ITEM business concept presented at The IndUS Entrepreneurs (TiE) Atlanta Chapter

Atlanta, GA April 26, 2006 -- GxWorks, a technology consulting firm specializing in service-oriented architecture, presented the business concept behind the Incentivized Travel Expense Management system (ITEM) at The IndUS Entrepreneurs (TiE) Atlanta chapter meeting held today. GxWorks Director of Business Development Praveen Ghanta presented ITEM's expense target based approach as the next logical step in expense management. He further emphasized that incentives have been successfully utilized by the federal government to reduce T&E expenses since the late 90's.

GxWorks' Ghanta stated, "Companies incentivize their salespeople to sell; why don't they incentivize their employees to save?" He then described how ITEM enables corporations to incentivize their employees to reduce travel expenses by first setting expense targets for every travel expense, and by then rewarding those employees who keep their expenses below target while on a business trip. Ghanta continued, "In this instance, the Federal government beat the private sector to this concept - Federal employees have been able to earn rewards for cutting travel costs for over 7 years. The concept behind ITEM is to simply make this approach available in the corporate world."

Incentivized Travel Expense Management, or ITEM, provides a unique approach to T&E management by using expense benchmarks to both incentivize lower travel spending and to pinpoint areas of excessive spending. ITEM provides online expense reporting with the addition of expense targets that are calculated for every trip. Travel managers can use ITEM's expense targets to find cost drivers, and can also incentivize employees to spend below targets, generating savings for the company and rewards for the employee. Clients can use ITEM to provide complete expense management functionality, or they can integrate ITEM with existing T&E systems to take advantage of ITEM's benchmarking and incentive capabilities.

About TIE
TiE is a non-profit organization whose mission is to foster entrepreneurship and to nurture the next generation of entrepreneurs. TiE achieves its mission through scheduled events and mentoring activities. Our monthly meetings serve as forums for invited speakers to share their experience, stimulating thought, learning and discussions. These events are great forums for entrepreneurs and professionals to learn essential elements of succeeding in business. The events also facilitate networking among members, mentors and sponsors and serve to inspire and help further success in members' careers. TiE Atlanta distinguishes itself by the quality of the speaking engagements and focused one-on-one mentoring.

About GxWorks
GxWorks (formerly Beltech Solutions) is a privately held technology architecture and research firm located in Atlanta, Georgia. GxWorks' core technology architecture practice focuses on utilizing novel information and system architectures to solve business problems. In addition, GxWorks is currently focused on the delivery of ITEM, which enables clients to use reward programs to incentivize their employees and consultants to reduce T&E expenditures. Since 2000 GxWorks has provided technology solutions for firms in the financial services, telecommunications, and energy industries. GxWorks' principals combine industry experience with results-oriented research capabilities to produce innovative solutions for their clients. GxWorks' clients have included Deutsche Bank, Sapient, Cingular, PG&E, Taylor-Made, and Moore Capital.