Philip Morris to Standardize its Sourcing Processes Worldwide

ATLANTA (December 8, 2003)- Procuri, Inc., a leading provider of strategic sourcing solutions, today announced a three-year agreement with Philip Morris International Management SA. The organization chose Procuri's self-directed solutions to streamline sourcing processes for a number of its affiliates worldwide.

Procuri's accessible sourcing solutions and services will be used by Philip Morris International to maintain control of its sourcing process in order to achieve time and cost savings objectives. The organization has begun its worldwide rollout by training 40 buyers in Europe.

"Procuri sourcing solutions provide companies with the power to institutionalize best sourcing practices enterprise-wide. We are pleased to offer companies collaboration tools that foster a streamlined communication process with suppliers while generating time savings," said Mark F. Morel, Sr., Procuri's President and Chief Operating Officer. "The agreement with Philip Morris International represents the execution of our main goal at Procuri of supplying companies with an accessible, self-directed means to achieve their sourcing objectives."

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