CombineNet, MindFlow Form Strategic Alliance to Deliver Leading Sourcing and Inbound Supply Chain Analytic Solutions to Global 2000 Companies

Leaders of Sourcing and Transportation Optimization Technologies Partner to Offer the Best-of-Breed Sourcing Platform for Complex Supply Chain Verticals

PLANO, TX—November 15, 2004

MindFlow Technologies, Inc., the pioneer of Strategic Sourcing automation, today announced an alliance with CombineNet to provide best-of-the-breed sourcing solutions for manufacturing, retail, process and distribution verticals. The relationship delivers a platform capable of handling any complex sourcing category for firms in the target industries.

With shifting manufacturing capacities and tight transportation, supply network planning is critical to understanding supply chain options, consequences and solutions. Global manufacturers are beginning to evaluate their supply network more frequently. Quarterly evaluation of tough sourcing and transportation requirements has sourcing professionals demanding systems and processes that can handle these extreme complexities. CombineNet-MindFlow sourcing solutions enable optimized scenario planning with unprecedented "what-if" analysis capability.

MindFlow's category domain expertise together with CombineNet's REV™, the market's leading optimization technology, delivers 'power sourcing' for maximum value capture," said Tony Bonidy, president and CEO, CombineNet.

MindFlow powered by REV will deliver sourcing decision models for direct, indirect, freight, capital goods and services spend categories. The collective solution blends product-enabled methodologies with implementation, integration, customization and infrastructure support for new and existing customers.

CombineNet and MindFlow are well known in North America and Europe for strength in sourcing and transportation with world-class optimization-based analytics. The team can immediately and efficiently deliver total sourcing solutions globally to meet the increasing demand by supply chain organizations for dynamic Demand Driven Supply Network solutions.

Expressive Bidding™ by CombineNet coupled with MindFlow's patented technologies, category domain knowledge and proven sourcing processes, demonstrated through our marquee global customer base, is now immediately available internationally through fully trained sourcing expert teams," said Jay Reddy, CEO, MindFlow.

The alliance leverages CombineNet-MindFlow sourcing leadership to enable competitive advantage and significant decision-making for problems like:

• Where to source materials from, using which suppliers and supply locations to which ship-to locations
• What transportation to use
• What is the optimal number of suppliers, supply locations, freight carriers
• Balance lower labor costs of offshore sourcing with higher transportation and inventory costs
• Assembly and processing choices
• Define the optimal number of distribution centers

The partnership delivers the most powerful sourcing analytic platform available, capable of handling any complex sourcing category. Supply chain and sourcing teams will be armed with patented technologies, category domain expertise, proven sourcing processes and leading optimization analytics to ensure superior performance, improved competitive advantage.

About Mindflow Technologies

MindFlow Technologies helps companies save time, save money and reduce risk with leading Strategic Sourcing applications. Large and small companies accelerate e-sourcing initiatives with MindFlow's complete sourcing automation, essential decision intelligence and deep domain, category expertise. The MindFlow Sourcing Suite™ is the premier end-to-end sourcing platformcomprehensive spend analysis, event management, sourcing analysis, supplier development, contract management, performance reporting and sourcing compliance. In close partnership with marquee customers, MindFlow has sourced billions of dollars in direct and indirect categories and enabled many millions of dollars in cost reductions. MindFlow Technologies headquarters is located at 6504 International Parkway, Plano, Texas. For more information, visit www.mindflow.com.

Media Contacts:

Greg Holt
CombineNet Inc.
Director of Marketing
Phone: 412.471.8200
gholt@combinenet.com

Diana Murray
Mindflow
Phone: (972) 930-9988
diane.murray@mindflow.com