Recognized as Leading the Way in Transforming Supply and Demand Chains

Mountain View, CA, August 10, 2005 - Elance, Inc., the leader in bringing e-commerce to services, has been named to the 2005 Supply & Demand Chain Executive 100. The Supply & Demand Chain Executive 100 is an annual list that honors the top supply chain solution providers that are helping to transform the way companies do business in the area of supply and demand chain management.

“The '100' list is designed to showcase providers that have completed successful and innovative real-life supply chain implementations, and to give our readers a starting place when looking for solutions to their own supply chain pain points,” said Andrew Reese, editor of Supply & Demand Chain Executive magazine. The criteria for this year's “100” focused particularly on supply chain technology end users to learn how enterprises are working with top solution providers.

Elance, whose customers include American Express, BP, CapitalOne, FedEx, GE, Motorola, Qwest, TVA and Texas Instruments, was selected for helping one of its Fortune 100 customers reduce services spend 17% and shorten the contractor hiring and onboarding processes by more than 75%. Elance is the most widely used solution for Services and Contractor Management, employed by more than 200,000 individuals to find, buy, manage and pay contractors and external services across 50+ categories, including information technology, consulting, contract and temporary labor, marketing, print, human resources, engineering, maintenance, facilities.

“The best companies in the world are beginning to digitize their services supply chains to reduce cost, improve performance, and gain control over contractors and third-party service contracts. This award underscores the growing relevance of  Services and Contractor Management solutions,” said Fabio Rosati, President and CEO of Elance. “We'd like to thank Supply & Demand Chain Executive for recognizing Elance as a driver of supply chain innovation.”

About Elance, Inc.
Elance brings e-commerce to services. Our solutions help busy business people find, buy, manage and pay external services and contractors online. Using Elance for Services and Contractor Management, businesses gain employee productivity, reduce the cost of external services  by 8-17%, improve service quality, and ensure compliance with contracts, processes and policies. The Elance Marketplace is the world's leading web-based project marketplace, which offers small businesses a quick, easy way to outsource projects. For more information on Elance, call 650-316-7500 or visit www.elance.com.

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

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