DENVER and HOUSTON - October 18, 2004- Transzap, Inc.* a leading provider of digital data based solutions today announced the beta release of Spendworks Unplugged Edition™, the industry's first mobile approval system for field operations. Spendworks Unplugged Edition provides field management with the ability to electronically review and approve invoices, field tickets and work orders from the field, with or without connection to the Internet.

Transzap President Peter Flanagan said, "We know that oil industry professionals drilling and operating wells in the field require access to information and the ability to remotely authorize and approve purchases while away from the office. To respond to the needs of these mobile workers Transzap developed the Spendworks Unplugged Edition, an adjunct to the Spendworks web application, providing users unprecedented offline access, enabling electronic review and approval of invoices, field tickets and work orders and allowing users to synch with the on-line program when convenient."

Peter Flanagan concluded, "These advancements in the Spendworks system provide workers with unparalleled mobility, enabling companies to further reduce costs, improve efficiency and gain competitive advantage."

Several key Spendworks customers are participating in the Spendworks Unplugged Edition beta program, testing the features and innovations developed by Transzap in response to the requirements of an increasingly mobile workforce.

Spendworks, primarily a web-based service, eliminates paper and manual tasks, simplifying a company's purchasing and payables process. Over 1000 leading industry professionals use Spendworks to reduce handling costs and improve efficiency.

About Transzap, Inc. services
Through its suite of web-based software services Transzap™ simplifies financial and operational processes for companies by replacing paper-based tasks with digital data and collaborative workflow. The web-based software enables buyers and suppliers to exchange essential business information, paper-free. Transzap currently serves over 1000 companies through its services Spendworks™ (digital and scanned invoice processing), RevenueWorks™ (electronic invoicing) customer relations data posting and many industry-specific data exchanges. Transzap has offices in Denver and Houston. This news release and additional information are available: http://www.transzap.com

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

* This release was originally distributed under the service name Oildex