VERTD Verticalnet (MM)

Verticalnet, Inc. (Nasdaq:VERTD), a leading provider of on-demand supply management solutions, today announced that on July 5, 2006, it was notified by the Nasdaq Listing Qualifications Panel that the Company had achieved compliance with all Nasdaq Marketplace Rules for continued listing on the Nasdaq Capital Market, including the $1.00 per share minimum bid price requirement. Accordingly, Verticalnet's request for the continued listing of its securities on the Nasdaq Capital Market was granted. "We are pleased to remain on the Nasdaq Capital Market and to have received notice of full Nasdaq compliance," stated Nathanael V. Lentz, President and CEO of Verticalnet. "Our Nasdaq listing is important to our shareholders as well as to our customers, vendors, and employees. With this important determination behind us, we are able to continue to focus on delivering value to our customers, to signing new customers, and to continuing our efforts to deliver leading supply management solutions to the market." 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