PALO ALTO, Ca., -- April 30, 2001 -- Noosh, Inc. (www.noosh.com) a leading provider of award-winning e-Business solutions, and ICG Commerce, the world's first comprehensive procurement services provider (PSP), announced today a strategic alliance to offer innovative, mission-critical commercial print procurement solutions for mid to large-sized organizations. The alliance leverages ICG Commerce's procurement services that combine content and category expertise, extensive supply-base management and sourcing services with Noosh's comprehensive e-Print collaboration, training and implementation services. The complementary strengths of each company will deliver key benefits to their respective customer bases - further accelerating customers' return on investment. "After extensively evaluating several Internet procurement solutions, we found that Noosh offered a comprehensive service, combined with a depth of understanding about the print business and implementation savvy," said Greg Magrisi, Director of Strategic Sourcing, at ICG Commerce. "Our customers are seeking solutions to meet today's critical challenges in enterprise communications and we believe that Noosh is the best partner to help us deliver these services." The ICG Commerce - Noosh Offering The combined service is called, "ICG Commerce Commercial Print", and can be accessed by contracted customers through the ICG Commerce web site at: print.icgcommerce.com. The program is a combination of ICG Commerce and Noosh best-in-breed technology and the ICG Commerce Commercial Print Supplier Evaluation program, which provides customers with quarterly reviews of their supply base and direct print materials costs. The solution is currently live for ICG Commerce's customer base and since it is a true ASP it can be rapidly implemented on a global basis. "A recently completed research study by CAP Ventures, Inc. demonstrates the benefits of the Noosh solution to deliver hard cost savings, and in a short amount of time," said Charles A. Pesko, Managing Director, CAP Ventures. "Print procurement was a significant part of the company's overall expenditures; with Noosh the company is now on track to reduce its print spend by 20% and its operating expenses related to print procurement by 17.7%."