Press Release

August 6, 2004, Mclean, VA — Corcentric announced today it has signed an agreement with Transervice Logistics Inc., a nationwide provider of contract carriage, dedicated contract maintenance, and full service leases for transportation equipment. Corcentric is an e-commerce solution that enables companies to streamline their purchase to payment processes, thus significantly reducing procurement and fulfillment costs. This business transaction is a key success for Corcentric, a rising company in the eBusiness field.

“We have found the Corcentric system to be extremely effective and easy to use across all of our national locations,” explains Dennis Schneider, Vice President of Transervice. The agreement offers both companies the opportunity to successfully grow within the transportation industry. As a result of this deal, Corcentric obtains a prominent and nationwide company as one of its primary users. Transervice is presented by the Corcentric system with a way to more efficiently perform day-to-day business processes. The term of this agreement was set at five years, automatically renewing for 1 year terms following the fifth year.

About Corcentric
Founded in 1998, Corcentric delivers e-Commerce solutions that enable companies to gain significant cost efficiencies by digitizing their business-to-business transactions.

Using the Optimal eFlow system, Corcentric digitizes the Purchasing, Accounts Payable, and Accounts Receivable activities of the entire trading community without changing existing IT systems, business processes, or trading partners. By employing automated, real-time identification, analysis, and execution of transactions, Corcentric immediately reduces the costs associated with traditional Purchasing, Accounts Payable, and Accounts Receivable practices. Corcentric can help companies of all sizes advance towards the next generation of paperless integration.

If you are interested in the Corcentric solution or would like more information about the company, contact Dave Lindeen, Vice President, and Sales at (877) 790-7272, e-mail dlindeen@corcentric.com or visit the Website at www.corcentric.com.

About Transervice
Across the United States, Transervice serves major fleet accounts in the highly specialized areas of Dedicated Carriage, Full Service Leasing, and Contract Maintenance. These services are provided utilizing its current fleet of 15,000 vehicles. Tailored programs to meet specific needs of each customer play an important role in the growth of customer sales and profits. Maximized equipment usage, routing consolidations and maximizations, extended equipment service life, dedicated staffing, and financing strategies help each customer achieve business objectives.