Record third quarter business leads to increased activity and establishes FurnishNet as the industry's largest provider of electronic document exchange services

SAN DIEGO, CA -FurnishNet today announced that it has connected to more than 250 manufacturers, making it the largest provider of electronic document exchange services for the home furnishings industry. Recent signings of new retail customers including C.S. Wo and Sons, Mattress Giant, and Sleep Country USA have driven the momentum behind the additional manufacturer connections, and FurnishNet estimates that it is on schedule to reach 500 manufacturers by the first quarter of 2003.

"We had a record third quarter with all of our new retail contracts," said Ron Sellers, FurnishNet's Vice President of Sales. "Retailers are finding value in eliminating paper-based transactions and improving order accuracy for faster delivery and reduced expenses. For the manufacturer that already has an investment in EDI, we're simply connecting to their infrastructure to reduce manual errors and lower operational costs."

Other retailers that have recently signed with FurnishNet include Hurwitz Mintz, Ivan Smith Furniture, Linders Furniture, Miskelly Furniture, and Phillips Furniture. These retailers have driven FurnishNet to connect to additional manufacturers, such as Hickory White, Richardson Brothers Company, and Rivers Edge Furniture Company.

FurnishNet's solution for Transaction Management speeds the accurate transmission of purchase orders, purchase order acknowledgements, advance ship notices, and invoices. By integrating e-mail, web applications, electronic data interchange (EDI), XML, and faxed-based processes into a unique "Any-to-Any" exchange, FurnishNet is able to translate the information into the appropriate format for the immediate electronic flow of information between business partners of any size, running on any corporate system.

About FurnishNet
With more than 300 trading partners and over $1.5 billion in contracted purchase order volume, FurnishNet is the leading provider of Internet-based supply chain solutions for retailers, manufacturers, and suppliers in the home furnishings industry. FurnishNet's solutions for Parts Management and Transaction Management provide a cost-effective alternative to EDI, and help trading partners to streamline communications, reduce errors, and save hard costs. For more information, visit www.furnishnet.com.