Verticalnet Announces Free Web Seminar on eSourcing Adoption; Highlights eSourcing Success that Resulted in 500% ROI in Less than Four Months

Business Wire, Sept 13, 2004

MALVERN, Pa. -- Verticalnet, Inc. (Nasdaq:VERT), a leading provider of supply management solutions, is participating in a free web seminar, "Breaking Through the Adoption Barrier: An eSourcing Success Story". The seminar, part of Verticalnet's Thought Leadership Series, will take place on Tuesday, September 14th, 2004 from 11:00 am - 12:00 pm Eastern Daylight Time.

In the webinar, Verticalnet will present a case study on solving the user adoption challenge for a recent client and how Verticalnet implemented a strategic sourcing program, which rapidly saved millions of dollars in less than four months.

Webinar attendees will learn how this company:

--Achieved a 500% return on investment

--Identified the most attractive sourcing opportunities through spend analysis

--Rapidly held sourcing events for over 20 spend categories

--Established a repeatable sourcing process for direct and indirect materials

Participants will also have the opportunity to participate in an interactive Q&A session with the presenters. Registration for the seminar is free, and is available online at http://www.prtm.com/events/strategicsource.> About Verticalnet

Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet has helped numerous Global 2000 companies take their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise. To learn more, please visit us at www.verticalnet.com.

Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC.