Iasta Releases SmartSource 6.1
New version of application greatly increases project management functionality

Indianapolis, IN, November 15, 2004

Iasta.com, Inc., a leading provider of e-Sourcing tools for the Global 3000, today announced that it has released its latest application version. Developed since the release of 6.0 in spring of 2004, the new version boasts a variety of new tools to improve project management and workflow throughout the sourcing process.

This new product release is available to all current Iasta clients and was developed to increase the breadth of the Iasta SmartSource^TM solution towards a total strategic sourcing tool. Users now have a large number of new, integrated features to assist in project collaboration within the organization and supplier milestone tracking during the sourcing project. This marks the second major release of the Iasta SmartSource^TM application of the year.

"Iasta has been making technology improvements for two years to provide a valuable component of the strategic sourcing process beyond online bidding events. This is an important part of our overall strategy to diversify the product and increase its value to all companies," said David Bush, Vice President of Business Development.

New Features Include:

• Gantt charts to visualize the project's sourcing timeline
• Calendar views to keep track of daily activities
• Trigger-based tasks and reminders, with automatic e-mail sending
• Milestone tracking for suppliers and internal project team members
• Strategic sourcing templates for best practice adoption

About Iasta

Iasta is a leading global provider of sourcing software and service solutions located in Indianapolis. As a significant and emerging provider of e-Sourcing applications and services, Iasta has amassed an impressive client list of over 60 companies, most of which are within the Global 1000. Through its unique combination of industry-leading web-based software, in-depth supply market information, and implementation of sourcing best practices for supply chain management, Iasta has helped customer's source goods and services with an average cost reduction of 17%, in addition to significant reductions in sourcing cycle times. For more information about Iasta, please visit www.iasta.com or call 317.594.8600.

Iasta is a trademark of Iasta.com, Inc. All other products and brand names are trademarks or registered trademarks of their respective owners.

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