS solution can bring tremendous value. With the sourcing team reporting to the CFO and 75 employees quickly adopting and using the system, JetBlue found immediate sourcing process improvements and savings that are making a significant difference to JetBlue's bottom line."

"The success AMR Research highlights sums up our feeling about supply management technology. We have been pleased with the deployment of TotalSource and look forward to receiving continued value in the entire Procuri suite," commented Gigliotti.

Continued Growth and Profitability for Second Quarter 2007

Strong financial growth and profitability define Procuri's performance in the second quarter 2007. With 65 new, expansion and renewal agreements, the company continues to realize double- and triple-digit growth across all financial metrics. Significant financial milestones include:

• 65 signed contracts
• 19 new customers including Afton Chemical, Aker Kvaerner, Carestream Health, Inc., ConAgra Foods, EntreMed, Inc., Kongsberg Group and OMX
• 20 new expansion agreements including Acuity Brands, Autoliv, Air France-KLM and Pilkington
• 26 renewals including FM Resources, ITT Industries and LeChase Construction

Procuri's results for the first half of 2007 are impressive: 119 signed contracts with an average contract length of 3.3 years.

Recognized by Industry and Financial Community
For the fifth year in a row, Procuri received the Supply & Demand Chain Executive 100 award. This award is given to supply chain solution and service providers that are at the forefront of enabling the 21st century supply chain.

Needham and Company, a nationally recognized investment banking and asset management firm focused primarily on serving emerging growth industries, named Procuri "A Cool Private Company." After meeting with a few members of the management team and diving into Procuri's business model, Richard Davis, research analyst for Enterprise Software, noted: "Supply management is a sector that is dying for a second generation firm to clean up the mess version 1.0 firms left during the Bubble. Procuri could be that firm."

About Procuri Empower 2007
Procuri Empower 2007, the industry's leading conference for global supply management executives and thought leaders, will be held October 8-10, 2007 at the InterContinental Hotel Buckhead in Atlanta. High profile keynotes and world-class supply management practitioners will address globalization's effect on supply management and how companies can optimize supply costs, performance, and risks in the global economy. The conference will provide attendees with a unique educational platform to learn about new solution developments discuss common issues and build mutually profitable relationships. Speakers include executives from salesforce.com, International Association for Contract and Commercial Management (IACCM), National City Corp, Federal Signal, Toyota Financial Services and Purchasing Magazine. For more information or to attend Procuri Empower 2007, please visit www.procuri.com/empower or contact empower@procuri.com.

SOURCE: Procuri Inc.