Perfect Commerce President Recognized As A ``Pro To Know''; Jim Neikirk Selected by Supply & Demand Chain Executive Magazine

Business Wire, March 9, 2005

KANSAS CITY, Mo. -- Perfect Commerce, the largest provider of On-Demand Supplier Relationship Management (SRM) solutions and The Open Supplier Network(SM) (The OSN(SM)), announced today that Jim Neikirk, president of Perfect Commerce, Inc., has been selected as one of Supply & Demand Chain Executive magazine's Executive "Provider Pros to Know." The Pros to Know is an annual listing of 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 and demand chain technology, these individuals have worked to help supply and demand chain management professionals by equipping them with the proper tools.

"The editorial and advisory board staff at Supply & Demand Chain Executive (SDC Exec) is impressed every year by the thought leadership and innovation displayed by the nominees accepted as the Pros to Know, and this year is no exception," said Andrew Reese, editor of SDC Exec. "With people like these leading the charge, supply and demand chains are being transformed into lean, competitive tools that challenge traditional business rules and point to the future of supply chain management."

This year, SDC Exec recognizes the significance of contributions made by executives working at solution providers who began their careers as practitioners working to manage the supply chains of brick and mortar companies. These executives offer a unique practitioner perspective to leading edge solution providers.

As a former chief procurement officer and past president of Pantellos, Neikirk understands the complexities and challenges of enhancing supply chain performance to improve the corporate bottom-line. With more than 30 years of supply chain experience, he has been instrumental in streamlining supply chain operations through the adoption of electronic commerce processes, technologies and tools.

"Jim's vision and dedication to improving eProcurement has helped us drive savings from our supply chain, achieve our objectives to improve efficiencies and enhance our supplier relationships," said Brad Tobin, vice president and CIO, FirstEnergy.

"Perfect Commerce is well positioned to help companies looking to improve their bottom line," said Neikirk. "On-Demand delivery, once viewed as a rather limited mid-market solution, is now considered best-in-class for even the largest enterprises."

This year's Aberdeen Research eProcurement Benchmark Report reaffirmed On-Demand's advantages, with enterprises using hosted delivery reporting 25% to 30% faster deployment times than those implementing applications on premises.

"Enterprises using hosted offerings reported fewer full-time-employees (FTEs) dedicated to ongoing system maintenance," said Tim Minahan, vice president of The Aberdeen Group. "All these factors improve the accessibility and enhance the overall value and return-on-investment potential of eProcurement."

"It is heartening to see the wide adoption of On-Demand solutions. Our company's commitment to simplifying e-commerce begins with providing complete On-Demand sourcing-to-settlement solutions and continues with deep supply chain expertise and The Open Supplier Network. We help clients obtain bottom-line results. It really is that simple," said Neikirk.

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 Perfect Commerce, Inc.

Perfect Commerce is the largest supplier of On-Demand Supplier Relationship Management (SRM) solutions and provides connectivity to trading partners via The Open Supplier Network(SM) (The OSN(SM)). The company is the leading On-Demand SRM solutions provider with more than 500 clients (101 in the Fortune 500), 165,000 users and 11,000 suppliers. Perfect Commerce provides deep supplier-facing capabilities for the complete sourcing-to-settlement process. The company enables businesses to achieve sustainable supply management by simplifying the complex challenges of spend management, sourcing, contract management, services management, procurement, and electronic invoice presentment and payment. Perfect Commerce helps its clients succeed by delivering On-Demand SRM solutions that deliver bottom-line results.

Headquartered in the metropolitan Kansas City area; with offices in Texas, California, Nevada and France; Perfect Commerce can be reached at 877.871.3788 or http://www.perfect.com.