Rearden Commerce™

Foster City, CA - May 6, 2008

Rearden Commerce, creator of the first web-based personal assistant that intuitively manages the everyday details of work and personal life, and Chase (NYSE: JPM) today announced the two companies will work together to develop a new customer loyalty platform to delight Chase's millions of consumer credit cardholders. To underscore the strategic nature of this relationship, Chase's parent company, JPMorgan Chase & Co., has taken an equity stake in Rearden Commerce. (See today's related announcement, Rearden Commerce Secures $100 Million Round of New Funding.)

"This relationship is all about serving our valued customers," said Gordon Smith, CEO, Chase Card Services. "By partnering with Rearden Commerce, Chase will extend its leadership in leveraging Internet technologies to drive the richest user experience and exceptional customer loyalty. No other Internet platform could deliver on this joint vision. This agreement will empower Chase with a true technology differentiator in our marketplace."

"We're delighted to partner with a leader like Chase to develop the foundation for an online loyalty program that leverages the full power of Web 2.0," said Patrick Grady, founder and CEO of Rearden Commerce. "This agreement is the first step in the evolution of the Rearden Personal Assistant™ from a tool for business users to one that provides consumers everywhere with an equally rewarding and addictive experience."

"This is a landmark deal for both companies, and the real winner will be the millions of Chase cardholders," commented Bruce Richardson, chief research office, AMR Research. "This relationship should give Chase a massive head start on a next-generation user experience for their cardholders. It also expands the reach of Rearden Commerce and its Rearden Personal Assistant to a vast new consumer audience. In addition, as a Chase cardholder, I'm looking forward to watching how Chase leverages the ever-expanding Rearden Commerce™ Platform and its personal assistant to shape the online loyalty program."

About Rearden Commerce

Rearden Commerce has developed the next-generation platform for commerce. The Rearden Commerce™ Platform combines a plethora of applications, services, content and powerful personalization capabilities that enable the most relevant and meaningful transactions possible. The Platform connects a network of more than 6,500 business customers across every market segment to 160,000 suppliers. More than 3 million knowledge workers and millions of consumers have access to the platform via the Rearden Personal Assistant™, which transforms today's chaotic Web and extraneous data into a highly personalized “internet assistant” experience. It simplifies a user's life contextually based upon their identity, location, and situation.

Rearden Commerce solutions deliver a new approach to spend management in the travel, procurement and finance sectors. The solutions are distributed globally by over 60 strategic partners including American Express, JP Morgan Chase, Paychex, and most leading travel management companies. For more information, visit reardencommerce.com.

Press Contact

Alicia diVittorio
For Rearden Commerce
650.376.8719
alicia.divittorio@reardencommerce.com

Kim Amsbaugh
For Rearden Commerce
650.815.1724
kamsbaugh@tieronepr.com
tieronepr.com