Paramount Farms Selects I-many/Deductions and I-many/Trade Promotions; Leading Nut Grower to Improve Business Process Efficiencies and Reduce Costs with I-many Solutions

Business Wire, Dec 5, 2002

Business Editors/High-Tech Writers

PORTLAND, Maine--(BUSINESS WIRE)--Dec. 5, 2002

I-many, Inc. (NASDAQ: IMNY), the leader in enterprise contract management and trade management solutions, announced today that Paramount Farms has selected I-many/Deductions and I-many/Trade Promotions, enabling the nut grower to efficiently and quickly resolve outstanding accounts receivables.

Paramount Farms is a leading grower of pistachios and almonds with annual production of 100 million and 40 million pounds respectively. The privately-held company has corporate headquarters in Los Angeles, California.

"I-many's deduction and trade promotions management solutions will help increase customer profitability by providing us with the ability to evaluate deal structures," said Rob Thomson, Director of Sales Merchandising at Paramount Farms. "It will also significantly improve our business processes, which are critical to reducing costs within our operations."

"Paramount Farms scoured the marketplace for a proven solution that could maximize the resolution of deductions and deliver a high impact to the bottom line," said Mark Smith, Vice President and General Manager of I-many's Consumer Industries Division. "I-many/Deductions and I-many/Trade Promotions met their requirements and will serve as a fully integrated solution that supports profitable relationships with trading partners."

About I-many/Deductions

I-many/Deductions revolutionized the business-to-business settlement process by solving the ongoing problems surrounding invoice disputes and deductions, thus allowing trading partners to more easily reach mutually satisfactory agreements.

About I-many/Trade Promotions

A sophisticated, Internet-enabled software solution, I-many/Trade Promotions empowers sales and marketing departments to create, distribute, manage, monitor and track simultaneous campaigns and promotions across products, categories, accounts and regions.

I-many/Deductions and I-many/Trade Promotions are an integral part of the I-many enterprise contract management solutions suite.

About I-many

I-many (NASDAQ: IMNY) is the leading provider of enterprise contract management and trade management solutions. The company's solutions automate contracting processes, ensure contract compliance and track contract performance resulting in higher contract revenues and reduced operating costs. More than 250 life science, consumer goods, food service and manufacturing companies use I-many solutions. For more information, visit the company at http://www.imany.com.

This press release may contain forward-looking statements relating to the future performance of I-many, Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from expectations. These risks and uncertainties include the customary uncertainty associated with large software implementation projects and other risks described in I-many's filings with the Securities and Exchange Commission.

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