BIDBRIDGE PRESENTS ON REVERSE AUCTIONS IN WASHINGTON, DC AT INVITATION OF EXECUTIVE OFFICE'S FEDERAL PROCUREMENT POLICY DEPARTMENT

FOR IMMEDIATE RELEASE:
Thursday, July 17, 2008

Louisville, KY — BidBridge President, Clay Masters, was asked to present to the Office of Federal Procurement in Washington DC on July 24th. He participated in the Online Procurement Services (OPS) study on reverse auctions. The Office of Federal Procurement conducts an Industry Day to solicit the views of the service providers, like BidBridge, who have experience providing reverse auctions to the government and to study the benefits obtained by using Reverse Auction tools.

Masters addressed questions created by the Commercially Available Online Procurement Services (CAOPS) Team and showed a demonstration of the BidBridge platform. "BidBridge is honored to share our knowledge and to be recognized as an industry leader of reverse auctions," said Masters.

The Office of Federal Procurement CAOPS working group is currently studying the following:

• Compiling lessons learned from agency procurements that used online procurement services.
• Creating and issuing an OFPP Best Practices Guide for using online procurement services.
• Developing a model requirements document to support acquisitions for these services.
• Drafting any FAR changes that may be needed to increase the effective use of online procurement services.
• Obtaining information from the private sector on their use of online procurement services.

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BIDBRIDGE MOVES TO NEW LOUISVILLE HEADQUARTERS, SIGNIFICANTLY INCREASES BUSINESS IN 28 STATES

Locally Headquartered Company Experiences Growth by Providing e-Procurement Services to Public and Private Sectors; Company Adds 8 New Employees Since January, 2007

FOR IMMEDIATE RELEASE:
Tuesday, July 8, 2008

Louisville, KY — One year after transitioning to a new name, new business model and new management team, BidBridge has attained unprecedented growth by providing procurement officials with ever-tightening budgets, a reverse-auction platform within which prices are driven down by supplier competition. Working primarily with municipalities, educational institutions and school districts, BidBridge has gone from managing online auction events for its clients in four states in January, 2007, to over 28 states in 2008 including Hawaii and Canada.

With its rapid growth, BidBridge has added 8 new employees since January 2007 (bringing its total number to twelve) and has recently relocated its headquarters from Breckenridge Lane to the award-winning IMAAGE building at 7501 New LaGrange Road. BidBridge is occupying 5,000sq. ft. on the second floor of the building.

The concept of BidBridge was originally developed by procurement and government services experts in 1999 under the name AMT. After an acquisition by a Louisville, Kentucky-based investment group, BidBridge was officially incorporated in 2007. As part of the complete asset purchase, a new management team led by President Clay Masters, new business model, and new name were instituted.

Since January 2007, BidBridge has rapidly grown to become a leading provider of procurement solutions to over 350 professional purchasing organizations. Significant cost reductions and procurement efficiencies have allowed BidBridge’s buyers to save millions of tax payer, corporate and investor dollars, ultimately producing a positive effect on shrinking purchasing budgets. In the first two quarters of 2008 alone, BidBridge has had more volume and more revenue than the years 2005, 2006, and 2007 combined.

BidBridge is utilized in both the public and private sectors, including state governments, cities, towns, municipalities and the medical, educational and corporate sectors. The company’s growth in 2007-2008 has been achieved through a partnering effort with 26 Authorized Agents working with professional purchasing organizations to assist in achieving true market value on critical, large purchases. These important results are essential in a tightening economy and provide effective cost controls and an enhanced bid process for both buyers and suppliers.

BidBridge posts an updated list of its upcoming auction events online, as well as information about the company and an event inquiry form for potential buyers. All information can be found at www.bidbridge.com.

About BidBridge
BidBridge officially formed in 2007; however, the concept was initially developed between investors, procurement and government services experts in 1999. The company, headquartered in Louisville, Kentucky, provides e-procurement services to both the public and private sectors, including cities, towns, municipalities and the medical, educational and corporate sectors. Through its competitive sourcing and online procurement system, BidBridge assists its buyers in achieving true-market value for the goods and services needed for ongoing business operations. Significant cost reductions and procurement efficiencies have allowed BidBridge's buyers to save millions of tax payer, corporate and investor dollars, ultimately producing a positive effect on compressed budgets. More information on BidBridge and its services can be found at www.bidbridge.com or by calling (877) 245-8880.

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