Business Wire - October 25, 2004

SeamlessWeb Named 4th Fastest-growing Company In U.S. On Inc. 500

Industry leader in ordering and billing management named the #1 online services company in Inc. magazine's annual rankings 

New York, NY—October 25, 2004 - Inc. magazine named SeamlessWeb Professional Solutions, Inc. (SeamlessWeb) the 4^th fastest-growing company in the nation in the 23^rd annual Inc. 500, the comprehensive guide to America's private companies. SeamlessWeb was the #1 online services company in the country and the #1 company headquartered in New York.

Launched in 1999, SeamlessWeb provides a Web-based system that enables online ordering and billing by electronically linking companies and their employees to the best local restaurants, caterers, florists, gift-basket purveyors, pantry supply companies, and other vendors. SeamlessWeb offers a cost-effective alternative to in-house dining facilities for small to mid-size companies, and a solution that optimizes the value of cafeterias for large companies.

By enhancing expense control and reducing administrative overhead, SeamlessWeb cuts companies' costs by as much as 30%. Additionally, by expanding vendor selection, SeamlessWeb is viewed as a workplace perk by employees.

SeamlessWeb's clients include 10 of the 12 largest investment banks, over 80 of the AmLaw 100 law firms, and dozens of businesses in private equity, asset management, accounting and consulting, securities dealing, advertising and public relations, broadcasting, media/entertainment, fashion, pharmaceuticals, and other industries.

"Being named atop the Inc. 500 is validation that our solutions are best of breed, our customer service is world class and our employees are exceptional. Companies that want to cut costs and provide a fantastic workplace perk consistently choose SeamlessWeb and spread the word about the deep value of our services," said Jason R. Finger, SeamlessWeb CEO and co-founder.

SeamlessWeb joins the roster of America's top companies previously named to the Inc. 500, including Microsoft, Timberland, Domino's Pizza, Princeton Review, Jenny Craig, Oracle, and E*Trade. The Inc. 500 ranks privately-held companies according to averaged year-over-year sales growth over the past four years. SeamlessWeb has been profitable since Q2 2002 and realized sales growth of 10,460 percent, surpassing the $28 million mark in 2003.

SeamlessWeb has effectively accelerated its sales growth by expanding its customer reach in New York City and launching in several other markets, including Washington, D.C.; Chicago, IL; Stamford and Greenwich, CT; Jersey City, NJ; and Philadelphia, PA. The company also anticipates new revenue streams from recently introduced applications targeting at-home consumer users, vendors, and companies with in-house foodservice programs.

Finger commented, "SeamlessWeb offers a service that benefits corporate clients, vendors and individual users. It's win-win-win."

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