HONG KONG-BASED KIDDIELAND TOYS LIMITED CHOOSES TRADECARD TO CUT COSTS, STREAMLINE TRADE
TRANSACTION PROCESSES
Hong Kong, October 29, 2001 - Kiddieland Toys Limited, a 4 year-old Hong Kong company, has begun
using TradeCard, whose financial supply chain services enable buyers and sellers to initiate, conduct and settle
trade transactions securely over the Internet, for trades with International Playthings, the U.S. toy importer.
Kiddieland Toys Limited manufactures "Earlyears" products - a signature brand among International Playthings' family
of toys.
International Playthings, which began using TradeCard earlier this year, urged its suppliers to become members
shortly thereafter, underscoring the cost and process efficiencies that could be achieved by using the TradeCard
system. Kiddieland Toys Limited was among the first of nearly a dozen International Playthings vendors to become
TradeCard members.
"TradeCard means less paperwork, lower costs, and shorter turnaround times for our trade transactions," said Carmen
Chong of Kiddieland Toys Limited. "We can determine the status of a transaction and see where the electronic
documents are at all times - a refreshing improvement over keeping track of paper documents. TradeCard lets us focus
on making toys instead of processing transactions."
TradeCard provides an alternative to traditional paper-based, expensive and labor-intensive trade settlement
methods. The web-based system enables buyers and sellers to initiate, conduct and settle trade transactions online
through TradeCard's secure network. The system has proven beneficial for companies of all sizes. Smaller companies
can access the TradeCard system through a simple browser, and larger companies can access TradeCard through their
existing Enterprise Resource Planning (ERP) systems.
According to a Cap Gemini Ernst & Young benchmarking study of 150 large companies, the firm believes that automation
of the financial supply chain with TradeCard's technology along with targeted business process realignments could
save companies 50 to 100 basis points of top-line revenue. Such savings result from improvements to working capital,
risk management, and business process costs, including the labor and fees related to purchasing, invoicing, accounts
receivable, accounts payable, treasury, and cash management.
"Kiddieland Toys Limited and International Playthings prove that business relationships can become more efficient
and profitable by using TradeCard instead of outmoded processes that are paper- and labor-intensive," said Kurt
Cavano, TradeCard Chairman and CEO.
About TradeCard, Inc.
TradeCard is a financial supply chain service provider. TradeCard's secure transaction infrastructure greatly reduces
the inefficiencies and uncertainties found in traditional domestic and cross-border trade transaction processes. By
streamlining and enhancing the steps necessary for purchase order approvals, payment decisions and settlement,
TradeCard provides a cost-effective, practical and patented service for financial supply chain management.
TradeCard, Inc. is headquartered in New York City with offices in San Francisco, Seattle, Chicago, Hong Kong,
Taipei, Sao Paulo, Seoul, Tokyo and London.
TradeCard can support transactions among the following countries: Australia, Austria, Belgium, Brazil, Canada,
Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, the Netherlands, Norway, Portugal, Singapore,
South Korea, Spain, Sweden, Switzerland, Taiwan, the United Kingdom, and the United States.
TradeCard is a registered trademark in the United States. TradeCard can be found on the World Wide Web at
http://www.tradecard.com.
About Kiddieland Toys Limited
Kiddieland Toys Limited is a Hong Kong-based toy company established in 1997. Kiddieland's main product categories
include preschool toys and toys for infants, a special selection of toys for girls and outdoor toys for young
children. All toys are produced in its factory in Guang Dong Province in China and imported to customers in various
countries including International Playthings in the US. Kiddieland Toys Limited has been manufacturing "Earlyears"
products - a signature brand among International Playthings' family of toys - for two years.
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This press release contains a number of matters that constitute forward-looking
statements. The presentation reflects the current views of TradeCard's
management with respect to future events and is subject to risks and
uncertainties that could cause actual results to differ materially
from those contemplated in such forward-looking statements.