San Diego , CA , January 01, 2008 – FurnishNet, the industry’s leading electronic transaction exchange service, reported a record 1,166,155 purchases processed through its exchange service in 2007 - representing a 13 percent increase in purchases processed in 2006 as the company continues to grow its network of trading partner participants.

The company began 2007 with 750 manufacturers connected through its service, and ended the year with 1,257 for a 67 percent total increase from 2006. A total of 1,417 trading partners are now connected through FurnishNet and includes 45 of the top 100 home furnishings retailers in the nation. Recently connected manufacturers include:

• American Leather
• Chintaly Imports
• Drexel Heritage
• GE Industries
• Ital Sofa
• Stanton
• Vicky’s Furniture

With the ever-increasing number of purchases being exchanged electronically through its network, the company estimates significant savings for its trading partners. Industry analysts estimate that by electronically processing purchases, trading partners save from $50 to $85 per purchase versus manual fax and data entry processing. Using those industry-accepted figures, the company estimates savings of $58 million to $99 million for its trading partner network in 2007.

By integrating web applications, electronic data interchange (EDI), XML and email into a unique "Any-to-Any" exchange, the FurnishNet electronic transaction exchange service translates over 300 different business documents into appropriate formats for the immediate electronic flow of information between business partners of any size, running on any corporate system.

“FurnishNet enables home furnishings retailers and manufacturers to communicate faster and more efficiently, and the growth of our business makes this process even easier,” said Ron Sellers, Vice President, FurnishNet. “Throughout the past year, we’ve seen a tremendous increase in our number of trading partners that we attribute largely to the satisfaction of our existing customers, and we’re confident that retailers and manufacturers will continue to see value in our services.”

About FurnishNet

The FurnishNet solution integrates Web applications, electronic data interchange (EDI), XML, and e-mail into a unique "Any-to-Any" exchange for the processing of over 300 transaction types electronically between trading partners. The most common transactions types processed electronically include purchase orders, purchase order acknowledgements, advance ship notices, and invoices. FurnishNet is able to translate data files into appropriate formats for the electronic flow of information between trading partners of any size, running on any corporate system. Because the FurnishNet service is able to transfer data without the use of a VAN, the need for expensive EDI mapping software as well as a traditional EDI VAN network are eliminated, thereby reducing expenses and simplifying connectivity.

Over 1,400 of the nation’s leading retailers and manufacturers are using FurnishNet’s electronic transaction exchange network to streamline their supply chains. For more information, please call 1-800-854-2263, ext. 2525, or visit www.furnishnet.com and take the Self-Guided Tour.

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