InventX, Inc.— announces that its SP²M^™ portfolio project management software is Sarbanes-Oxley compliant. The SP²M^™ solution offers a number of features and capabilities to easily satisfy the Sarbanes-Oxley requirements.

• Business attributes which can be tailored to add data fields needed to support specific programs for risk and security management.

• Business Activities Management, which includes issues tracking that is, linked to projects and can be configured to support company processes, including auditing, progress monitoring and updating.

• The ability to set up and link complex project structures which allow storing, sorting and retrieving interrelated data.

• Templates that can be used to define and control processes

• A full featured project scheduling capability

• A document management capability integrated throughout the SP²M^™ software

“InventX’s SP²M^™ solution is an excellent choice for a company needing to become Sarbanes-Oxley compliant in an efficient and productive manner. The SP²M^™ solution is a single integrated software package developed from ground-up in a robust development environment to provide enterprise project portfolio management solution “, says Vijay Reddy, Vice President of Finance & Operations. As a result, SP²M^™ provides a company with Sarbanes-Oxley compliance while achieving significant business benefits in the portfolio project management areas.

About InventX
InventX is a Web-based Intelligent Collaborative Solutions Company providing products (SP²M^™.Portfolio, SP²M^™. Ensemble, SP²M^™. EIS, SP²M^™. Time+Expense), software solutions, and integration services. InventX currently provides a superior solution to the problems surrounding both Distributed Project Management (DPM) and New Product Development (NPD) markets. The company’s solutions are designed to serve a wide range of industries including Information Technology, Semiconductor, HealthCare, Retail, Telecommunications, Financial Services, Engineering, Entertainment, Utilities, Energy, Manufacturing and many more. For further information on InventX’s products, services and industry-specific solutions, please visit us @ www.inventx.com.

InventX, Inc.— a leading provider of Intelligent Collaborative Solutions announced today a major release of its SP²M^™ (enterprise project management) application software. The new release, version 3.0, will offer a number of new and exciting features to significantly expand its capability to support the rapidly expanding expectations in the dynamic markets it serves - distributed project management (DPM) and new product development (NPD). The SP²M^™ software was first released in 1999.

The new SP²M^™ 3.0 release significantly upgrades the functionality of the software in several critical areas:

• Distributed portfolio management - Smart scheduling negotiation techniques (useful for global teams operating in a 24/7 environment)

• Collaboration

• Dynamic report generation

• Product lifecycle management (PLM)

• Change management (issues management, risk management and action items)

InventX has been exercising these new features with a variety of major customers over the past six months. The SP²M^™ 3.0 release represents our response to the accelerating demands of our customers as they compete in a business environment that expects quicker and more integrated project information.

The SP²M^™ software solution is web based and enables complete lifecycle management of multiple projects in real time throughout an organization. It is easy to use and efficient to enhance since it was written from scratch using pure java code. InventX’s SP²M^™ value can extend across all functions of today’s globally dispersed companies as well as their trading partners. It has been proven to significantly improve project success rates and portfolio and pipeline management, resulting in significant cost savings, accelerated project completions and improved use of scarce project resources.

Srik Soogoor, CEO of InventX, stated. "SP²M^™ 3.0 is the release everyone has been waiting for. It provides the sophisticated functionality now being demanded and in a proven and stable software application."

About InventX
InventX is a web-based Intelligent Collaborative Solutions Company providing products (SP²M^™.Portfolio, SP²M^™.Ensemble, SP²M^™.EIS, SP²M^™.Time+Expense), software solutions and integration services. The company’s solutions are designed to serve a range of industries, including information technology, semiconductor, healthcare, high technology, engineering, telecommunications, entertainment, utilities, energy, manufacturing and more. For further information on InventX’s SP²M^™ release 3.0, integration services and industry specific solutions, please visit our web site @ www.inventx.com.

InventX, Inc.— A leading provider of Intelligent Collaborative Solutions, announced today the release of SP²M^™ (Enterprise Project Management) Version 2.5, the primary solution for Enterprise-wide Distributed Project Management (DPM) and New Product Development (NPD) markets.

This new release has incorporated full database-level integration with Microsoft Project 2000/2002, allowing the same easy transfer of schedule data already available for Microsoft Project 98. In addition, SP²M^™ v2.5 has innovative and highly enhanced SP²M^™.Time+Expense™ Management application built-in that tightly integrates with all significant modules of the comprehensive SP²M^™ system, including SP²M^™.Ensemble™, SP²M^™.Portfolio™ and SP²M^™.EIS™ (Executive Information System) for improved project management and staff productivity tracking.

This release has integrated an exclusive Requirements Management module that fully defines customer’s hierarchical changing requirements and keeps track of revisions to requirements. The Requirements Management module helps obtain electronic signoffs for each requirement from customers/managers and even facilitates to view and track relationship among requirements.

The application has a smart alert management functionality that alerts responsible stakeholders when a particular event happens anywhere within the enterprise.

In addition, with this release, Project/Program Managers can now easily administer the master projects and the subprojects within multiple portfolios than ever before. Enhanced “Calendaring” feature at the resource, project, and enterprise levels is also available to the end users.

The far-reaching SP²M^™ solution is a very easy-to-use Enterprise Project/Portfolio management system consisting of collaborative real-time applications such as project planner, portfolio management, issues management, scheduling, resource management, collaborative forum, document management, time & expense management, cost management, knowledge management etc. which, together, effectively manages a complete lifecycle of multiple projects in real-time within an organization. InventX’s SP²M^™ value extends to virtually all of the functional areas of today’s globally dispersed companies. SP²M^™ has proven to significantly improve project success rates, enhance portfolio & pipeline management that results in significant cost savings across different organizations.

John Eastman, CTO of InventX, stated, “SP²M^™ 2.5 sets a new milestone in terms of features and functionality combined with ease-of-use for a Collaborative Project & Portfolio Management solution. The product has received wide acclaim and acceptance from our new and existing customers who have already migrated to SP²M^™ version 2.5.”

“This validates InventX's focus on developing new product features with direct involvement and input from our customers. InventX's customers participated from inception with requests for new features and functionality through Customer Beta and Acceptance. The high quality of the resulting product is a testament to the importance of customer involvement in the InventX product development process”, he added.

SP²M^™ v2.5 introduces over 50 new functionality enhancements – two thirds of which were directly requested by current InventX customers.

The highlights of SP²M^™ v2.5 include:

• Complete integration with Microsoft Project 2000/2002

• The ability to archive projects allows completed projects to be 'retired'. The data is still stored in the SP²M^™ database, but the projects are no longer displayed – allowing project managers and other users to focus on currently active projects.

• All automatically generated e-mail notifications can now be turned on or off globally.

• Customization to a specific business need can now be extended to resource management, allowing customer-specific resource information to be collected, viewed and used for reporting.

• Support for user-defined, MS Project compatible calendars. This will include system calendars as templates, project calendars based on system calendars, and resource calendars

• Issue tasks are displayed in Portfolio Resource Allocation view, allowing enterprise-wide resource planning.

• Multiple character smart-search capability in dropdown lists.

• Additional EIS reports like Issues Progress Report, Issues Weekly Status Report, Tasks Delayed, Portfolio Summary, Portfolio Business Attribute Setup etc are available on the top of already existing 50+ predefined sets of reports.

• Support for enterprise-wide Master-Sub Project Dependency

• SP²M^™ now emulates MS Project automatic scheduling of tasks to match Actual Dates

• Support for creation, import and export of recurring tasks

• Expense capturing function added to Time Entry and Management application

• Enhanced support for business attributes

• Allow proxy configuration for customers using intranet/extranet through a firewall allowing inter-company collaboration on projects & processes

• Requirements Management provides the means to define, manage, and communicate the customer's expectations in order to produce deliverables leading to the successful completion of a project

About InventX
InventX is a Web-based Intelligent Collaborative Solutions Company providing products (SP²M^™.Portfolio™, SP²M^™.Ensemble™, SP²M^™.EIS™, SP²M^™.Time+Expense™), software solutions, and integration services. InventX currently provides a superior solution to the problems surrounding both Distributed Project Management (DPM) and New Product Development (NPD) markets. The company’s solutions are designed to serve a wide range of industries including Information Technology, Healthcare, Retail, Semiconductor, Technology, Financial Services, Engineering, Telecommunications, Entertainment, Utilities, Energy, Manufacturing, and more. For further information on InventX’s products, services, and industry-specific solutions, please visit our web site @ www.inventx.com

InventX, Inc.— a fast-growing, Web-based Intelligent Collaborative Solutions Company focusing primarily on Enterprise-wide Distributed Project Management (DPM) and New Product Development (NPD) markets—announced today the signing of a contract with World Vision, an organization known worldwide for its child-focused humanitarian projects that are offered without discrimination based on religious beliefs, gender, race, or ethnic background across the globe. World Vision will use the InventX SP²M^™ (enterprise project management) solution for its Internal Process optimization and Customer Relationship Management (CRM) initiatives throughout the organization.

InventX’s SP²M^™ solution is an enterprise project management system consisting of tools such as project planner, portfolio management, issues management, scheduling, resource management, collaborative forum, document management, time management, cost management etc. which, together, effectively manages a complete lifecycle of multiple projects in real-time within an organization.

“All non-profit organizations are always budget and cost conscious. It is important that we can demonstrate our ongoing commitment to cost efficiency to all our donors and partners. Implementing InventX SP²M^™ solution harmonizes our internal project management processes and will now allow us to analyze and report cost savings across World Vision in a more transparent way”, says John Kinney, Director, Information Systems Group (ISG), World Vision.

Companies that deploy InventX solutions automatically adopt and drive best practices, project management methodology throughout the organization. This unique approach is what differentiates the InventX solution from its competitors.

Srik Soogoor, CEO of InventX, stated “It means a lot to us to have World Vision as a satisfied customer. We are pleased to be able to apply our solution and experience in assisting World Vision improve their project, program, portfolio, issues, and other project management-related capabilities in a highly collaborative environment.”

About World Vision
Founded in 1950, World Vision is an international Christian humanitarian organization, serving the world’s poorest children and families in nearly 100 countries. World Vision helps families trapped in the vicious cycle of poverty to overcome difficult circumstances and achieve their dream of self-sufficiency by assisting their communities to implement primary health care, water and sanitation, agricultural, leadership development, education, and income-generation activities. For more information, please visit www.worldvision.com.

About InventX
InventX is a Web-based Intelligent Collaborative Solutions Company providing products (SP²M^™.Portfolio™, SP²M^™.Ensemble™, SP²M^™.EIS™, SP²M^™.TimeManager™), software solutions, and integration services. InventX currently provides a superior solution to the problems surrounding both Distributed Project Management (DPM) and New Product Development (NPD) markets. The company’s solutions are designed to serve a wide range of industries including Information Technology, Retail, Semiconductor, Technology, Financial Services, Engineering, Telecommunications, Entertainment, Utilities, Energy, and Manufacturing. For further information on InventX’s products, services, and industry-specific solutions, please visit our web site @ www.inventx.com.

InventX, Inc. a fast growing Web-based Intelligent Collaborative Solutions Company focusing primarily on Enterprise-wide Distributed Project Management (DPM) and New Product Development (NPD) markets, today announced that they have signed a strategic alliance with cCentrix Inc, an award-winning provider of CRM software integration and consulting services. Under the terms of the partnership agreement, cCentrix will focus on integrating InventX SP²M^™ application into their consulting assignments to help large organizations drive the on-time delivery of complex projects.

InventX SP²M^™ product offering is a highly configurable solution that addresses the needs of both operational project management, as well as the status and reporting requirements of mid-to-executive-level management, sponsors, and other stakeholders of the projects. Companies that deploy InventX solutions automatically adopt and drive best practices project management methodology throughout the organization. This unique approach is what differentiates the InventX solution from its competitors.

“It has become apparent that real-time collaborative solutions are imperative”, says Dr. Om P. Singla, the President, and COO of cCentrix. He also added, “We believe that the unique capabilities and comprehensiveness of InventX’s collaboration solutions offers numerous opportunities for organizations in business today and the future. Collaborative Distributed Project Management and New Product Development are more crucial than ever before. This partnership between InventX and cCentrix will bring both our companies to a whole new paradigm.”

According to Srik Soogoor, CEO of InventX , “An alliance with a company well-known for real-time solutions and their immense knowledge on Project Management is certainly an added value for InventX. This partnership provides tremendous opportunities for the staff and clients of both InventX and cCentrix. This partnership will allow each of us to offer complete solutions to our clients in a way that each of us alone could not.”

About cCentrix
cCentrix (formerly known as Automation Image) is a systems integrator specializing in CRM solutions and e-business applications. cCentrix has provided proven program management solutions to government agencies and Fortune 500 companies since 1982. Founded in September of 1982, with corporate headquarters in Dallas, TX, cCentrix has a successful record of achievements and are currently experiencing rapid growth from the United States to Asia and across the globe.

About InventX
InventX is a Web-based Intelligent Collaborative Solutions Company providing products (SP²M^™.Portfolio™, SP²M^™.Ensemble™, SP²M^™.EIS™, SP²M^™.TimeManager™), software solutions, and integration services. InventX currently provides a superior solution to the problems surrounding both Distributed Project Management (DPM) and New Product Development (NPD) markets. The company’s solutions are designed to serve a wide range of industries including Retail, Semiconductor, Technology, Financial Services, Engineering, Telecommunications, Entertainment, Utilities, Energy, and Manufacturing. For further information on InventX’s products, services, and industry-specific solutions, please visit our web site @ www.inventx.com.

The Martis Group, a firm of certified project management professionals with extensive knowledge and expertise in the field of Project Management, joined hands with InventX Inc, a fast growing Web-based Intelligent Collaborative Solutions Company focusing primarily on Enterprise-wide Distributed Project Management (DPM) and New Product Development (NPD) markets. Under the terms of the partnership, Martis Group will market and sell InventX’s specifically designed iMomentum™ deployment methodology along with the InventX SP²M^™ application for a wide range of its clients in the Project Management arena.

InventX’s SP²M^™ product family has been architected to mirror project/process management workflow. SP²M^™ is highly customizable to specific business and industry needs. SP²M^™ is robust in both breadth and depth of functionality and reflects the published knowledge base of the two most respected project management institutes (PMI and SEI).

Srik Soogoor, CEO of InventX, stated “This is a partnership of significant magnitude. The Martis Group is an organization full of experts who specialize in all of our market segments. They have people who understand the depth and breadth of world-renowned Project Management methodologies. The availability of these resources has enormous strategic and tactical advantages for our company”, he affirmed.

About The Martis Group
The Martis Group is a company of qualified project management professionals with widespread knowledge and expertise in the field of Project Management. The Martis Group provides services nationally to facilitate project success, communications, and integration in the following areas: Project Management Execution, Project Management Leadership, Project Management Consulting, Project Management Mentoring, Project Management Assessments, Scalable Solutions in Project Management Office (PMO) implementations. Of the many objectives for Project Management professionals, a leading, guiding, directing, and managing business operations process to increase profitability, customer satisfaction, and team performance is a common vision that the company holds for its customers. The company is headquartered in Bedford, Texas.

About InventX
InventX is a Web-based Intelligent Collaborative Solutions Company providing products (SP²M^™.Portfolio™, SP²M^™.Ensemble™, SP²M^™.EIS™, SP²M^™.TimeManager™), software solutions, and integration services. InventX currently provides a superior solution to the problems surrounding both Distributed Project Management (DPM) and New Product Development (NPD) markets. The company’s solutions are designed to serve a wide range of industries including Retail, Semiconductor, Technology, Financial Services, Engineering, Telecommunications, Entertainment, Utilities, Energy, and Manufacturing. For further information on InventX’s products, services, and industry-specific solutions, please visit our web site @ www.inventx.com.

InventX, Inc a fast growing Web-based Intelligent Collaborative Solutions Company providing innovative, intelligent, value-added software solutions that seamlessly enables business communities, today announced the addition of another enterprise contract from Applied Micro Circuits Corporation (NASDAQ: AMCC) to its customer base in the Semiconductor industry.

InventX’s SP²M^™ value extends to virtually all of the functional areas of today’s globally dispersed companies. The SP²M^™ software solution tools are at the core of helping companies evaluate projects, assess risk, plan projects, forecast delivery, allocate resources, to measure and report relevant metrics to the project teams and all levels of management. InventX products can significantly improve project success rates and save millions of dollars within organizations involved in projects.

“Unlike the other vendors we evaluated, InventX had a robust IT architecture that would scale & perform to go along with the required functionalities of our Product Development community within our company” stated Pat McGinty, the Chief Information Officer at AMCC.

Companies that deploy InventX solutions automatically adopt and drive a best practices, project management methodology throughout the organization. This unique approach is what differentiates the InventX solution from its competitors.

“The enterprise-wide absorption of any framework could be a failure without a systems-based methodology that embodies the framework, and thus drives the methodology via day-to-day practices”, says Mr. Srik Soogoor, Founder, and CEO at InventX. “Enterprise Project Management (“SP²M^™”) is all about consistency, collaboration, and competency and we are proud to witness AMCC enjoy these benefits.”

About AMCC
AMCC designs, develops, manufactures, and markets high-performance, high-bandwidth silicon solutions for the world's optical networks. AMCC utilizes a combination of high-frequency analog, mixed-signal and digital design expertise coupled with system-level knowledge and multiple silicon process technologies to offer integrated circuit products that enable the transport of voice and data over fiber optic networks. The company's system solution portfolio includes PMD, PHY, framer/mapper, network processor, traffic management and switch fabric devices that address the high-performance needs of the evolving intelligent optical network. AMCC's corporate headquarters and wafer fabrication facilities are located in San Diego, California. Sales and engineering offices are located throughout the world. For more info, please visit www.amcc.com

About InventX
InventX is a Web-based Intelligent Collaborative Solutions Company providing products (SP²M^™.Portfolio™, SP²M^™.Ensemble™, SP²M^™.EIS™, SP²M^™.TimeManager™), software solutions, and integration services. InventX currently provides a superior solution to the problems surrounding both Distributed Project Management (DPM) and New Product Development (NPD) markets. The company’s solutions are designed to serve a wide range of industries including Retail, Semiconductor, Technology, Financial Services, Engineering, Telecommunications, Entertainment, Utilities, Energy, and Manufacturing. For further information on InventX’s products, services, and industry-specific solutions, please visit our web site @ www.inventx.com.

InventX, Inc. a fast growing Web-based Intelligent Collaborative Solutions Company providing innovative, intelligent, value-added software solutions that seamlessly enables business communities, today announced that the Dallas-based Luminator has selected the InventX SP²M^™ solution to be rolled out to its entire enterprise after a successful Pilot implementation phase. Luminator is the industry leader in providing Aircraft, Rail, and Bus lighting application products across the nation.

InventX SP²M^™ product offerings include highly configurable, web-based DPM (Distributed Project Management) and NPD (New Product Development) solutions that provides Executives, Internal/External Customers, Project Managers, and Project Teams a complete view of enterprise portfolios, programs, and projects that includes, but not limited to, schedule, cost, time, and resource information across the organization in real-time.

Ross Sivertsen, IT Manager at Luminator commented, “We needed a system to help manage our enterprise-wide project portfolio from beginning to end. InventX SP²M^™ is the solution. No other package we reviewed is as comprehensive”.

Srik Soogoor, CEO at InventX said, “The open standards of InventX's SP²M^™ solution allowed Luminator to incorporate their own project management processes, derived from PMI's PMBOK, seamlessly with InventX SP²M^™ to create a complete Project Management Office. We are delighted ”.

About Luminator
Luminator, a division of Mark IV Industries, is recognized as an innovative leader in the mass transit industry. Luminator Mass Transit Products and Luminator Aircraft Products serve three major sectors of the public and private transportation industry -- bus, passenger railcars, and commercial and military aircraft. For over 50 years, Luminator Aircraft Products has been supplying innovative solutions to aircraft and marine lighting applications. Luminator brings ideas to light in whatever the need maybe - military or commercial aircraft, marine lighting, complete new design, or spares requirements etc. The rail products include Air Diffusers, Sign systems, Lighting systems, Accessory Lights, Voice annunciator systems etc. The bus products include Controls, Voice Systems, Flip Dots, LCD Displays etc.

About InventX
InventX is a Web-based Intelligent Collaborative Solutions Company providing products (SP²M^™.Portfolio™, SP²M^™.Ensemble™, SP²M^™.EIS™, SP²M^™.TimeManager™), software solutions, and integration services. InventX currently provides a superior solution to the problems surrounding both Distributed Project Management (DPM) and New Product Development (NPD) markets. The company’s solutions are designed to serve a wide range of industries including Retail, Semiconductor, Technology, Financial Services, Engineering, Telecommunications, Entertainment, Utilities, Energy, and Manufacturing. For further information on InventX’s products, services, and industry-specific solutions, please visit our web site @ www.inventx.com.

InventX, Inc a fast growing Web-based Intelligent Collaborative Solutions Company focusing primarily on Enterprise-wide Distributed Project Management (DPM) and New Product Development (NPD) markets, today announced that they have signed a partnership agreement with Tacit, the pioneer and leader in providing expertise automation solutions to enterprises worldwide.

InventX’s highly integrated, web-based products preclude the need for traditional, non-integrated workarounds; and can significantly reduce the proliferation of meetings, conference calls, phone calls, and emails within organizations

John Eastman, Chief Technology Officer of InventX, said “This is yet another milestone for InventX. This partnership will provide data, information services, and other intellectual content that provide value to our customers.”

About Tacit
Tacit is an expert in automation solutions to address problems at the departmental, business unit, and enterprise level. The products automatically and continuously registers the skills and talents of an organization, so people can dynamically find and connect with the expertise they need to make decisions, solve problems, and serve customers. Tacit is headquartered in California's Silicon Valley and has another location in Chicago, IL.

About InventX
InventX is a new breed software solutions company providing products (SP²M^™.Portfolio™, SP²M^™.Ensemble™, SP²M^™.EIS™, SP²M^™.TimeManager™) software solutions, and integration services. Founded in 1997 in Richardson, Texas, InventX started out as a web-based Enterprise Project Management (SP²M^™) Solutions Company and has now expanded to offer extensive DPM (Distributed Project Management) and NPD (New Product Development) solutions. InventX’s Customer Care Group, consisting of teams of management and information technology professionals specializes in the training, implementation, and integration of InventX products. The product architecture of InventX is a unique feature. The basis of this architecture is the Project Management Institute (PMI) and Software Engineering Institute (SEI) frameworks. The consistency in deploying a common approach across a company using these products is provided through InventX’s iMomentum methodology. For further information on InventX’s products, services, and industry specific solutions, please visit our web site @ www.inventx.com.