Exel Enhances Sourcing Processes with Procuri

Business Wire, August 30, 2004

ATLANTA -- Procuri Inc., a leading provider of strategic sourcing solutions, today announced that Exel, the global leader in supply chain management, has selected Procuri's solutions to automate its sourcing processes and to consolidate its purchases.

Exel was first exposed to Procuri after participating in an event as a supplier. Understanding the value of strategic sourcing solutions, the company decided to leverage Procuri's best-in-class functionality to automate processes and consolidate purchases. Procuri's solutions will be used to achieve greater efficiency in Exel's sourcing processes and procedures within its global purchasing organizations throughout the United States and Europe.

"After using Procuri as a supplier, we discovered the significant value it can add to our company's sourcing process," said Tom Temple, manager of procurement, Exel, Americas. "We selected Procuri's solutions because they are easy-to-use and the company provides excellent support services for its users, both buyers and suppliers."

Procuri delivers robust, cost-effective on-demand strategic sourcing solutions that immediately empower enterprises to elevate the expertise of staff for rapid self-sufficiency. With Procuri's solutions, Exel will be able to elevate its sourcing capabilities and institutionalize best practices for a more efficient and streamlined sourcing process.

With operations in more than 120 countries and in several key industry sectors, Exel is the global leader in logistics and transportation services. Exel's comprehensive range of innovative logistics solutions encompasses the entire supply chain from design and consulting through freight forwarding, warehousing and distribution services to integrated information management and e-commerce support.

"As a supply chain management services company, Exel delivers efficient and effective operational processes to its customers," said Mark F. Morel, Sr., president and chief executive officer for Procuri. "With Procuri, Exel's staff will have an enhanced strategic sourcing environment that easily adapts to its proven and emerging processes while delivering new efficiencies and best practices throughout its world-class enterprise."

About Exel

Exel is the global leader in supply chain management, providing customer-focused solutions to a wide range of manufacturing, retail and consumer industries. Exel's comprehensive range of innovative logistics solutions encompasses the entire supply chain from design and consulting through freight forwarding, warehousing and distribution services to integrated information management and e-commerce support. Exel, a UK listed, FTSE 100 company, with turnover of GBP 5.1 billion (US$8.3 billion/ EUR 7.4 billion), employs over 74,000 people in 1,600 locations in more than 120 countries worldwide. Exel's customers include over 70% of the world's largest, quoted non-financial companies.

About Procuri Inc.

Procuri's strategic sourcing solutions empower its more than 100 customers to create a competitive advantage. By accelerating business velocity, Procuri's solutions help companies achieve rapid ROI, reduce cycle times and improve buyer efficiencies. Procuri's ability to leverage industry best practices and enable its customers to better predict and control their success in the sourcing process has led to the company's unequaled 100 percent customer retention rate. Customers include Procter & Gamble, Eastman Kodak, ITT Industries, KLM Royal Dutch Airlines, Rio Tinto and U.S. Steel, among others. For more information, call 1-877-360-1600 or visit www.procuri.com.

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