August 12, 2003

Perfect Commerce Reports Outstanding Second Quarter
Company achieves huge success with 20 new customer wins

Kansas City, Mo. August 12, 2003
Perfect Commerce, Inc. reported today that it continues to accelerate sales with broad customer adoption for the company's On-Demand Supplier Relationship Management (SRM) solutions. The company signed twenty new customer agreements for the second quarter. The addition of these twenty agreements gives the company over 110 Global 2000 customers.

"The large number of new customer agreements is a tribute to how well we are able to meet the critical SRM needs of the market with a unified solution," said Sandy Kemper, chairman and CEO of the new Perfect Commerce. "We are having outstanding success in building our sales pipeline and closing new customer agreements. We are seeing adoption across our entire set of On-Demand SRM solutions ranging from strategic sourcing and procurement to electronic invoice presentment, payment, and financing," added Kemper. "We are particularly pleased with the success of the Open Supplier Network^™," concluded Kemper.

"The huge number of customer wins is an indicator of the underlying focus of the sales team and the benefits customers receive with the tight integration across our SRM solutions," said James McCormick, President and COO. "Our customer satisfaction continues to improve as we are shortening the time it takes for our customers to realize dramatic savings that are generated by our solutions," added McCormick.

About Perfect Commerce, Inc.
Perfect Commerce delivers leading SRM solutions and the Open Supplier Network^™. Perfect Commerce has more than 110 Global 2000 clients, 135,000 users and 7,500 suppliers. Perfect Commerce is focused on maximizing the buyer - supplier relationship and has enabled large volumes of transactions and savings for its clients. In the first half of 2003, the company's consolidated purchasing transaction volume exceeded 1.8 million, with dollar volumes reaching nearly $1.9 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 area of Kansas City, Missouri, Perfect Commerce can be reached by phone at 866-889-8533 or via the Internet at www.perfect.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements contained in this release include statements about future financial and operating results and the proposed merger.

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