Global Logistics Giant and TradeCard Partner to Strategically Link Logistics and Finance
Paperless cargo receipt handling enables payment
New York, July 14, 2003. TradeCard Inc., the only
end-to-end Financial Supply Chain service provider for global trade partners, today announced a strategic
alliance with Maersk Logistics USA Inc. to deliver TradeCard's financial supply chain services to Maersk
Logistics customers. The two companies will integrate their respective service offerings to enable the
seamless delivery of the electronic forwarder's cargo receipts from Maersk Logistics' internal systems to the
TradeCard Platform. Wolverine World Wide, International Playthings, and Staples are some of the customers
using both Maersk Logistics and TradeCard who could immediately benefit from this new arrangement.
In conjunction with the technical integration, Maersk Logistics will offer the TradeCard solution as an extension
of their supply chain offerings. Maersk Logistics offers supply chain solutions to manage their clients'
physical and information supply chain, TradeCard will strengthen the loop on the transaction side of the
supply chain by electronically matching documents and facilitating payment.
"TradeCard's vision is to seamlessly integrate all facets of our customers' financial supply chain so that
all information is keyed in once and electronically communicated throughout the entire supply chain and
through the settlement process," commented Kurt Cavano, Chairman and CEO, TradeCard Inc. "We look
forward to enabling this vision through our partnership with Maersk Logistics."
About TradeCard, Inc.
TradeCard is the only end-to-end financial supply chain service provider that enables transparent commerce among
global trade partners over an open, secure and neutral network. For the first time, buyers and sellers can
manage transaction workflow with complete visibility into purchasing and financial transactions, from order to
settlement, resulting in optimized cash flow and credit lines
With TradeCard, global trading partners can realize unprecedented value from the financial supply chain including
immediate cost savings, improved partner relationships and shortened trade cycles. TradeCard offers the most
expansive network of extended trade services including export and vendor financing, payment assurance, money
movement and inspection. This range of offerings makes TradeCard a proven alternative to traditional paper-
based, expensive and labor-intensive trade settlement methods. Headquartered in New York City, TradeCard,
Inc. has offices in the San Francisco Bay Area, Hong Kong, Taipei, Seoul and Tokyo. TradeCard is a registered
trademark in the United States and elsewhere throughout the world. TradeCard is located online at
www.tradecard.com.
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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.
