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Cary Street Partners Advises CorMine on its Acquisition of Perfect Commerce, Inc.

July 20, 2007 - Cary Street Partners is pleased to announce that it served as the exclusive financial advisor to CorMine LLC in connection with its acquisition of Perfect Commerce, Inc. Operating under the Perfect Commerce name, the newly formed entity will represent the market leader in the procurement and spend management industry. According to G. Hampton Wall Jr., the new company’s president and CEO, the “merger brings unparalleled depth and breadth of technology and service offerings to existing and prospective customers – a one-stop, world-class solution for all of their sourcing and procurement needs.” Terms of the transaction were not disclosed.

Prior to the merger, CorMine was a leading provider of procurement operations and sourcing solutions for many of the world’s most recognizable companies. Since its founding in 2001, the company has used proprietary technology and subject matter expertise to assist companies with the buying, managing, and leveraging of indirect spend and capital management.

Cary Street Partners Holdings, LLC is a limited liability holding company that owns 100% of Cary Street Partners LLC, a registered broker-dealer and Member of FINRA/SIPC, and 100% of Cary Street Partners Investment Advisory LLC, a federally registered investment advisor. Cary Street Partners is the trade name used by two separate, registered firms providing securities brokerage, insurance and investment advisory services. Products may not be available in all jurisdictions.