DENVER and HOUSTON − May 16, 2006 − Transzap™, a leading digital data exchange and e-payable service provider, announced today the release of TrendX™, the first business intelligence tool of its kind. TrendX enables companys to track, manage and contain costs in real-time. TrendX is a SaaS-based (Software as a Service) system.

TrendX is a "point and click" analysis tool that spans across departments. It is used by managers to identify and chart areas for strategic improvement and growth. The Trasnzap Spendworks e-payable system provides the intelligence data used in TrendX.

Peter Flanagan, President of Transzap, said, "TrendX helps companies protect and grow their margins by providing real-time business intelligence to identify trends and opportunities. CEO’s, accountants, and managers use the system to gain instant visibility into their company’s current and historic costs, enabling them to make well-informed bottom-line decisions."

Kevin Finnegan, Vice President of Information Systems, Bill Barrett Corporation (NYSE: BBG) said, "TrendX gives our engineers the tool they need to easily monitor and control costs while working to increase production in the field."

TrendX is a fully scalable tool that’s both accessible and affordable to companies of any size. Both Spendworks and TrendX are built using a unique hybrid platform of Microsoft smart client and internet-based technologies. They are delivered in the SaaS (Software as a Service) mode.

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 1000 companies and 10,000 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