PurchasingNet, Inc. Receives100 Award

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Fourth Time Procure-to-Pay Solution is Recognized

Red Bank, NJ

July 30, 2008 –Supply & Demand Chain Executivemagazine, the executive’s user manual for the supply and demand chain transformation, this week awarded PurchasingNet, Inc. (www.PurchasingNet.com) itsS&DCE100 award in the June/July 2008 issue. This is the fourth time PurchasingNet’s Procure-to-Pay solution, PNet, has received the honor.

Seven years ago,Supply & Demand Chain Executiveannounced its first “100” list of supply chain solution providers, consultants, and other organizations that were helping lead the way in transforming companies’ supply and demand chains. PurchasingNet was recognized as a Procure-to-Pay innovator in the inaugural “Top 100” list in 2001.

This year, the magazine focused the criteria for its “100” feature on supply chain innovation. “Our readers turn toSupply & Demand Chain Executiveto learn about new solutions and best practices for enabling the supply chain, to understand trends in supply chain technology, and to benchmark their own companies’ enablement initiatives with those of other enterprises across industry verticals,” explained Andrew K. Reese, Editor ofSupply & Demand Chain Executive. “The corporate executives and line-of-business leaders who rely on the magazine want to know what the different supply chain solution and service providers are doing to help them meet the challenges of the 21st century supply chain.”

Supply & Demand Chain Executiveidentified leading providers of supply chain services and technologies who are at the forefront of innovation. Based on submissions to the “100” from end-users and solution providers, the judging committee for the “100,” including the editorial staff of the magazine, in conjunction with the editorial advisory board, has compiled a list of leading supply and demand chain innovators.

“Since our founding, our aim has been to develop innovative technologies for procurement and payables professionals,” stated Tim McEneny, President & CEO, PurchasingNet, Inc. “This award recognizes the success we have had creating solutions that enable the convergence of the physical supply chain with the financial supply chain,” McEneny concluded.

A copy of the cover story can be found in the June/July 2008 issue ofSupply & Demand Chain Executive, and online atwww.SDCExec.com/SDCE100.

AboutSupply & Demand Chain Executive

Supply & Demand Chain Executive(www.SDCExec.com) is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage.

About PurchasingNet, Inc.

PurchasingNet, Inc. (www.PurchasingNet.com) is a leading provider of Web-based eProcurement and ePayables software to mid- and large-sized companies. The company has over 1,400 customers in Financial Services, Retail/Consumer Products, Professional Services, Media/Publishing, and a variety of other industries.

Founded in 1983, PurchasingNet has focused exclusively on the development and implementation of Procurement and Payables applications since inception. In addition to building an extensive, blue-chip client base, PurchasingNet possesses deep domain expertise in Purchasing and Payables business processes. The average length of service at PurchasingNet is 8 years per employee.

PurchasingNet’s customers include U.S. Bank, Navy Federal Credit Union, American Financial Group, Liz Claiborne, HBO, EarthLink, Black & Decker, Kroger, and General Mills.

For Details, Contact:

Erinn Tarpey
Marketing Manager

PurchasingNet, Inc.
732-212-1500 x 3173

http://www.purchasingnet.com/PR_7_30_2008.html