Noosh, Inc., a leading provider of collaborative, online supply chain solutions, today announced that customer transaction volume in the third quarter of fiscal 2000 grew to $16.1 million, from $9.2 million in the second quarter of fiscal 2000, and $3.0 million in the first quarter of fiscal 2000. For the month of September, the noosh.com service processed approximately $7.5 million in transactions. "Behind these numbers are the great customers who were able to deploy Noosh rapidly as their e-business collaboration service and realize Noosh benefits," said Ofer Ben-Shachar, president and CEO, Noosh, Inc. "Noosh has always been committed to customer needs, and we are thrilled that Noosh collaboration technology and implementation methodology is helping customers achieve rapid liquidity and results." The number of companies actively using the noosh.com service jumped from 134 in the second quarter of fiscal 2000 to 196 in the third, and the number of jobs has increased from 1719 to 4253. GE Capital, a wholly owned subsidiary of the General Electric Company, now has 10 business units using noosh.com to manage their spending with 76 suppliers of enterprise communication products - print, packaging, direct mail, electronic media and creative services. Wells Fargo Bank is targeting 20% to 30% reduced print spending by using Noosh to enable over 90 of their staff members to collaborate with over 40 print and direct mail suppliers. "We are very pleased to see the usage ramp that occurred over the 3rd quarter", said Jerome Marcus, Managing Director of GE Equity. "With transaction volume more than doubling each month from July through September, we are really seeing the benefits of the Noosh solution across GE Capital." "Noosh has helped us grow our share of our leading customers' business", said Bruce Frost, Managing Director, ColorGraphics. "With noosh.com, we are able to collaborate with them a lot more closely, turn jobs around quicker, and increase customer satisfaction."