Manufacturing Business Technology Names IQNavigator One of the Top 40 Emerging Software Vendors for 2006

Services Procurement Provider Recognized for Unique Functionality Supporting High Volume Staffing Demands

DENVER, Colorado, October 2, 2006 - IQNavigator, Inc., the leading provider of services procurement and optimization solutions, today announced it has been named one of the 2006 Manufacturing Business Technology 40 Emerging Vendors. The list, featured in the October 2006 issue, identifies those companies that have exhibited a variety of corporate successes, including company growth and recent customer wins over the last year in the manufacturing, enterprise and supply chain markets.

IQNavigator was recognized for the implementation of its IQNavigator7 solution at manufacturers such as Sony Electronics, Alcatel, Quad/Graphics and CH2M Hill. Using IQNavigator7, these organizations have streamlined procurement processes for high-volume staffing where rapidly changing around-the-clock demands for contingent labor have traditionally proven challenging.

Delivered via the next-generation Software-as-a-Service (SaaS) model, IQNavigator7 delivers a services procurement process that meets these challenges with best-of-breed strategy and technology, enabling customers to easily define and track worker requirements such as skill sets, shifts, quantity, rates and worker performance. From high volume requirements that require a day's notice to fulfill, to specific skill and talent needs that require a more in-depth evaluation and approval process, IQNavigator accommodates the varying process steps and approvals to deliver the right services and control costs.

"Being named to the Manufacturing Business Technology 40 Emerging Vendors list is a testament to IQNavigator's commitment and growth as a services procurement leader in the manufacturing industry," said John P. Raeder, Jr. president and CEO of IQNavigator, Inc. "Our customers are experiencing tremendous success with the IQNavigator7 solution, and we are honored to receive recognition for our work from a leading trade publication dedicated to this space."

About Manufacturing Business Technology

Manufacturing Business Technology is a monthly publication that explains the use of information technology to improve productivity in manufacturing and supply chain. It is owned by Reed Business Information (RBI), the largest business-to-business publisher in the U.S. and a member of the Reed Elsevier Group plc.

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.