February 2, 2004

Perfect Commerce™ has Record 4th Quarter
Adds 12 New Clients - Expands and Extends Relationship with an Additional 49 Clients

Kansas City, Mo. February 2, 2004
Perfect Commerce, Inc., a leading provider of world-class Supplier Relationship Management (SRM) solutions, finished 2003 with a record-breaking 4th quarter. Fueled by new account growth, the Kansas City-based company added 12 new clients, expanded its relationship with 23 existing customers and renewed contracts with 26 of its current clients. In 2003 Perfect Commerce increased their client base to 120 Global 2000 clients and saw total transactions grow 359%, resulting in $3.6 billion of transaction value - a 1080% increase.

"These results are a testament to our exceptionally qualified team of associates and the highly functional SRM solutions Perfect Commerce provides. Our ability to help companies quickly realize ROI on their purchasing and procurement systems, along with the benefits of the Perfect Commerce On-Demand model, allow companies to save millions of dollars in spend and dramatically improve their purchasing process," said Sandy Kemper, Chairman and CEO of Perfect Commerce. The strong quarter came in part from the adoption of the centerpiece of the Perfect Commerce solution suite, The Open Supplier NetworkSM (OSN). As the largest independent supplier network in the world, the OSN delivers efficient trading partner connectivity and content. Kemper noted, "The OSN continues to expand rapidly. With 8,000 suppliers, 160,000 users and over 21 million SKUs of content, companies continue to increase their use of the network to realize even greater efficiencies in their procurement process."

New clients range from one of the country's most prominent financial institutions, two new customers in the insurance industry, two Fortune 500 agriculture-sector businesses, two Fortune 500 transportation services companies, two technology consulting firms, to a financial services company, a workplace uniform supplier and a national consumer-brand bakery.

Renewals and Extensions Contribute To Company's Strong Growth
The 49 clients renewing or extending their relationship with Perfect Commerce cover a wide range of industries. The Fortune 500 and Global 2000 companies operate in the financial services, insurance, banking, pharmaceutical, entertainment, technology services, manufacturing, chemical, mining, energy, health care, baking/food production and automotive industries.

Among the companies extending their relationship with Perfect Commerce is Unisys, a worldwide information technology services and solutions company. Leveraging the e-sourcing capabilities of the Perfect Commerce Solutions Suite, Unisys Global Procurement has deployed Event Manager in the United States, Latin America, Asia Pacific and Europe. "Unisys uses Perfect Commerce solutions for a variety of reverse auction and eRFx events for supplies and services ranging from IT hardware and software, professional and temporary services, to office and operational supplies," said Brad DeHart, Unisys Strategic Sourcing Manager.

Successful Launches Cut Across a Wide Spectrum of Industries
In addition to the implementation of Perfect Commerce solutions in the education arena and pharmaceutical industries, Perfect Commerce reported that Behr America, a subsidiary of the $3.2 billion international automobile systems partner Behr GmbH, has launched Perfect Commerce Procurement Manager. A specialist in automotive air conditioning and cooling systems, the Behr Group is one of the world's leading manufacturers and suppliers of OEM for passenger and commercial vehicles. The Perfect Commerce program was kicked-off at the Dayton, OH facility with plans underway to expand to five additional US locations by year end.

Leading SRM Provider to Major Business Sectors
The company now serves a broad cross section of Global 2000 and Fortune 500 clients with significant presence in the Oil/Gas/Chemical, Financial Services, Automotive, and Consumer Package Goods industries. With 18 customers in the Financial Services sector, 12 Automotive, 6 Consumer Package Goods and 12 Oil/Gas/Chemical clients, the company provides unparalleled experience to businesses within these industries.

About Perfect Commerce, Inc.
Perfect Commerce delivers world-class On-Demand SRM solutions and the Open Supplier Network, with more than 120 Global 2000 clients, 160,000 users and 8,000 suppliers. Perfect Commerce is focused on maximizing the buyer-supplier relationship and has enabled large volumes of transactions and savings for its clients. In 2003, the company's consolidated purchasing transaction volume exceeded 3.5 million with dollar volumes reaching $3.6 billion. The company's solutions have helped customers reduce costs by more than 15 percent, compress cycle time by up to 75 percent and significantly enhance the buyer-supplier relationship. Headquartered in the metropolitan Kansas City area, Perfect Commerce can be reached by phone at 877.871.3788 or via the Internet at www.perfect.com.

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