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Orbis Online Creates Dynamic Pricing Environment
for Procurement Events

Orbis adds dimensions to the buyer-supplier relationship and
helps secure true market pricing during the procurement process.

San Antonio, Texas - June 10, 2002 - Orbis Online. Inc., announced today its web-serviced e-procurement solution, which is demonstrating average customer savings of 22 percent. Targeting organizations that do recurring purchasing of items in bulk quantities, that do occasional or periodic large-dollar procurements, and that use competitive bidding in the procurement process, Orbis provides expert services to create a dynamic pricing environment for procurement events. This helps the customer secure true market pricing.
"The goal of the procurement process is to get the appropriate product or service at the best price at the right time," stated Dr. James Strader, chief executive officer of Orbis Online. "Orbis brings extensive knowledge and expertise in dynamic pricing techniques, along with our technological tool suite, to facilitate real-time, reverse-auction events and optimize dynamic pricing results," Strader explained. "We can help establish strategic relationships to diversify global sourcing solutions and ensure a fair, transparent, competitive environment for both buyers and suppliers."

Focus on Pricing
Orbis focuses on the pricing element of the procurement cycle. While the company can advise its customers on various other steps in procurement, the value proposition is based on its ability to establish a true market price for products and services through competition and supply/demand-sensitive bidding.

In a real-time reverse-auction procurement event, opportunities for both buyers and suppliers are optimized. Orbis can help qualify new potential bidders, thereby enlarging the supplier pool and increasing the opportunities for competition. With bidding occurring online in real-time, suppliers can be more responsive and flexible, improving their opportunities to secure the business.

Bringing Transparency to the Procurement Process
In contrast to a hard copy, fax, or even e-mail response to an RFP, in which the bidder makes a best-guess offer that is static throughout the competitive bidding process, in online, real-time situations a supplier can reevaluate and adjust a bid in response to other bidders' offerings. Knowing what other bidders are proposing adds transparency to the process that a closed- or sealed-bid system cannot achieve. With access to real-time information, suppliers can quickly respond to competition in a neutral space. With Orbis Online's procedures, competitive bidders may see one another's bids, but their identities are not revealed. Once the procurement event is completed, the buyer may evaluate the bids, weigh the other variables to be considered, and then make the award.
Orbis Online can facilitate the procurement event as much or as little as the buyer wishes. Orbis can handle the entire process, but Orbis Online's patent-pending solution allows customers to set up and run their own auctions, if desired. Orbis' platform is web-based and platform-independent to ensure reliable and consistent delivery of user-friendly services to both buyers and suppliers.

About Orbis Online, Inc.
Orbis Online, Inc., headquartered in San Antonio, Texas, offers patent-pending dynamic competitive pricing tools that significantly reduce the cost of products and services versus historical procurement methods. Orbis transforms the traditional competitive bidding process into more powerful events that are live, online and worldwide. Orbis' value proposition is unique. The superior functionality of the solution includes all the benefits customers can normally experience only by purchasing or developing custom systems and requires no up-front costs or software installation.

For more information about Orbis Online, Inc., please visit our website at www.OrbisOnline.com, or call (210) 576-7600. Demonstrations of Orbis Online's unique auction platforms are available at the website: www.wsdemo.com or can be facilitated by contacting Orbis Online directly.

Reader Contact Information:
Orbis Online, Inc., 100 NE Loop 410, Suite 500, San Antonio, TX 78216,
Tel: 210-576-7600, Fax: 210-576-0760, www.orbisonline.com, marketing@orbisonline.com.

PR Agency Contact
Michael C. Matthey
210-820-3070 ext. 106

Company Contact
Lynn Whitehead


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