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PrimeRevenue Expands European Presence Supply Chain Finance Leader Opens Office in Prague

ATLANTA, GA, May 23, 2006 ― PrimeRevenue, Inc., the leading provider of Supply Chain Finance (SCF) solutions, today announced the establishment of an office in the Czech Republic. The Prague location follows quickly on the opening of the Paris office earlier in the year. It will offer working capital solutions, enablement and customer support in the rapidly growing European market.

“We are seeing a tremendous demand from leading Global 2000 companies in Europe looking for new ways to improve margins, reduce working capital and improve supplier relations,” said Joe Juliano, CEO, PrimeRevenue. “Our Prague presence establishes a solid base from which to meet growing customer requirements in Europe.”

“With in-depth knowledge of global markets and expertise in the financial supply chain, PrimeRevenue is uniquely positioned to assist treasury and procurement professionals throughout Europe to reduce costs, optimize capital use, and remove risk for all trading partners,” added Juliano.

“Our Prague staff will be focused on successfully implementing our supply chain finance programs throughout the region,” said Emmanuel Cuvillier, Vice President and General Manager, PrimeRevenue Europe. “Our entire European Delivery Team is dedicated to all aspects of client delivery and management.”

In response to accelerated growth in the SCF business and the growing need for automating working capital operations, PrimeRevenue plans continued expansion in the region with further sales, program management and operational staff.