Released on: February 20, 2008, 1:38 pm

Press Release Author: MaintenanceNet/Paula Johns

Industry: Software

Press Release Summary: Service Contract Management Leader Achieves 100 Percent
Revenue Growth Over 2007 in First Two Months of 2008

Press Release Body: Carlsbad, Calif. -- Feb. 20, 2008 -- MaintenanceNet, Inc., the
leading provider of maintenance contract management services, today announced the
addition of three new leading technology manufacturers to its growing list of
customers, while also reporting a 100 percent increase in revenues over 2007 in the
first two months of 2008 alone.

MaintenanceNet currently manages more than $10 billion in maintenance contracts
through its comprehensive, software-as-a-service (SaaS) platform, which helps
manufacturers and their channel partners achieve higher levels of profitability by
selling more services. The new manufacturers that have signed on as MaintenanceNet
customers are among the largest electronics and technology companies in the world
and include Fortune Global 500 organizations.

Scott Herron, CEO of MaintenanceNet, attributes the company\'s revenue growth to the
increased importance that manufacturers are now placing on service sales activities
and investments. \"The new year has brought MaintenanceNet a windfall of interest
from technology manufacturers and channel players globally,\" Herron said. \"All of
these organizations are beginning to recognize that they must abandon traditional,
cost-centric approaches to their service portfolios and embrace data
integrity-driven initiatives that make it easier to sell services.\"

MaintenanceNet works by first solving the underlying data integrity challenges that
exist in most maintenance service portfolios across the supply chain. Through its
web-based, SaaS platform, MaintenanceNet provides a \"register, renew, refresh\"
methodology that offers an entirely new approach to service contract lifecycle
management, making it easier for manufacturers and their channel partners to recover
lost revenue opportunities and sell more services.

About MaintenanceNet
MaintenanceNet is the leading provider of maintenance contract management services.
The company\'s technology platform provides proven increases in overall profitability
and revenue for manufacturers. MaintenanceNet\'s channel-friendly solutions automate
and improve underlying data integrity, resulting in reliable customer information
for registering and renewing service contracts. Using its online, interactive
software as a service (SaaS) platform, MaintenanceNet provides the entire supply
chain with a 360-degree view of their service contracts. The world\'s largest
technology leaders turn to MaintenanceNet to achieve greater success in their
service businesses. For more information, please visit www.maintenancenet.com or
call 866-699-7212.

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MaintenanceNet is a registered trademark of MaintenanceNet Incorporated.

Web Site: http://www.maintenancenet.com

Contact Details: Paula Johns
MaintenanceNet, Inc.
5963 La Place Court Suite 300
Carlsbad, CA 92008
Telephone:
866.699.7212
Direct:
+1.760.487.1799