Procuri Sourcing Expert Recognized as 'Pro to Know' by Supply and Demand Chain Executive; John Madrid Honored as a Thought-Leader for Deep Domain Knowledge and Innovative Thinking

Business Wire, March 8, 2005

ATLANTA -- Procuri Inc., a leading provider of On-Demand strategic sourcing solutions, today announced that John Madrid, executive vice president of Sourcing Knowledge and Services was honored as a 2005 Provider Pro to Know by Supply and Demand Chain Executive magazine, the go-to source for complete knowledge and information on end-to-end supply and demand chain solutions.

The Supply & Demand Chain Executive Provider Pros to Know is a listing of individuals from supply and demand chain software providers who exhibit deep domain knowledge and innovative thinking within the industry. Through a dedication to continued improvement in supply chain technology, these individuals have worked to help supply chain management professionals by equipping them with the proper tools.

"We are honored that John has been recognized as a thought-leader in the strategic sourcing solution industry and selected as a Provider Pro to Know," said Mark F. Morel, Sr., president and chief executive officer for Procuri. "John is a driving force behind Procuri's services team. His evangelistic efforts to empower sourcing professionals with processes and solutions to achieve sourcing success underlines Procuri's customer-centric approach."

As executive vice president of Sourcing Knowledge and Services for Procuri, Madrid grows and expands the capability for Procuri's customers to effectively and efficiently adopt a strategic sourcing program and empowers sourcing organizations with strategies and tactics that leverage their sourcing knowledge.

Madrid has extensive experience in enabling sourcing professionals to improve the overall effectiveness of their sourcing programs. Before joining Procuri in 2001, Madrid spent 25 years with Procter and Gamble. As Global Web Auction Manager, he was instrumental in developing tactics, executing successful reverse auctions and training auction managers around the world. He was challenged with saving $100 million in one year through reverse auctions. However, it only took him nine months.

Supply & Demand Chain Executive created a set of criteria for the nominations and beginning in January, the Editorial Team and Advisory Board culled through scores of nominations to find the applicants that best fit the criteria. The full listing of the 2005 Pros to Know is available in the February/March issue of Supply & Demand Chain Executive or on the magazines Web site at www.SDCExec.com.

About Supply & Demand Chain Executive

Supply & Demand Chain Executive (www.sdcexec.com) is a bi-monthly business magazine aimed at uniting the intelligence, news and tools necessary to steer the supply and demand chain management professional and business executive through the complicated, yet critical, world of supply and demand chain management. With hard-hitting analysis, viewpoints and unbiased case studies, Supply & Demand Chain Executive will uncover each aspect of the new supply and demand chain to keep readers on the leading edge, the frontline and the profit zone.

About Procuri Inc.

Procuri, the fastest growing strategic sourcing solutions company, empowers more than 145 customers of all sizes, industries, geographies and spend categories, including Procter & Gamble, Eastman Kodak, ITT Industries, KLM Royal Dutch Airlines, Rio Tinto and U.S. Steel. With a near 100 percent customer retention rate, Procuri's Web-based solutions are significantly driving down costs and cutting cycle times for enterprises sourcing from more than 88 countries. For more information, call 1-877-360-1600 or visit www.procuri.com.