Press Release

BlueFolder, Inc. Secures Financing from Private Investors

Investment to Transform Technology into On-Demand Solution

Colorado Springs, CO. - July 30, 2005 - BlueFolder, the leader in Service Team Automation (STA), today announced it has secured an undisclosed amount of private equity investment for the purpose of completing the transformation of its technology into a fully hosted software-as-a-service (SaaS) platform.

"This first round of financing from outside investors is another validation of our vision and will ensure that BlueFolder successfully implements a solid service offering," said Tim Newcome, BlueFolder's Chief Executive Officer. "We are excited that this investment allows us to get our Service Team Automation solution to a large audience of subscribers in the market as an on-demand solution." The financing included multiple private angel investors.

About BlueFolder

BlueFolder is the world's leading provider of Service Team Automation (STA) Solutions. Its flagship offering, BlueService™, is a web-based and fully managed application delivering a simple and accessible method for businesses to manage their service teams and extended resources. Through the power of BlueService and with no need for software or hardware, companies of all sizes are reaching an immediate return on investment by significantly increasing efficiency and dramatically reducing operational costs. The result is a superior customer experience and a sustainable competitive advantage. BlueService is offered at multiple levels, priced on a monthly basis, and does not require an annual commitment.

BlueFolder is a privately held company headquartered in Colorado Springs, Colorado, voted the best place to live in the United States by MONEY Magazine. For more information, visit BlueFolder's website at http://www.BlueFolder.com or call 866.253.BLUE.