Exhibit 99.1

[LETTERHEAD OF SOURCINGLINK(TM)]

                                                                   PRESS RELEASE

INVESTOR RELATIONS CONTACT
Gary Davidson
Chief Financial Officer
858.385.8900, Ext. 301
Fax: 858.385.8997

Email: investor@sourcinglink.net

FOR IMMEDIATE RELEASE:

                        SOURCINGLINK ANNOUNCES COMPLETION
                    OF ADDITIONAL $100,000 EQUITY FINANCING;
                        BRINGS TOTAL RAISED DURING FISCAL
                           FOURTH QUARTER TO $650,000

     SAN DIEGO, CA, APRIL 1, 2002 - SourcingLink.net, Inc. (NASDAQ - SNET), a
leader in business-to-business merchandise sourcing for the retail industry,
today announced that it has raised $100,000 in gross proceeds through the
private placement of common stock and warrants to purchase common stock to an
accredited investor. This financing was completed following a recently concluded
$550,000 financing, bringing the total raised during the quarter ended March 31,
2002, to $650,000. The funds will be used to expand the Company's sales and
marketing activities and provide additional working capital for the Company.

     In connection with the financing, SourcingLink issued 111,111 shares of
common stock at $0.90 per share and seven-year warrants to purchase an
additional 111,111 shares of common stock at an exercise price of $1.00 per
share; provided, however, between March 29, 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 55,555 shares of common stock
at an exercise price of $0.90 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.

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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