Discount on New Service Provider Memberships to Accommodate Increased Buyer Demand.

Sunnyvale, CA, January 26, 2004 - Elance Online^TM (www.elanceonline.com), the world's largest services marketplace, today announced the introduction of a new ìSales & Marketingî service category to meet growing demand for services such as advertising, lead generation, marketing communications and public relations. The new category will help small- and medium-sized businesses more easily find and buy the professional services they need to increase awareness, drive sales and grow revenue. To support the growing number of sales and marketing projects posted in the marketplace, the company announced a limited time, 40 percent discount on new service provider memberships in this new category.

"We've seen a marked increase in the number of projects posted by entrepreneurs and business owners who need help from marketing and sales experts in order to start or grow their businesses," said Beerud Sheth, vice president of product strategy for Elance Online. "Elance Online's new Sales and Marketing category is the best way for these businesses to connect with professional consultants who provide the services and expertise needed to take their success to the next level ñ all while transacting in a safe and cost-effective manner.

Elance Online allows businesses to post descriptions of their projects free of charge and receive proposals from a global pool of professionals. The new Sales & Marketing category serves as a destination for business owners that seek quick, cost-effective ways to outsource project-based work to skilled professionals that specialize in advertising, branding, direct marketing, lead generation, marketing communications, public relations, promotions, market research and the development of business plans, marketing plans and sales presentations.

Discount for New Service Providers
In addition to helping small businesses buy services, Elance Online is a cost-effective promotion and business development channel for professional service providers. By subscribing to Elance Online, these professionals can access thousands of new projects posted each month by buyers worldwide.

To meet increasing demand in the Sales & Marketing category, Elance Online is offering a 40-percent discount to the first one hundred service providers who sign up to sell their services through Elance Online before February 15, 2004. This offer is open to consultants who have not previously subscribed to Elance Online. The discount is valid on quarterly and annual memberships in the new Sales & Marketing category as well as the Administrative Support, Accounting & Finance, Legal and Training & Development categories.

For more information on subscribing as a service provider, visit www.elance.com/sell . To take advantage of the 40 percent discount, click "Subscribe as Provider" and enter promo code (NYP1) when prompted.

About Elance, Inc.
Elance is the leading provider of software solutions for Services Procurement and Management (SPM) that improve the way organizations buy and manage services - one of the largest components of corporate spending. With the Elance SPM 4^TM application suite, large organizations can gain visibility into services spend and performance, establish and control enterprise processes, and achieve 10-20% hard cost savings across a broad range of external service categories. For small- and medium-sized businesses, Elance provides the Elance Online^TM services marketplace, the leading Web-based project marketplace that connects businesses with a global pool of high-quality professionals. For more information on Elance, please call 650-316-7500 or visit www.elance.com.

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Elance, Elance SPM 4 and Elance Online are trademarks or registered trademarks of Elance, Inc. in the United States and other countries.

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