Tundra Oil & Gas Partnership Signs Multi-Year Agreement with DO2 Technologies Inc. to License Electronic Invoicing Platform

Business Wire,  June 25, 2008  

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CALGARY, Alberta & HOUSTON & LONDON -- DO2 Technologies Inc. (DO2), the global leader in electronic invoicing, today announced that Tundra Oil & Gas Partnership (Tundra) signed a multi-year agreement to license DO2's solutions to automate and streamline their invoicing and accounts payable processes.

Tundra Oil & Gas Limited is a privately owned company based in Winnipeg, Canada, with oil production in Manitoba and Saskatchewan. After a thorough investigation of technical criteria, Tundra selected DO2's electronic invoicing applications to automate their invoicing process and provide additional value in the areas of automated price reconciliation and early payment discounts.

Tundra and DO2 will begin implementation of a broad suite of DO2's products that provide functionality for not only electronic invoicing, but also the management of paper invoices (scanned invoices) within the electronic invoicing workflow, the management of early payment discounts, and the reconciliation of invoices against contracted prices.

"We are very pleased to have Tundra join our growing buyer community," said Rod Munro, President and CEO, DO2 Technologies. "Electronic invoicing truly is a collaborative effort between buyers and suppliers, and it adds significant value to both sides of the transaction. Tundra will reduce payment cycle times and be able to achieve early payment discounts, while their suppliers will get paid much more quickly, making this a win-win for both sides."

DO2's platform, OpenInvoice, is the leading electronic invoicing solution. It automates the process of invoice generation, receipt, adjudication and approval, and streamlines traditional labor-intensive paper-based workflow processes. Tundra also licensed OpenInvoice EarlyPay, which integrates with OpenInvoice to allow users to identify and manage invoices that are subject to early payment terms.

Additionally, Tundra also licensed OpenInvoice Pricebook, which automatically compares contract terms to every line item on incoming invoices to ensure proper pricing, and OpenInvoice Image, which manages scanned paper invoices and fully electronic invoices through the same workflow, providing a completely paper-free environment.

About DO2 Technologies Inc.

DO2 Technologies Inc. (www.do2.com) is the leading global provider of electronic-invoicing software solutions that enable buyers and suppliers to automate shared financial processes. More than 27,000 users at over 9,000 companies use DO2 solutions to process millions of e-invoices and procurement documents annually. DO2's OpenInvoice[TM] platform delivers the most complete solution, offering modules covering the full scope of procurement to payment business functions; from purchase-order integration and transaction processing to discount management, price compliance and approvals workflow.

DO2's solution platform is pre-integrated with financial accounting systems including SAP[TM], Oracle[TM] and many other ERP providers. OpenInvoice is NetWeaver[TM] certified and provides complete support for SAP/SRM[TM] integration; from purchase-order punch-out to service-entry and goods receipt reconciliation.

DO2 Technologies is an SAAS (software as a service) company, delivering its solutions to customers "on-demand" over the Internet, allowing rapid adoption, lower cost of ownership and faster customer return on investment.

About Tundra Oil & Gas Partnership

Tundra Oil & Gas Partnership is a privately owned Winnipeg-based Company with oil production in Manitoba and Saskatchewan. The Company's core properties are located in southwestern Manitoba and southeast Saskatchewan. The Company began operations in 1980 with a focus on light oil production in Manitoba. Tundra operates more than 950 producing oil wells in the Williston Basin. Net oil equivalent production in December, 2006 averaged 13,250 BOE per day. The Company is a wholly owned affiliate of James Richardson & Sons, Limited ("JRSL") of Winnipeg, Canada. JRSL is a private, family company established in 1857 with operations in agriculture and food processing, oil and gas exploration, financial services and real estate.

DO2 Technologies Inc., do2.com, OpenInvoice and the DO2 Technologies Inc. logo are either trademarks, trade names or service marks of DO2 Technologies Inc. and its licensors, or are the property of their respective owners. These marks may not be copied, imitated or used, in whole or in part, without the express prior written permission of DO2 Technologies Inc.

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