PALO ALTO, CA - August 14, 2000 - Noosh, Inc., (www.noosh.com) a leading provider of collaborative, online supply chain solutions today announced that customer transaction volume in the second quarter of fiscal 2000 was triple that of the first quarter. Since January 1, 2000, completed orders valued at more than $20 million were processed from conception to delivery on the noosh.com service. In addition, the service processed on average, completed orders valued at more than $1 million per week during the month of July.

As a result of usage by Fortune 500 customers such as General Electric, Bank of America, Aetna and Cigna, Noosh experienced record growth in the second quarter of fiscal 2000. The commercial launch of the noosh.com service took place in September 1999 and by the end of the fourth quarter of fiscal 1999, more than $1.5 million of orders were processed to completion on the service. Viral growth and usage continued to increase and transaction volume doubled to more than $3 million in the first quarter of fiscal 2000 and then tripled to $9.2 million in the second quarter.

In addition, the number of companies actively using the noosh.com service jumped from 69 in the first quarter of fiscal 2000 to 134 in the second quarter.

The increase in transaction volume and customer usage can be attributed to several factors: Considerable enhancements to the service; rapid enterprise-wide deployment by Noosh customers; and the benefits of supply chain collaboration.

Enhancements to noosh.com:
Since its commercial launch in September of 1999, increasingly enhanced versions of noosh.com have been released every six to eight weeks. Most of these enhancements were suggested and defined by customers. "Noosh has always been very good about listening to Bank of America, and their incorporation of our enhancement requests has enabled us to further increase the benefits that we are receiving from the noosh.com service," said Sue Ward, vice president of commercial print, Bank of America. Originally the service included specifications for basic print jobs; it now includes specifications for ordering print products, prepress, direct mail, and envelopes as well providing for the management of multi-job projects and the ability to produce detailed management analysis reports. The latest release, version 32, brought improved performance and navigation as well as 30 customer enhancement requests to the award-winning service.

Enterprise-Wide Deployment:
Companies like Bank of America, Aetna, Cigna, West Group and General Electric are now ramping up enterprise-wide deployments and encouraging all of their print suppliers to utilize noosh.com. "We believe that the tools and technology we found in Noosh will enable us to substantially reduce the cost of procuring print services. In fact we were able to roll it out almost instantaneously," Jerome C. Marcus, managing director, GE Equity.

Benefits of Supply Chain Collaboration
Noosh was designed for inter-company and outside supplier collaboration and communication. Within their buyer, supplier and agency customer base, Noosh now has more than 1000 individuals with accounts. "Streamlined communications, common specifications and the ability to compare estimates given in a standard format allow us to complete projects in less time," said Virginia Flo, marketing production manager, West Group. "We have experienced incredible time savings. Estimates that used to take days to receive are now done in hours."

"Noosh is dedicated to listening to our customers and the increased volume we have seen is positive feedback that we are on the right track," said Ofer Ben-Shachar, chairman and CEO of Noosh, Inc. "As we celebrate the one year anniversary of the noosh.com launch in September, we look forward to expanding our user base and providing further service enhancements for all of customers."

"To triple our usage and almost double the number of active companies on the system is a great accomplishment for Noosh and we are pleased to be exceeding our viral growth expectations of the service," said Dave Hannebrink, senior vice president of marketing and business development, Noosh, Inc. "We have a premier group of customers who provide us with tremendous feedback and we plan to continue our tradition of continually upgrading the system by co-developing noosh.com with our users."

About Noosh, Inc.
Noosh, Inc. (http://www.noosh.com) was founded in 1998 with the goal of creating the industry's leading business-to-business Internet-based communication and collaboration service for managing enterprise communications such as print, electronic media, creative services and direct mail. Noosh.com, powered by Live Jobs^SM collaborative technology, is designed to help dramatically improve the process of buying, selling and managing enterprise communications. Leveraging the power of the Internet, noosh.com helps strengthen buyer-supplier relationships by providing a collaborative environment where corporate buyers, printers, creative agencies and others in the supply chain of vendors can work together efficiently to manage complex enterprise communications projects from conception to delivery, in real time.

Noosh and Live Jobs are the trademark and service mark, respectively, of Noosh, Inc. Other trademarks appearing in this release are the property of their holders.