Gloucester, Mass., August 18, 2004 — TradeStone Software, a pioneering leader in collaborative e-sourcing software, today announced the appointment of Keith Taylor as Vice President of Sales for Europe. The announcement comes at a time of rapid domestic and European growth for TradeStone. Taylor was tapped to spearhead the company's European sales efforts as TradeStone's SteppingStones meets increasing market adoption in the European markets.

"Keith joins TradeStone at a pivotal moment in our development, as we begin to deliver our e-sourcing solution to the European market in a very decisive way," said Sue Welch, President and CEO of TradeStone Software. "Keith will be a valuable member of our management team in many ways. He's a seasoned executive with a track record of sales success with major European retailers, including Argos, Selfridges and John Lewis in the UK and KarstadtQuelle in Germany. Keith is also skilled at forging successful partnerships with major consultancies like IBM and Accenture, has an enviable network of retail contacts throughout Europe, and has been highly successful at selling to the board level in the retail vertical."

Keith is likewise pleased to be joining the TradeStone team. "When I first saw a demonstration of TradeStone's SteppingStones collaborative e-sourcing software, I grasped its intrinsic value to the European retailers I've worked with throughout my career. I'm delighted to be working with a sourcing pioneer and visionary like Sue Welch, and with the entire TradeStone management team. Together we'll redefine the way international trade is conducted and expand TradeStone's global footprint."

Before joining TradeStone Software, Keith served as Vice President of Sales at the Information Management Group, where he delivered a fourfold increase in client acquisition rates and played a key role in the successful establishment of a software division. Before that, he was European Sales Director for QRS where he was responsible for delivering some of the largest application contracts at the company.

About TradeStone's SteppingStones Suite TradeStone's SteppingStones Suite delivers the most rapidly deployable, functionally-rich e-sourcing technology to the global sourcing market. It is based on 20 years of development that marries technology with deep domain expertise. Built upon the latest Web Services technology, SteppingStones supports all the key functional areas of international buying and selling – the Request for Quote (RFQ) process, order management, track-and-trace visibility, compliance certainty and payment processing. Conveniently accessed through a Web browser, SteppingStones requires no up-front training for companies and their suppliers and is the first and only composite application for the global sourcing market that works on either a stand-alone basis or can be layered into an application mix to fill global gaps.

About TradeStone Software, Inc.
TradeStone Software enables retailers and manufacturers to plan, design, collaborate on and purchase goods from across the world as easily as from across the street. TradeStone's Unified Buying Engine uses Web services technology to layer across an organization's existing infrastructure while its modular software fills in buying process gaps to provide a single view, access and interaction across the entire procurement process. The first and only complete solution for global sourcing, product lifecycle management, and unified order management, TradeStone's intuitive "No Training" technology helps people throughout the supply chain to collaborate globally, enabling users to focus on speeding innovative products to market. Marquee customers include American Eagle Outfitters, The Children's Place, Deutsche Woolworth, Ocean State Job Lot, Pacific Alliance and Federated Department Stores. TradeStone Software is based in Gloucester, Mass. and can be found on the Web at www.TradeStoneSoftware.com.

Contact:

Tania Stockbridge
TradeStone Software
978-281-3723
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