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Celerity Announces New Contracts Through Its Slingshot Division

November 15, 2006

Celerity today announced four new contracts for its Slingshot eCity application suite. The total value of these agreements is in excess of $1M.

Bare Escentuals has licensed the eSell (sales order management) and eTools modules. Bare Escentuals produces and distributes cosmetics through multiple sales channels (web, retail and premium wholesale).

CitiStreet, A State Street and Citigroup Company has licensed the Company’s Receivables and eTools modules. CitiStreet is a premier global benefit provider, and one of the nation’s largest retirement plan record keepers.

Anvil International has licensed the Company’s eSell product. Anvil International supplies piping component products through a network of Anvil-owned distribution centers and through third-party representatives throughout the US. eSell will provide these companies with order and inventory visibility.

GE Tip/ModSpace (a division of GE Capital) purchased an upgrade to its existing eCity licenses. GE utilizes the Slingshot eStock and eRequest modules at over 180 locations in US.

According to Paul Carr, Celerity’s President and CEO - “Unlike our competitors, Slingshot products can be easily tailored without programming. Our recent successes affirm our ‘package plus’ strategy”.

The eCity suite is a series of “web based” Enterprise Distribution, Procurement, Warehousing and Financial Management applications built on Microsoft’s .NET architecture. Support is provided for Oracle and SQLServer databases. All applications are developed in eToolstm – Slingshot’s rapid application development environment for MS.NET applications. eToolstm allows Slingshot’s customers to “personalize” their applications without programming.