SOURCE: CommerceHub

September 12, 2005 09:00 ET

CommerceHub Furthers Market Leadership With Key Milestone Achievements in 2005

Increased Transaction Volume and Supplier Connections Are Key Signs of Continued Success for Fulfillment and Integration Solutions Provider

LAS VEGAS, NV -- (MARKET WIRE) -- September 12, 2005 -- Annual Summit -- CommerceHub, a leading provider of fulfillment and integration solutions for retailers operating in multi-channel environments, today announced record success for 2005 to date. Customer wins, extended contracts, as well as increased transactions and supplier connections all factor into CommerceHub's continued market leadership.

Revenue growth for CommerceHub is up by 50 percent, with an increase in transaction volume from 3.5 million in August 2004 to 5.3 million through the first eight months of this year. The company also surpassed its two thousandth supplier connection, which is more than double the number of connections made at this time last year.

"We are delighted at the progress made over the past eight months," said Frank Poore, president and CEO of CommerceHub. "With our network of retailers and suppliers continuing to grow at a rapid pace, we are well positioned for additional success as we approach Q4 and the crucial holiday season."

In addition to the strong growth of its network, CommerceHub extended its value to customers earlier this year with the release of a Partner Relationship Management application, a first for the retail supply chain market. The new application provides users with increased visibility and insight around fulfillment network performance, allowing retailers to establish better trading relationships and to manage supply chains with greater efficiency.

CommerceHub also continued to build its customer roster through an expansion of its engagement with leading warehouse operator, Costco, including the addition of Costco's Canadian operation as a customer. Leading consumer electronics retailer Circuit City, among others, selected CommerceHub for its drop-ship solution earlier this year.

As the industry of multi-channel retailing matures, retailers consistently look to CommerceHub for its leading drop-ship solution.

About CommerceHub

CommerceHub is the industry's leading provider of fulfillment and integration solutions for retailers operating in multi-channel environments. A proven pioneer and visionary in drop-ship integration solutions, CommerceHub provides a universal platform for connecting with suppliers of all shapes and sizes and managing the delivery of goods regardless of the fulfillment model and back-end systems involved. CommerceHub delivers both real-time visibility into the supply chain and advanced, exception-based management applications to overcome the complexities associated with multi-channel retailing and ensure that orders reach their end destination in the most efficient manner possible without sacrificing quality or service levels.

CommerceHub's any-to-any translation and integration platform allows every supplier to become 100% compliant with its retail partners' specifications regardless of disparate IT systems and capabilities. The company's drop- and bulk-shipping integration solutions facilitate a dramatically improved fulfillment process, resulting in significant savings and improved customer service for retailers and merchants.

With nearly a decade of experience working with Top 25 retailers and a wide array of major brand name suppliers, CommerceHub manages nearly $1 billion in goods annually on behalf of such industry leaders as Costco, QVC, Staples, Circuit City, eToys, Kmart, Macys, Sears, Target, Walgreens, Dell, Toshiba, Sanyo, Minolta, Gateway and Little Tikes.

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