Verticalnet Selects SecureSheet for Lead Tracking

Downingtown, PA, June 16, 2006 - SecureSheet™ Technologies, LLC, a leading provider of multi-user online spreadsheet solutions, today announced that Verticalnet, Inc., has subscribed to the SecureSheet solution for automating lead tracking of it's global Sales Force. Verticalnet selected SecureSheet in order to achieve an automated, shared and hosted view of sales lead information accessible anywhere in the world by its sales team.

"As the number of our leads increases for our global and disparate sales force, it has become more difficult to manage lead activities," said Mr. John McNeill, Senior VP of Sales for Verticalnet. "We determined that automating this tracking process over the web would allow immediate access of real time data for an account executive located anywhere. After a thorough search of the market, we concluded that SecureSheet provided us with the best technology to create this shared, web-based view of our leads."

Verticalnet is the latest of a growing number of SecureSheet customers who seek an automated approach to sales lead tracking and sales pipeline reporting. "We are pleased to add Verticalnet to our growing list of publicly traded customers," said Mark Byrd, Co- Founder of SecureSheet. "By turning existing spreadsheets into web-based, multi-user applications , SecureSheet offers Verticalnet an automated approach for sales force lead tracking which eliminates the constant emailing of data between individuals. It also eliminates cutting, pasting and consolidation of data, version control issues, and provides a single, integrated, real time view of all leads."

About Verticalnet

Verticalnet is a leading provider of supply management solutions. Going beyond traditional spend management and sourcing approaches, Verticalnet's solutions provide the visibility, insight and control required to identify, realize and sustain value from supply management initiatives.

About SecureSheet

SecureSheet Technologies, LLC is a privately held company which began in 2003 with a vision for creating a simple way for businesses to communicate more effectively. Leveraging existing technologies, and focusing on easy adoption for users, SecureSheet has transformed the ordinary spreadsheet into secure, multi-user, web based, business applications. To learn more, please visit us at www.securesheet.com.