Industry Expert Lends Knowledge and Leadership to Cadence Network, Inc.

Firm Welcomes the Addition of Steve Moritz to the Executive Team

July 1, 2005

Cincinnati, OH – July 1, 2005 – As Cadence Network, Inc. continues its accelerated growth as the leader in the utility, telecom and lease expense management industry, it announces the hiring of Steve Moritz as the Vice President of Sales and Marketing.

Moritz, formerly Strategic Energy’s Vice President of National Accounts, was responsible for starting Strategic’s National Accounts program and growing it to become one of the largest in the industry in just three years. “Steve is known as a leader in this industry. He has a lot of industry experience and brings a wealth of knowledge with him to Cadence,” says Jeff Hart, Cadence’s President and CEO. “I’m very excited to have such a talented leader be a partner on our team. His background in developing integrated sales and marketing initiatives will allow Cadence to continue our accelerated growth while meeting the markets’ need for new, customized expense management solutions.”

"As the utility industry continues to evolve and become increasingly complex, Cadence is leading the way with information management tools and professional services that provide customers with results to the bottom line. After more than 11 years in the energy industry I am convinced that customers are getting further and further away from the critical information they need to make good decisions. I chose to join Cadence because it is the one company I saw out there that provides that unique combination of leading edge technology and a deep knowledge base on how and when to take action. I am excited to be responsible to deliver this message for Cadence to the customers because I know that right now it is critical for customers to have the right partner in managing their utility expenses," said Moritz.

About Cadence:
Cadence Network, Inc. is an expense management firm that delivers comprehensive expense management solutions for chain store and multiple site businesses in the banking, restaurant, retail and grocery industries. The people and products of Cadence allow successful businesses to monitor and manage the third largest costs of doing business - electric, gas, water, sewer, trash, lease and telecommunications. The solutions designed are customized to address the unique business requirements of companies with many sites and many departments managing many vendors across many geographically dispersed locations. Cadence offers accounts payable outsourcing, web based software applications and professional services.

CONTACTS
Cadence Network Contact: Ben Dolan, Cadence Network, Inc. 866-CADENCE (866.223.3623) bdolan@cadencenetwork.com

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