Global Healthcare Exchange Selects Riversand PIM Solution to Power its GHX AllSource™ Content Repository

HOUSTON, -- January 31, 2005- Riversand Technologies, (http://www.riversand.com), a Houston-based provider of Product Information Management (PIM) solutions, today announced that Global Healthcare Exchange (GHX) (http://www.ghx.com) has chosen Riversand PIM solution to power and enhance the GHX AllSource™ content repository for the healthcare industry. GHX will utilize Riversand ContentCenter™ and ContentPortal™ applications to enable the management of highly structured and attributed product information from suppliers, while expanding the value of AllSource to hospitals and other healthcare providers.

GHX originally established the AllSource content repository in 2000 to be a single source of accurate product data for the healthcare supply chain. Today it is the only repository of medical and surgical product data continually updated by suppliers. With access to supplier-verified product data, healthcare providers can be assured they are using the most accurate and up-to-date product information available, which can reduce costly errors in the purchasing process.

Riversand ContentCenter application is an enterprise structured content management solution that enables authoring, storing, managing, translating and syndicating product information from a single platform. It enables aggregation of content from disparate sources, facilitates content enrichment and multi-classification, and manages all workflow processes around product information and syndication to all appropriate channels, whether print or electronic. Riversand ContentPortal application enables enterprises to provide a secure self-service gateway to their suppliers for publishing product information and updates on an ongoing basis. Empowering suppliers to be the owners of their content increases accuracy, visibility and efficiencies for both the parties.

GHX chose Riversand ContentCenter & ContentPortal applications to enhance AllSource's value because they provide "out-of-the-box" functionality that has proven successful in other industries and could be easily adapted to the needs of healthcare. "After evaluating numerous vendors, we found Riversand offered both the functionality and flexibility necessary to meet the needs of the entire healthcare supply chain," said Emily Cikovsky, GHX's senior product manager for content services. "As an open and neutral organization, GHX seeks to provide the most cost effective supply chain products and services for buyers and sellers alike."

Riversand's CEO, Sashi Narahari, co-founded Riversand in 2001 after recognizing the need for content solutions to address the burning need of enterprises to create a centralized product information repository. Since 2001, the company has seen continued growth and achieved profitability. "We continue to grow our business one successful customer at a time, and we are excited about our partnership with GHX. It gives us the ability to demonstrate our solution's capability to scale to millions of items which is one of our key differentiators".

About Global Healthcare Exchange
Global Healthcare Exchange, LLC (GHX) provides an open and neutral electronic trading exchange, along with complementary products and services, through which buyers and sellers can collaborate to improve efficiencies in the healthcare supply chain. GHX's catalog and content services improve the accuracy of purchasing transactions, reducing many of the most common and costly problems in healthcare procurement, while the privately held company's revenue neutral business model is designed to lower costs for all involved. GHX's owners, strategic partners, and trading exchange participants are representative of the entire healthcare supply chain, including manufacturer and distributors; integrated delivery networks (IDNs), hospitals and ancillary healthcare facilities; group purchasing organizations and their proprietary healthcare trading exchanges; and supply chain technology companies. Equity owners of GHX include Johnson & Johnson Health Care Systems Inc.; GE Medical Systems; Baxter Healthcare Corp.; Medtronic USA, Inc.; Abbott Exchange, Inc.; Siemens; Becton, Dickinson & Co.; Boston Scientific Corp.; Tyco Healthcare Group, LP; Guidant Corp.; C.R. Bard, Inc.; AmerisourceBergen Corp.; Cardinal Health, Inc.; Fisher Scientific International, Inc.; McKesson Corp.; B Braun Medical Inc.; Premier, Inc. and HCA. For more information visit www.ghx.com.

About Riversand Technologies, Inc
Riversand was founded in 2001 with the goal of providing world-class enterprise software to meet the growing demands of global 2000 companies for comprehensive and cost-effective product information management (PIM) solutions. Riversand's solutions drive business process and operations cost savings by streamlining the product information supply chain. The solutions enable the enterprise to synchronize product information, processes and people into one centralized platform. A single-source of product information will enable enterprises to automate collaboration with trading partners whether your needs are in supplier facing activities such as Engineering Design, Sourcing & Procurement or customer facing interactions across multiple channels and market . For more information visit www.riversand.com.