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ForestExpress Signs with Corio Inc. to Complete Technology Infrastructure

Press release from the issuing company

ATLANTA – ForestExpress, a global e-commerce marketplace dedicated to the paper and forest products industry, has chosen Corio, Inc. (NASDAQ: CRIO), a leading application service provider, to provide e-Business capabilities and hosting services over a secure network. Corio is the final addition to the list of ForestExpress’ world-class infrastructure solutions providers: Commerce One and SAP Markets, webMethods, and Moai Technologies. "Corio brings a world-class hosting infrastructure that completes ForestExpress' technology infrastructure," Bob Renner, Chief Technology Officer of ForestExpress. "With Corio’s application expertise and the neutrality they offer as an ASP, ForestExpress can focus on operational excellence and our strategic product offerings to effectively deploy our e-commerce marketplace with efficiency and with a superior security system for the benefit of ForestExpress customers." "Our success will largely be driven by a coordinated effort to bring together our industry knowledge and the technical skills required to support the complex technology behind the exchange," said Renner. "Partnering with world class organizations such as SAP, Commerce One, webMethods, Moai Technologies and Corio will serve as strategic drivers in completing ForestExpress’ e-marketplace infrastructure." Corio’s capability to host MarketSet, a solution jointly developed by Commerce One and SAPMarkets, in addition to Moai’s LiveExchange softwares, provides a unique feature in this innovative integration solutions agreement. MarketSet combines Commerce One's leading e-marketplace infrastructure and B2B solutions with top-rated SAP e-business applications. The joint offering combines e-procurement with collaborative services for trading communities. "We are excited to be able to take part in ForestExpress’ success," said George Kadifa, CEO and president of Corio. "Our Infrastructure on DemandTM is a critical component to enabling the rapid and economical deployment of ForestExpress and other sophisticated trading exchanges. Our experience with these complex solutions has propelled Corio as the ASP leader for hosted e-marketplaces."