Iasta Releases SmartSource 6.0
New version of application delivers increased ease-of-use for administrators

Indianapolis, IN, April 30, 2004

Iasta.com, Inc., a leading provider of e-Sourcing tools for the Global 3000, today announced that it will release its latest application version on May 3rd. After nearly a full year of design, development, and testing, Iasta is proud to offer a new revolution in e-Sourcing: SmartSource 6.0. Built upon Iasta's acclaimed Scorpion Sourcing technology, SmartSource is a new breed of e-Sourcing power and ease of use.

The new release was driven completely by client requests and an effort to increase the user experience from both the administrator and supplier perspective. New tools to streamline the sourcing process were implemented, with a special focus on training and ease of use from both sides of the user experience.

"We have been overwhelmed by the positive feedback we have received by our client beta team over the past few months. It is very clear that 6.0 is a major leap forward for Iasta and sets a new standard for the rest of the industry to reach," said Christopher Sansone, Chief Technology Officer.

New Features Include:

• A powerful new supplier portal site
• New Administrator Dashboard
• Improved support for the most complicated bidding event structures
• Additional spectator functionality
• Enhanced minimum bid decrements

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 40 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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