Marketing Contact:
Kelly Crothers
Marketing Director
kcrothers@maintenancenet.com
Telephone: 760.496.7575

MaintenanceNet, Inc. Achieves Continued Revenue Growth in 2008 as Fortune 100 Technology Manufacturers Adopt Best-in-Class Service Contract Management Platform

Carlsbad, CA – January 28, 2009 – MaintenanceNet, Inc., the leading provider of extended warranty and maintenance contract management services, today announced strong results for 2008 including year-over-year revenue growth of 35 percent and marked expansion of its customer base. In addition, privately held MaintenanceNet reported that fourth quarter revenues in 2008 were the highest in company history.

Founded in 2001, MaintenanceNet currently manages more than $10 billion in maintenance contracts through Service360, its channel-friendly, software-as-a-service (SaaS) platform, which helps manufacturers and their channel partners achieve higher levels of profitability by selling more services. The new companies that signed on as MaintenanceNet customers in 2008 are among the largest electronics and technology manufacturers in the world, and include Fortune 100 and Fortune Global 500 organizations.

According to Scott Herron, CEO of MaintenanceNet, the outlook for continued growth in 2009 is positive. “The technology industry has been hit hard with hundreds of thousands of job losses in December alone. Now more than ever, organizations throughout the supply chain are turning to MaintenanceNet to bring about dramatic improvement in their ongoing service annuity initiatives,” he said.

MaintenanceNet maximizes service revenue opportunities by streamlining online service transactions, reducing costs, and eliminating the complexities traditionally associated with service sales in a two-tiered distribution model. Through its “register, renew, refresh” approach to service contract lifecycle management, MaintenanceNet makes it easier for manufacturers and their channel partners to strengthen product and service registration practices, sell and renew more service contracts, enhance technology refresh sales, and identify unattached assets (products sold without service agreements).

About MaintenanceNet
MaintenanceNet is the leading provider of extended warranty and maintenance contract management services. The company’s Service360 technology platform provides proven increases in overall profitability and revenue for manufacturers. MaintenanceNet’s channel-friendly solutions automate and improve underlying data integrity, resulting in reliable customer information for registering and renewing service contracts. Using its online, interactive software-as-a-service (SaaS) platform, MaintenanceNet provides the entire supply chain with a 360-degree view of their warranty and service contracts. The world’s largest technology leaders turn to MaintenanceNet to achieve greater success in their service businesses. For more information, please visit www.maintenancenet.com or call 866-699-7212.

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MaintenanceNet, Service360, Registration360, Quote to Order and Campaign360 are trademarks or registered trademarks of MaintenanceNet Incorporated.