First Index, Inc. Announces Record First Quarter

For Release May 12, 2006 – Whippany, NJ - First Index, the market leader in sourcing solutions that bring together buyers and suppliers, announced record sales growth for the first quarter of 2006. Due to greater than expected demand for its Supplier Membership and Sourcing Service, First Index is on track to nearly double in size by the end of 2006.  The 14 year old company also announced record RFQ volumes and awards for its online marketplace and expects the total RFQ values to exceed $3B in value for 2006.  First Index runs the largest online marketplace of its kind for the manufacturing sector globally.

“First Index has delivered unique and lasting value to thousands of customers since 1992”, said John Jung, CEO of First Index. “We’ve stood the test of time as an indispensable partner to the manufacturing industry and as a result, we have enjoyed consistent growth. Now, with some customers renewing their membership for 5 to 8 year terms and online RFQ awards hitting all-time highs, it is no wonder we are setting new sales records.”

The company also reported significant increases in services personnel and commodity expertise as part of its 2006 campaign for aggressive investment and growth.