Create Service Agreement - In Status field, "Release" is not appearing.

Hi folks,
I am creating a simple Service Agreement in CRM Web UI. Entered all data required like Customer, product, org details, price discount etc.. and tried to "release" before saving.
In the Status field "Release" option is not there to select. I see only "In Process" and "Completed".
Can anybody tell me how to make 'Release' available, so that I can release the document and save it.
The price is not determined for the product. Could that be the reason?
The document is error free as I don't see errors in App log.
Please give me and idea to resolve. Will be generous in giving points.
Regards,
John

Hi Shashidar,
Thank you for your response. Here is the following steps I did:
1. Status profile is CRMORDER
2. In this status profile, I see the following:   Open with status No.10
                                                                    In Process - 20
                                                                    Completed - 30
                                                                    Rejected - 40
3. I added a new entry for Released with status number: 50
4. I have taken care of the Lowest and Highest Limits.
5. I also checked the 'Object Type' as 'Agreement'
Now, I am not clear which Business Trans I should assign. In the drop down list, I see many Bus.Trans for 'Release'
such as APRL - Release / CALL - Release / CREL - Release and so on.
My question is, which one of these should I select. I tried couple of them, it did not work. (Release still not appearing on CRM7.0 Web UI)
Currently, I am trying to release a Service Agreement on the Web UI. I played around with lowest and highest limits a couple of times and it changes accordingly in Web UI. But some reason 'Release' is not visible which carries the status No.50.
I wonder what is going wrong. Any help would be well appreciated with generous points.
Thank you in advance,
Fred

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Create Service Agreement - In Status field, "Release" is not appearing.

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