Blyth Boosts Sourcing Processes with Procuri

Business Wire, June 1, 2004

Business Editors

ATLANTA--(BUSINESS WIRE)--June 1, 2004

Procuri Inc., a leading provider of strategic sourcing solutions, today announced that Blyth Inc. (NYSE: BTH), a leading designer and marketer of home decorative and fragranced products, signed a two year agreement to use Procuri's strategic sourcing solutions.

Before choosing Procuri, Blyth conducted a full market evaluation. The company wanted a provider that could help meet its sourcing goals through a cost-effective and extensible software application. Procuri's Web-based solutions will enable Blyth to streamline and standardize its sourcing processes while institutionalizing best practices.

"When determining which provider to use, we looked for a company that offered a powerful combination of software and services. We chose Procuri because of its rich functionality and its unique approach to transfer sourcing knowledge and expertise in order to leverage our team's core competencies while achieving self-sufficiency," said Glenn Evans, vice president of Global Sourcing for Blyth.

Blyth, Inc., designs, manufactures, and distributes a line of candles and home fragrance products, as well as a range of home decor and decorative seasonal products. Blyth will be generating savings with Procuri's solutions in North America, Europe, and Asia within its worldwide PartyLite direct selling business, the company's consumer wholesale businesses and its Sterno business unit.

Since December 2003, the company has globally trained purchasing professionals and has sourced $68 million of spend worldwide through a variety of Procuri's functionality including requests for information, reverse auctions and sealed bids. The company recently realized double-digit savings for events completed in its North American and European divisions.

"Procuri's solutions offer intuitive functionality that allows companies to start saving immediately. Our goal with any customer, including Blyth, is to help them achieve self-sufficiency with our easy-to-learn and easy-to-use solutions by leveraging and elevating the expertise of their staff," said Mark F. Morel, Sr., president and chief executive officer for Procuri.

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.

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