nextSource launches the 4th Generation of it's Vendor Management Software, TAMS 4.0

NEW YORK, May 6, 2002 — nextSource Inc. – a leading provider of Human Capital and Spend Management Solutions – announced the release of Version 4.0 of their flagship ASP software, the nextSource Talent Acquisition Management Solution™ (TAMS).

John Sculley, nextSource Advisory Board Chairman said, "The hottest sector of the human capital market will be vendor management, with prospects for continued growth of software and services. The high quality of the nextSource software offering coupled with our management's domain experience, makes nextSource the one to watch in this high growth space. I am very excited about this company."

nextSource, the first in the industry to reach a 4th generation of their software, takes vendor management to the next level with its robust solution. Some features are:

• Customers are able to now post and release all types of openings--contingent, projects, temporary (clerical/industrial) and direct (permanent).
• TAMS now has a user-customized Dashboard which allows the user to select the functionality they often use, and allows one-click access to all application functions.
• As part of the reporting capabilities, nextSource has added professional engagement evaluations and enhanced vendor evaluations to help companies identify strengths and abilities in both their contingent workers and current vendors.
• TAMS will now connect to The People Blue Book™, allowing customers to have virtual access to market rates.

nextSource believes that over fifty percent (50%) of corporate spend is allotted to "human capital assets". Employing a staffing management service will make organizations both more effective and more profitable. nextSource delivers a suite of software and services through a web-based application and has extensive expertise in developing, implementing and servicing staffing management solutions. nextSource's implementation team works with each client company's Procurement, Human Resources, and Financial organizations to adapt their solution to the client's current processes.

About nextSource

nextSource, Inc. is a leader in the development and implementation of workforce management solutions that address the enterprise-wide challenges associated with the sourcing and management of contingent labor, direct employee hires and deliverable-based project work. nextSource's solutions combine the latest technologies and the industry's best practices, allowing clients to streamline processes, identify and manage their spend, and mitigate risk. The PeopleTicker™, nextSource's most recent innovation, is the industry's only real-time hourly rate and salary benchmarking tool which enables users to monitor market fluctuations for their full-time and contingent workforces to determine current market rates and salary data specific to industry, geographic region, skill-set, and experience level. John Sculley, former CEO of Apple Computer and PepsiCo, Inc., is the chairman of the nextSource Advisory Board. For more information, visit http://www.nextsource.com.