2008-10-13 17:31:03 -

- MWW Group Meghan Fintland, 415-395-5906 (office) 415-202-4339 (mobile) mfintland@mww.com Amphire(R) Solutions, which recently completed a merger with iTradeNetwork (ITN), today announced its recognition as one of the Silicon Valley/San Jose Business Journal's 50 Fastest Growing Private Companies in the Silicon Valley region. iTradeNetwork, offers SaaS (Software-as-a-Service) procurement, supply chain management and spend intelligence solutions. The Company delivers one of the most comprehensive sets of software applications for the food, hospitality and healthcare industries.

With an impressive 80.93 percent growth rate in the past three years, Amphire is the 43rd fastest growing company in Silicon Valley, according to data published in the Silicon Valley/San Jose Business Journal.

"Through strong customer relationships with major brands, acquisitions of complementary businesses

and international expansion, Amphire has grown quickly and consistently since 2000," said Mark Barnekow, CEO of Amphire and newly appointed president of International for ITN. "It is an honor to receive this award and be a part of an elite group of growing companies in the Bay Area. As our most recent merger with iTradeNetwork demonstrates, we continue to be focused on growth and scale so that we can better serve our customers."

The Silicon Valley/San Jose Business Journal's Fast 50 awards recognize the Silicon Valley's fastest growing private companies. In order to qualify, companies must have a three year sales history with an increase in FY2007 over FY2005 and have sales of more than $200,000 in fiscal year 2005. The annual Fast 50 awards and list are ranked by percentage change in net revenue from 2005-2007. Amphire received the 2008 Silicon Valley/San Jose Business Journal's Fast 50 award at an awards reception October 7, 2008 at the Club Regency at The Fairmont in San Jose.

About iTradeNetwork, Inc.

iTradeNetwork, Inc. is the leading global provider of on-demand supply chain management and intelligence solutions to the food industry. Built upon deep industry expertise, a rich data foundation and the industry's most extensive trading partner network, ITN's collaborative solutions allow distributors, manufacturers, operators and retailers of all sizes to reduce cost, grow revenue and strengthen trading partner relationships. Today, ITN's growing customer list includes over 5,500 global companies such as Ben E. Keith, BidVest 3663, CKE Restaurants, ConAgra Foods, Inc., General Mills, Kroger, Independent Purchasing Cooperative (IPC) for SUBWAY(R), Intercontinental Hotels, Safeway, Sodexo, SYSCO and UniPro. ITN has offices in Pleasanton and San Mateo, California, Boise, Idaho and Stokenchurch, Great Britain. For more information, visit www.itradenetwork.com.

The Silicon Valley/San Jose Business Journal Recognizes Companies
Experiencing Rapid Growth Over a Three Year Period