TRADECARD AND TRADELINK TECHNOLOGIES PARTNER TO OFFER INTEGRATED SUPPLY CHAIN SERVICES
Companies' combined services will save time and money for traders
Hong Kong, September 18, 2001 - TradeCard Inc., the online financial supply chain services
provider, and TradeLink Technologies, the supply chain and logistics solutions provider, today announced an
agreement that will provide shared customers with both the online financial settlement and transaction services
offered by TradeCard and the electronic shipment information capabilities offered by TradeLink Technologies.
The combined services will link the physical and financial supply chains through online automation. Further,
traders using this new offering will gain comprehensive visibility and control over their transactions for both
the physical movement of goods and the information necessary for financial settlement.
"Companies are changing the way they think about their supply chains, and they realize that automation has to include
financial processes," said Daniel Entac, Managing Director of TradeLink Technologies. "While great strides have
been achieved by streamlining the information process around the movement of goods, adding tools to automate the
financial settlement portion of a transaction will provide tremendous supply chain benefits. Our alliance with
TradeCard allows us to help our customers speed up the payment side of a transaction through web-based
technology, and achieve real savings in the process."
By using a powerful system architecture, Hong Kong-based TradeLink Technologies transforms customers' purchase order
data through a bar code driver format that allows trading partners such as suppliers and transportation companies
to identify shipments, costs and deliveries. Its trading portal, TradeLinkOne leverages logistics expertise with
Internet technology to enable information transparency and profitability in business trading activities.
Customers include Tommy Hilfiger, Liz Claiborne, Warnaco, Williams-Sonoma and Century Distribution.
"We understand the importance of linking the physical movement of goods with the movement of money. The faster
parts, information and decisions can flow through the chain, the faster companies can respond to customer needs
and save money in the process", said Kurt Cavano, Chairman and CEO, TradeCard Inc. TradeLinkTechnologies shares
our vision that the supply chain has to include the financial settlement and procurement part to be truly
efficient."
About TradeCard
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, Seoul and London. TradeCard can be found on the World Wide Web at http://www.tradecard.com.
About TradeLink Technologies
TradeLink Technologies, a business logistical solutions provider, offers international apparel, footwear, hard
goods and retail businesses the expertise and Internet-enabled technology to enhance transparency and
profitability in all business-trading activities. Through its trading portal, TradeLinkOne.com, the company
collects and distributes all documents, orders and shipping details, automating clients' inventory and shipment
information. This web-based technology works in conjunction with thin client server applications located on site
at suppliers and transportation partners. The products are PackOne and Shipone.
TradeLink Technologies enhances procurement, fulfillment, payment, logistics and full supply chain visibility. The
process allows both retailers and manufacturers to improve supply chain operational efficiencies and
competitiveness, reduce cycle times, maximizes inventory turnover and decrease total supply chain costs. The
company was founded in April 2000 and has grown to 25 staff and serves such internationally respected companies
as Liz Claiborne, Tommy Hilfiger, Fantastic Garments, Williams-Sonoma, Century Distribution, BALtrans Logistics
and AGI Logistics. TradeLink One has its main offices in Hong Kong and Charlotte, NC. USA. Please visit this
web-site for further information: www.tradelinkone.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.