Vendio Press Release - April 3, 2007

Vendio™ Announces Record Growth in 2006

Leading E-commerce Services Firm Reports 89% Revenue Growth, Earnings Up 127%

SAN MATEO, Calif. April 3, 2007 — Vendio™, a leading provider of online sales management and lead generation services for merchants, today reported another year of record financial results, with revenues, GAAP net income, and EBITDA all advancing significantly over last year's record-setting numbers. Vendio's net revenue increased by more than 89%, driven by a dramatic rise in customer subscriptions for its core online sales management solutions and increased consumer adoption of its lead generation business, including the Dealio comparison shopping Toolbar and related Web site. The company has achieved 21 consecutive quarters of positive EBITDA since 2002.

"2006 was the brightest in Vendio's eight-year history," said Rodrigo Sales, CEO and co-Founder of Vendio. "The acquisition of Andale helped us to grow of our customer base substantially while combining resources and expertise in several key areas. Our continued investment in Dealio resulted in significant adoption of the Dealio Toolbar and a sizeable increase in visitor traffic to Dealio.com. We are equally excited by the early success of Widgipedia.com, and we expect this new area of our business to flourish as awareness and demand for widgets accelerates in 2007."

Vendio made several cash investments in 2006 that it expects will pay off handsomely in future years. These include:

Acquiring the assets of longtime competitor, Andale, to further solidify its leadership position in the online sales management industry.
Scaling up the investment in Dealio by adding new functionality to the Dealio Toolbar and launching new features to Dealio.com, including a consumer-driven deal news community.
Devoting internal resources to develop and launch Widgipedia.com.
Expanding development capacity and overall headcount.

Despite these investments, Vendio increased its cash reserves during the year. The company anticipates another banner year in 2007 and is investing aggressively in several key areas:

Dealio — Further expanding the functionality of the Dealio Toolbar and a major build-out of Dealio.com. Vendio's comparison shopping service will generate additional merchant leads by providing an even more compelling product search experience for its growing consumer base. Launched in late 2005, the Dealio Toolbar has already been installed on more than 2.5 million consumers' PCs.
Vendio Sales Management — Consolidating areas of overlap between the Andale and Vendio platforms for greater operating efficiencies and cross-selling unique products across the combined customer base to grow service usage and revenue. Vendio will also expand its hosted e-commerce store offering to accelerate the use of multiple online sales channels.
Widgipedia — Expanding the community of developers and widget consumers through enhanced functionality and partnerships with other key widget-enabling organizations.
Additional Acquisitions — In addition to its internal development efforts, Vendio intends to broaden its core solutions platform by acquiring and integrating businesses offering complementary and synergistic products and services.

About Vendio

Founded in 1999, Vendio Services, Inc. (www.vendio.com) helps small to medium-sized merchants (SMM's) succeed by offering them an integrated solution to manage their sales seamlessly and cost-effectively across multiple online sales channels including their online store, Amazon.com, eBay, Google, Shopzilla, and more. Each year over 80,000 merchants use Vendio's award winning multi-channel platform and applications to sell nearly $2 billion in merchandise. The company also operates Dealio (www.dealio.com), a shopping and coupons site for consumers. Vendio is headquartered in San Mateo, California with a development office in Romania.