PNet V-8.0 to be Demonstrated at 2007 Client Forum

PNet Best Practices to be Presented by Customers

Red Bank, NJ

November 6, 2006 -- PurchasingNet, Inc., a Procure-to-Pay software solution provider for mid- to large-sized companies, will hold its 23rd Annual Client Forum, March 25-27, 2007 at the Walt Disney World Swan and Dolphin in Orlando, FL. This year, the theme will be "Planning for PNet V-8.0 and Beyond." Attendees will have the opportunity to:

• See PNet v-8.0 unveiled for the first time so they can start the planning process now.
• See demonstrations of all PNet v-8.0 eProcurement, ePayables and Financial Management software.
• Network with other PNet Clients and share experiences with people in similar industries.
• Hear Best Practices presentations from PNet customers.
• Meet one-on-one with the PurchasingNet Management Team and receive a first-hand look at the three-year PNet "Product Roadmap."
• Influence the future development of PNet by participating in the popular "Client Brainstorming Session." Cast your ballot for the new PNet features and functions you would like to see in the upcoming versions of PNet.
• Learn how "PNet Optimization" service can help increase your ROI.
• Attend hands-on training sessions.

In addition to learning more about PNet v-8.0, presentations will also be given by two of PurchasingNet's partner companies:

• Microsoft Helmsman FRx - a provider of budgeting and reporting software.
• Upside Software, Inc. - a provider of enterprise-level contract lifecycle management solutions.

The fee to participate in the 2007 Client Forum is $995 per attendee; however, those who register before November 30, 2006 qualify for a reduced registration fee of $895. To register, call Eileen Durkin at 732-212-1500 x 3170 or email Eileen.Durkin@PurchasingNet.com. For additional details regarding the event, please visit http://www.purchasingnet.com/forum.html.

About PurchasingNet, Inc.

PurchasingNet, Inc. is a leading provider of Web-based eProcurement and ePayables software to mid- and large-sized companies. The company has over 1,400 customers in Financial Services, Retail/Consumer Products, Professional Services, Media/Publishing and a variety of other industries.

Founded in 1983, PurchasingNet has focused exclusively on the development and implementation of Procurement and Payables applications since inception. In addition to building an extensive, blue-chip client base, PurchasingNet possesses deep domain expertise in Purchasing and Payables business processes. The average length of service at PurchasingNet is 8 years per employee.

PurchasingNet’s customers include Countrywide Financial, US Bank, Navy Federal Credit Union, American Financial Group, Liz Claiborne, HBO, EarthLink, Black & Decker, Kroger, and General Mills.

For Details, Contact:

Erinn Tarpey
Marketing Manager
PurchasingNet, Inc.
732-212-1500 x 3173