IQNavigator Named One Of Colorado's Fastest Growing Technology Companies In Deloitte's Colorado Technology Fast 50 Program

Widespread adoption of services procurement solution among global 2000 companies places IQNavigator 6th in Colorado

DENVER, Colorado, October 20, 2006 - IQNavigator, Inc. has been named to Deloitte's prestigious Colorado Technology Fast 50 Program, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in Colorado by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2001-2005.

"We are honored to be named as part of Deloitte's Fast 50 Technology Companies in Colorado. Our organic growth rate is directly attributed to our outstanding staff, award-winning software platform - IQNavigator7, and, of course, our marquee global customers," says IQNavigator president and CEO John P. Raeder, Jr. "Colorado continues to grow as a key location for high tech companies to succeed, with the highest technology-related employment per capita of any state."

IQNavigator's increase in revenues of 1525 percent from 2001 to 2005 resulted in a 6th place ranking in the Colorado Technology Fast 50. To qualify for the Colorado Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in Colorado, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology.

"Deloitte's Colorado Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Kurt J. Randall, Colorado Technology, Media and Telecommunications Leader, Deloitte Tax LLP. "We applaud the successes of IQNavigator and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."

About IQNavigator

Founded in 1999, IQNavigator provides services procurement and optimization solutions to Fortune 500 companies such as CUNA Mutual Group, The Bank of New York, Quad/Graphics, Entergy, Shell, Northrop Grumman, Sony Electronics, Verio, Schlumberger and Alcatel. The company's award-winning suite of integrated applications enables companies to increase profitability by reducing and controlling costs for all types of outside services spending worldwide. IQNavigator has a successful track record for delivering a compelling and fast return on investment, as well as adaptable process control, enterprise-wide financial analysis and enhanced performance. The company is recognized as an industry pioneer and offers deep domain expertise in key market segments such as financial services, energy, healthcare, manufacturing and aerospace/defense. IQNavigator is headquartered in Denver, Colorado, and is found on the Web at www.iqnavigator.com.

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