This strategic investment has already enabled the two companies to share their experiences and leverage their strategic relationships to the benefit of all of their customers while operating businesses that can profitably reinvest in future development and marketing initiatives. Vendio recently announced its 17^th consecutive quarter of profitability and brings a depth of relevant operational experience that can be transferred to help strengthen Andale's business significantly for the benefit of customers.

We are delighted to have the opportunity to work more closely with Andale, said Rodrigo Sales, CEO of Vendio. Vendio and Andale have complementary strengths that have helped us collectively lead the industry as the two largest sales management providers with the most innovative applications for online merchants. We look forward to sharing the knowledge and relationships we've gained managing our profitable, growing business over the last four years with the Andale team. From economies of scale and category and geographic expansion to new services and technologies, this deal will result in a host of lucrative new opportunities for both companies and the customers they serve.

The newly appointed Board of Directors named long time Andale executive, Ravi Garikipati, as Andales new Chief Executive Officer upon the earlier resignation of Linda Hayes, who departed to explore another opportunity. Garikipati will manage the daily Andale operations as the two companies determine the best ways to leverage their respective strengths going forward.

We've always had great respect for one another and recognized that if our complementary strengths and knowledge were leveraged, we would lead the industry with the most comprehensive and innovative solutions for online sellers, stated Ravi Garikipati, CEO of Andale. There's no doubt that our combined expertise and experience will deliver great new products for the entire industry.

Vendio and Andale are working closely on several strategic initiatives that will produce new and expanded services for the entire seller community, while also exploring ways to further enhance Andale's industry leading research solutions and Vendio's recently launched comparison shopping toolbar, Dealio™. (Dealio is the only comparison shopping search engine to effectively incorporate eBay listings both traditional auctions and fixed price/storefront listings into its search results).