SourcingLink Announces Completion of $550,000 Equity Financing

    SAN DIEGO, March 25 /PRNewswire-FirstCall/ --
SourcingLink.net, Inc. (Nasdaq: SNET), a leader in business-to-business
merchandise sourcing for the retail industry, today announced that it has
raised $550,000 in gross proceeds through the private placement of common
stock and warrants to purchase common stock to a select group of institutional investors.  The purpose of this financing was to raise additional funds to expand the Company's sales and marketing activities and provide additional working capital for the Company.
    In connection with the financing, SourcingLink issued 1.1 million shares
of common stock and seven-year warrants to purchase an additional 1.1 million shares of common stock at an exercise price of $0.75 per share; provided, however, between March 22, 2002 and May 15, 2002 and at any time during the month of March 2003, SourcingLink can require the warrantholders to exercise the warrants for up to an aggregate of 550,000 shares of common stock at an exercise price of $0.50 per share.
    The shares and the warrants have not been registered under the Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States absent an effective registration statement under the Act covering such shares or warrants or a valid exemption from the registration requirements of the Act.
    "This new investment from high quality institutional investors further
strengthens our cash position and enables us to more aggressively expand our sales channels in response to positive market reception of our products and services," said President and CEO, Dan Rawlings.

    About SourcingLink:

    SourcingLink ( www.SourcingLink.net ) is a leader in business-to-business
merchandise sourcing, providing strategic services and hosted solutions that
enable retail buyers and their suppliers from around the world to market,
source and negotiate with speed and improved margin.

    SourcingLink is a registered trademark of SourcingLink.net, Inc.

    Any statements in this announcement about future events or outcomes are
preliminary and based on partial information and assumptions, and actual
results may differ.  The matters discussed in this announcement contain
forward-looking statements that involve risks and uncertainties, including the successful deployment of new Web-based technologies and solutions, the
development and growth of markets targeted by SourcingLink, the continued
employment of key employees, the acceptance of electronic collaborative
solutions, services and exchanges by retailers and suppliers, the successful
and timely marketing and sales of the company's services and solutions with
retailers, suppliers and exchanges, the continuation of agreements with
significant business partners, subsequent competition and the impact of supply chain exchanges, general economic conditions in the U.S. and abroad, and other risks detailed from time to time in the company's public disclosure filings with the U.S. Securities and Exchange Commission (SEC).  Copies of the most recent forms 10KSB and 10QSB of SourcingLink are available upon request from its corporate office.  SourcingLink expressly disclaims any obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or otherwise to revise or update any oral or written forward-looking statement that may be made from time to time by or on behalf of the company.

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SOURCE  SourcingLink.net, Inc.
    -0-                              03/25/2002
    /CONTACT:  Investor Relations, Gary Davidson, Chief Financial Officer of
SourcingLink.net, Inc., +1-858-385-8900, Ext. 301, Fax, 858-385-8997,
investor@sourcinglink.net/
    /Web site:  http://www.SourcingLink.net /
    (SNET)