StarCite Launches the "StarCite Stimulus Plan", Helping Companies Get Back to Business Through Meetings and Events

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Tue Apr 7, 2009 10:40am EDT

"StarCite Stimulus Plan" Provides Free Access to World`s Leading Meetings
Management Software Platform for New Customers
PHILADELPHIA--(Business Wire)--
To help companies keep travelers on the road doing business with customers,
colleagues and others while controlling costs, StarCite, Inc. today announced
the launch of the "StarCite Stimulus Plan" - a free offering of StarCite`s
meetings management software in 2009 for qualified new customers starting today
through June 30th. StarCite provides the only true end-to-end meeting management
technology platform on the market, automating every facet of corporate meetings
and events. 

"Our goal is to make it easier for companies to get back to business by
delivering savings through StarCite`s meetings management technology," said Greg
Dukat, chief executive officer of StarCite. "We`ve seen strong and increasing
corporate adoption of cost-saving meetings management programs and technology.
Meetings management software is critical to not only save money but also to
reduce the business risks of failing to properly follow Sarbanes-Oxley, TARP,
and pharmaceutical/healthcare regulations. 

"By providing free access to the StarCite platform we are helping companies
better manage their meetings spend so meetings can continue taking place, making
this unique offer a win-win for everyone involved," Dukat continued. "As
hundreds of current StarCite customers have seen, our solutions will help new
users quickly reduce their costs today and maximize the value of their meetings
spending as the economy recovers." 

A recent StarCite survey found that although meetings and events represent as
much as 35% or more of many companies` travel spending, less than half the
companies surveyed have established meetings policies - in contrast with 95% of
respondents who said their organization has a travel policy in place. At many
companies, meetings can represent as much as 3% of revenues but lack adequate
controls over spending. 

By working with StarCite, companies can reduce their meetings spend by 12-25% by
quantifying how meetings spending is being allocated, driving closer adherence
to corporate spending policies, and putting meetings out for competitive bid by
hotels and venues through a streamlined electronic request-for-proposal process.
Additional and ongoing savings can be realized over a longer time period. 

The StarCite Stimulus Plan features every module of the StarCite system:
planning, budgeting, buying, attendee management, payment and results
measurement. This includes full access to a competitive bidding process through
the StarCite Marketplace, an online marketplace linking buyers with more than
93,000 hotels, venues and meeting suppliers around the world. New StarCite
customers will also have access to StarCite`s ongoing customer support and
online, on-demand training system. 

Qualified customers that sign up for the StarCite Stimulus Plan will have the
opportunity to use all of StarCite`s standard services for free through the
remainder of 2009. For more information on the StarCite Stimulus Plan, companies
can complete StarCite`s website request form:
http://www.starcite.com/starcite/planners/requestmoreinformation. 

About StarCite, Inc.

StarCite, Inc. provides a technology platform that makes meetings and event
planning, booking and management simpler, easier, and more cost-effective for
corporations, hotels, venues and meetings suppliers worldwide. StarCite delivers
visibility, cost savings and control over meetings spending for businesses and
enhanced revenue opportunities for suppliers. Through Web-based, on-demand
technology, StarCite automates and supports every key element of the meetings
planning and procurement process: planning, budgeting, buying, attendance,
payment, and results measurement. Using StarCite`s proprietary online
marketplace, meetings buyers can connect and conduct business with over 93,000
hotels, venues, destinations and suppliers globally. StarCite is based in
Philadelphia, PA. Its equity holders include Internet Capital Group (NASDAQ:
ICGE), TPG Growth, Norwest Venture Partners (NVP), and TL Ventures. For more
information about StarCite please visit www.starcite.com. 



Sloane & Company
Mike Flores, 212-446-1895
mflores@sloanepr.com

Copyright Business Wire 2009

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