ANXeBusiness Acquires Virtual Services, Inc.

ANXeBusiness Acquires Virtual Services, Inc.

SOUTHFIELD, M.I. , July 2, 2007 ANXeBusiness Corp., (ANXeBusiness) today announced it has acquired the assets of Virtual Services, Inc. (VSI) and will merge the two companies in order to provide an expanded suite of global data communications products and services to its customers in the automotive and aerospace industries.

“We are very excited about the opportunity that the combination of ANX and VSI gives us to increase collaboration and integration between our customers and their design and manufacturing business partners,” Rich Stanbaugh, president and CEO of ANXeBusiness. “Integrating our two companies' products and services allows our customers to more efficiently employ their global design resources and to reduce their time to market. We believe in, and are investing in, the future of the global automotive market.”

VSI is a high-technology company based in Troy, Michigan. The company began operations in 1983 and provides Product Lifecycle Management (PLM) solutions, including Catia, UGS NX, Teamcenter and Smarteam implementation, training and technical support to approximately 500 OEMs and suppliers in the automotive and aerospace industries.

ANXeBusiness owns and manages the ANX® Network . the world's only multiprovider, global, virtual private network used for the transmission of business-critical data . and provides its customers with a range of technology solutions in the Managed Network Service and Transaction Delivery areas. Companies use ANXeBusiness products and services to communicate with their extended supply chains for such things as product development data, EDI (Electronic Data Interchange), financial transactions and other data that requires rapid, reliable and highly secure transmission.

“This is a major breakthrough for our industry,” said Mark Ratliff, president and CEO of VSI. “The ability to integrate complex engineering tools, processes and methodologies that support product development and manufacturing activities along with a highly secure network will provide our customers with the opportunity to reduce product development time, lower cost and improve quality. This will also allow a community of OEMs to be directly connected 7x24x365 to its global supply base and allow Tier I suppliers to connect, collaborate and share design information with its extended supplier community.”

ANXeBusiness Corp. (www.anx.com) is headquartered in Southfield, Mich., and has offices in Research Triangle Park, N.C. Earlier this year, ANXeBusiness acquired the assets of MISG (Management Information Systems Group) and has integrated that operation as a division of ANXeBusiness. For more than 25 years, MISG has been developing solutions to facilitate industry-wide implementation of electronic document exchange for the automotive aftermarket, plumbing, heating, air conditioning, publishing and electrical industries.