Press Release

eBid Systems announces the release of eBid eXchange, an on-demand procurement program for small and medium-sized business and government.

Seattle, WA - August 6, 2004 – eBid Systems is pleased to announce the release of eBid eXchange, a configurable, hosted procurement application that provides powerful capabilities for vendor database management and the sourcing of goods and services. eBid eXchange empowers small- and medium-sized businesses and government agencies with affordable procurement tools previously only available to large organizations.

eBid eXchange serves as a paperless vendor communications portal, providing the buying organization with on-demand tools for self-service vendor registration, request for quote distribution, receiving and responding to questions, and online bidding. eBid eXchange dramatically reduces the cost of document distribution and vendor communications with an integrated package of inbound and outbound communication tools, including electronic documents, Web forms, e-mail and fax. eBid eXchange saves days or weeks from a typical procurement schedule to get contracts awarded faster. Instead of spending time on paperwork associated with purchasing activities, users can spend time on more strategic activities.

eBid eXchange delivers on the promise of software as a service, without the cost and time required for a typical Web-based software implementation. Users can setup, configure, and manage their private vendor portal with simple tools that allow definition of business rules and content management. Pricing starts at $50 per month per user and a 15-day free trial is available for test and evaluation.

About eBid Systems - eBid Systems provides an integrated suite of contract sourcing and management solutions to industry and public agencies. Contact eBid Systems at 206-855-8430 or visit our Web site at www.ebidsystems.com.