Transzap™ Inc. Processes $69 Billion in Transaction Detail in 2006

User Network Triples in Size to 30,000

Growth Milestones Signify Industry-wide Acceptance of e-Payables, Digital Data & Business Intelligence Tools

DENVER and HOUSTON - Jan 24, 2007 - Transzap, Inc. the leading provider of e-payable services and digital data, today announced record transaction levels for 2006. Transzap reports 12 month aggregate transaction values of $69 billion. Additionally, the Transzap client base grew to 30,000 registered users, representing an increase of nearly 200%.

Peter Flanagan, President of Transzap, Inc., said, "A growing number of companies rely upon Transzap services to cut costs, manage growth and track business performance. We believe the rapid growth we've experienced, confirms the value we provide to companies seeking an operational edge. Transzap delivers the most complete and widely used service of its type and we look forward to building on our momentum in 2006 with an even stronger 2007."

Transzap provides a complete service line for managing the electronic transmission and processing of invoices, revenue, and expense data. By shifting from paper to an electronic process, companies of every size reduce their process costs by up to 75% while enhancing visibility, control and analysis capability. The award-winning Transzap e-payable system, Spendworks™, and its digital data hub, TrendX™, are the products of seven years of extensive research and development and employ some of the most innovative SaaS-based (Software as a Service) technology in the industry.

About Transzap, Inc.
Transzap™ simplifies financial and operational processes by replacing paper-based tasks with digital data and workflow. The web-based software also provides unparalleled access to information about how and where a company spends its money. Through its Oildex services, Transzap provides one of the energy industry's largest Internet-based data exchanges serving over 2200 companies and 30,000 users. Currently available commercial services include: digital and scanned invoice processing with Business Intelligence (Spendworks™), owner/producer relations data posting, check stub reporting (CDEX), crude oil data exchange (CODE), gas data exchange (GRADE), production and sales volume reporting and joint interest billing (JIB Connect™). Oildex has offices in Denver and Houston. This news release and additional information are available: http://www.transzap.com; http://www.oildex.com.

For additional information:
Contact:
Karey Goebel
Marketing Director
Office: 303-222-6116
kgoebel@transzap.com