VERT Verticalnet (MM)

Verticalnet, Inc. (Nasdaq:VERT), a leader in On Demand supply management solutions, today announced that for the third year in a row, procurement professionals and practitioners from many of the world's leading sourcing organizations gathered in Philadelphia, PA to celebrate and attend Verticalnet Summit 2006, Verticalnet�s annual customer and user conference. This year�s event was held at the Sofitel Hotel in the heart of historic Center City Philadelphia and boasted a speaker list of name brand companies and leading supply management practitioners. Presenters included representatives from PepsiCo, 3M, International Paper, Lexmark, Invensys, La Poste and many more. Unlike many customer conferences in the supply management space, Verticalnet Summit 2006, entitled Discover a New World of Opportunity, was open to a broad audience that included customers, prospects, partners and industry analysis to discuss Supply Management from a real world practitioner's perspective. Lead by keynote addresses from Mickey North Rizza of AMR Research and AberdeenGroup�s Vance Checketts, this business critical event highlighted practical ideas to drive effective sourcing initiatives, center-led procurement and supply management improvement in 2006 and beyond. The event was focused on driving collaboration among Verticalnet customers and provided an excellent forum for driving best practices and sharing insights on managing successful supply management programs. Attendees experienced an agenda of valuable presentations that highlighted success stories from the Verticalnet global customer community. Attendee Christine Miller of Watson Pharmaceuticals commented, �As a sourcing professional I received real value from the Verticalnet Summit, more so than other industry events because of the rich unfiltered content, and the opportunities to openly exchange best practices, network with my peers, and learn about practical ways to improve our supply management performance.� �Verticalnet Summit was truly a customer-centric event,� says Verticalnet CEO and President Nathanael Lentz. �We clearly understand that no one tells our story better than the Verticalnet global community. From identifying millions of dollars in savings in days instead of months, to the enormous benefits of driving adoption and compliance, our customers� results spoke for themselves. We are confident that everyone who attended Verticalnet Summit 2006 came away with a broadened prospective of what is possible in this, a new world of opportunity.� Sourcing professionals are realizing that to effectively navigate the new world of global supply management opportunities, simple e-sourcing tools are necessary, but no longer sufficient. To be successful in today's global marketplace, companies must identify potential suppliers across a diverse set of markets to determine which opportunities offer the greatest potential savings with the least amount of risk. At Verticalnet Summit 2006 practitioners from many of the world's leading sourcing organizations came together to focus on these and other critical business issues by sharing best practices, discussing supply management challenges and trends, and networking with industry peers. For information on the Verticalnet Summit 2006 speakers, agenda and events go to: www.verticalnetsummit.com. About Verticalnet Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet�s solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise. To learn more, please visit us at www.verticalnet.com Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC Verticalnet, Inc. (Nasdaq:VERT), a leader in On Demand supply management solutions, today announced that for the third year in a row, procurement professionals and practitioners from many of the world's leading sourcing organizations gathered in Philadelphia, PA to celebrate and attend Verticalnet Summit 2006, Verticalnet's annual customer and user conference. This year's event was held at the Sofitel Hotel in the heart of historic Center City Philadelphia and boasted a speaker list of name brand companies and leading supply management practitioners. Presenters included representatives from PepsiCo, 3M, International Paper, Lexmark, Invensys, La Poste and many more. Unlike many customer conferences in the supply management space, Verticalnet Summit 2006, entitled Discover a New World of Opportunity, was open to a broad audience that included customers, prospects, partners and industry analysis to discuss Supply Management from a real world practitioner's perspective. Lead by keynote addresses from Mickey North Rizza of AMR Research and AberdeenGroup's Vance Checketts, this business critical event highlighted practical ideas to drive effective sourcing initiatives, center-led procurement and supply management improvement in 2006 and beyond. The event was focused on driving collaboration among Verticalnet customers and provided an excellent forum for driving best practices and sharing insights on managing successful supply management programs. Attendees experienced an agenda of valuable presentations that highlighted success stories from the Verticalnet global customer community. Attendee Christine Miller of Watson Pharmaceuticals commented, "As a sourcing professional I received real value from the Verticalnet Summit, more so than other industry events because of the rich unfiltered content, and the opportunities to openly exchange best practices, network with my peers, and learn about practical ways to improve our supply management performance." "Verticalnet Summit was truly a customer-centric event," says Verticalnet CEO and President Nathanael Lentz. "We clearly understand that no one tells our story better than the Verticalnet global community. From identifying millions of dollars in savings in days instead of months, to the enormous benefits of driving adoption and compliance, our customers' results spoke for themselves. We are confident that everyone who attended Verticalnet Summit 2006 came away with a broadened prospective of what is possible in this, a new world of opportunity." Sourcing professionals are realizing that to effectively navigate the new world of global supply management opportunities, simple e-sourcing tools are necessary, but no longer sufficient. To be successful in today's global marketplace, companies must identify potential suppliers across a diverse set of markets to determine which opportunities offer the greatest potential savings with the least amount of risk. At Verticalnet Summit 2006 practitioners from many of the world's leading sourcing organizations came together to focus on these and other critical business issues by sharing best practices, discussing supply management challenges and trends, and networking with industry peers. For information on the Verticalnet Summit 2006 speakers, agenda and events go to: www.verticalnetsummit.com. About Verticalnet Verticalnet is a leading provider of supply management solutions that enable companies to identify and realize sustained value across the supply management lifecycle. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and process control required to maximize the sustained value realization from supply management. Large enough to help customers attain supply management success worldwide, yet nimble enough to provide individual attention and remain focused on customer priorities, Verticalnet is helping leading Global 2000 companies and mid-market enterprises move their supply management efforts to the next level through an optimal blend of software, comprehensive services, and deep category knowledge and domain expertise. To learn more, please visit us at www.verticalnet.com Verticalnet is a registered trademark or a trademark in the United States and other countries of Vert Tech LLC