Unrivaled Government Procurement Database Onvia Dominion® Now Directly Accessible Via Cutting-Edge New Search Tool

Seattle-based Company Launches New Database Search Tool “Onvia Navigator” and Shows Solid First-Quarter Results

SEATTLE (May 4, 2006) – In groundbreaking news for companies nationwide wishing to win more government contracts, clients of Onvia (NSDQ: ONVI) can now direct their own research using Onvia Dominion®, Onvia’s unparalleled government business intelligence database, in tandem with Onvia Navigator, the Seattle-based company’s new, state-of-the-art search tool. The move by Onvia to make its entire proprietary database – consisting of millions of government procurement records gathered over five years – directly searchable, customizable, and readily accessible with a cutting-edge search tool comes as welcome news to the company’s 16,400 clients.

Onvia Dominion, a “gold mine” of qualified government business intelligence and hard-to-find historical data, is recognized by companies throughout the U.S. as the industry’s leading government procurement records database. The proprietary, ever-expanding database currently contains over 2.7 million categorized and linked government procurement records, across 71,000 purchasing offices, representing 292,000 buyers, and connecting more than 181,000 companies. The breadth and depth of government contracting intelligence, contact information, and logistical details for current and historical purchases within the Onvia Dominion database is unequalled – even within government itself. Onvia’s reputation for providing cohesive, critical business intelligence continues to grow, as companies see bottom-line success through researching competitors, exploring new or emerging markets, working to identify potential partners, or building sales pipelines for renewing annual contracts.

The millions of government procurement records within the Onvia Dominion database now are directly searchable online through Onvia Navigator, Onvia’s new search tool which went live on April 3rd of this year. Onvia Navigator allows user-driven access to Onvia Dominion; it enables users to focus their business research by rapidly drilling down into search results, and narrowing their business research by groups such as industry, procurement type, contract location, agency, and contract value. Unlimited access to the database allows clients to find information critical to making business decisions, information that would otherwise be difficult-to-impossible to access without an extensive network of business contacts, a historical archive of government purchasing transactions, and a substantial investment of time and resources.

Prior to Onvia Dominion, companies often were simply unable to find the difficult-to-locate procurement opportunities and necessary strategic intelligence they were seeking. When they were able to locate these opportunities, companies still had to meticulously build, archive and sift through government procurement records themselves – missing out on countless opportunities, limiting their scope, and often locating opportunities too late and wasting precious hours of business research time in the process.

Companies nationwide have been quick to reap the rewards offered by Onvia Dominion and Onvia Navigator, such as Dunn Lumber, a Seattle-based, family-owned building materials chain founded in 1907.

“In under one year since subscribing to Onvia, we’ve increased our government contracts-related business using intelligence from the Dominion Database from $100,000 annually to nearly $3 million,” according to Kelly Fox, Dunn Lumber’s Store Manager. “In such a short timeframe we’ve won sizable government contracts and dozens of smaller contracts, as well.

“The Dominion Database and Onvia Navigator have added up to the solution we needed to proactively find the important business intelligence we needed and secure contracts,” Fox added. “In particular, Onvia Navigator is user-friendly, and it easily lets us customize and tailor our searches of Onvia’s database for the many pieces of information we need, such as really solid leads, contact information, and contracts awarded annually. It’s also definitely trimmed down on the amount of hours we spend researching; what used to take us 20 hours now takes us only three. We have so much more time now for other areas of our business, such as store management and personnel issues.”

The Onvia Navigator search solution is the most recent in a host of user solutions that optimize the valuable intelligence that makes up the Dominion Database. In addition to Onvia Navigator, for example, clients also may easily research owners, buyers, vendors, and project histories for specific government procurement opportunities through Onvia Business Builder. Additionally, the popular Onvia Guide delivers leads and other important government procurement records from thousands of federal, state, local and education agencies daily.

“There are literally millions of pieces of valuable data in the Onvia Dominion database that can translate into concrete government contracts for U.S. businesses,” noted Onvia CEO Mike Pickett. “There’s a reason so many businesses today are teaming with Onvia. What we’re doing is different from any other company in the industry. We’re offering a way for companies to ‘mine’ this incredibly large database of government procurement opportunities, which gives them an enormous advantage. They can now very easily tailor their searches for qualified leads, contract information, valuable business-to-business opportunities, even research their competitors – and save an impressive amount of time in the process. All told, we’re offering hundreds of millions of dollars in government contract opportunities for businesses today through our Onvia Dominion database. And that number is just waiting to be capitalized on by our clients.”

On the financial front, Onvia has reported first-quarter results and metrics, showing 12 percent growth in annual contract value growth and 7 percent in revenue over the prior year. “Our results clearly reflect that Onvia recognized an unserved market need, and we are strategically tackling that opportunity,” according to Pickett. “Companies nationwide were demanding more organized access to all of the government procurement intelligence and opportunities that exist today, and Onvia has been able to provide the solutions they’ve needed, plain and simple. Our results this quarter are a solid reflection of this dynamic.”

About Onvia

Onvia (NASDAQ: ONVI) helps companies identify and win government business across such diverse markets as architecture, engineering, construction, IT/telecom, consulting services, operations and maintenance, office equipment, transportation and medical equipment. More than 16,400 Onvia clients across the United States enjoy significant competitive advantage through access to Onvia’s Dominion® database, the most comprehensive source of actionable government procurement intelligence available. With ever-expanding coverage of more than 71,000 federal, state and local purchasing entities, Onvia delivers timely, in-depth information and insight on requests for proposals and quotes, agencies, decision-makers, vendors and project histories to help companies focus their sales resources on the best opportunities and convert them into awards. Onvia was founded in 1996 and is headquartered in Seattle, Washington.

Securities Safe Harbor

This release may contain, in addition to historical information, forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or beliefs, and involve risks and uncertainties, including statements regarding the features of Onvia’s new products, expected capabilities of the new product features, the business-to-government marketplace, the value of sales intelligence to companies doing business with government agencies, and the features of the government procurement database. Onvia’s actual results could differ materially from those described in the forward-looking statements.

The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the Onvia Dominion and Onvia Navigator products fail to meet their expected capabilities; the government procurement records may contain errors and inaccuracies; the laws and regulations may somehow change to prohibit Onvia’s collection and maintenance of government procurement records; Onvia’s technology fails to keep up with the growing demands of businesses in the government market; competitors may develop similar technologies and products; and Onvia has overestimated the value of sales intelligence to companies doing business with government agencies.

For a detailed discussion of these and other cautionary statements, please refer to Onvia’s filings with the Securities and Exchange Commission (SEC) including Onvia’s Annual Report on Form 10-K for the year ended December 31, 2005 and Onvia’s Proxy Statement filed with the SEC on April 5, 2006.

SOURCE: Onvia

For more information contact:
Jen Beltz
Infotech Strategies
207-899-2750
jbeltz@itstrategies.com

Comments are closed.

Related Posts

None