Zalton and TradeCard bring seamless trade transaction flow to retailers
Partnership to provide online transaction capabilities from PO to settlement
Hong Kong, March 20, 2003. TradeCard, the leading financial supply chain service provider that
enables online management of global trade transactions, announced today that it will collaborate with Zalton
Enterprises Ltd, the Hong Kong-based auto-identification systems company, to provide seamless transaction
capabilities for traders. The partnership will enable customers to complete their trade purchasing transactions
completely online from electronic purchase order delivery and generation of Advanced Shipping Notices to
financial settlement. Zalton, which has developed customized Supply Chain Management solutions for specific
customers, including US retailers JC Penney and Target, will work with TradeCard to integrate their services to
offer straight-through processing to their customers.
Kurt Cavano of TradeCard said: "Zalton and TradeCard have the same objective: to automate the manual and paper-
laden tasks in trade transactions associated with ordering, fulfillment and settlement. Procurement in the retail
industry is particularly complex and profits rely heavily on the correct goods being on the shelf in the right
season, so we focused on providing an easy-to-implement solution to help our customers succeed."
"Identifying the goods is crucial and this is where Zalton bring our expertise into this partnership but
TradeCard takes this one step further by moving the information about the goods along the supply chain through to
automated document matching and financial settlement," said Danniel Woo of Zalton Enterprises Ltd. "Our
collaboration makes absolute sense and will give our customers the perfect tool to take their global procurement
to a new level."
About TradeCard, Inc.
TradeCard is a financial supply chain service provider and manages trade transactions from procurement through to
settlement. The TradeCard solution aligns the documentary and financial requirements of a domestic or
international trade transaction with the physical movement of goods, eliminating time-consuming and error-prone
manual 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 can send and receive trade information and documents to and from any country in the world. Our money
movement capabilities allow us to move money to any country that has a modern banking system. Our network of
financial institution partners allows us to facilitate services such as payment assurance, cargo insurance and
trade finance in dozens of countries.
TradeCard, Inc. is headquartered in New York City with 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 can be found
on the World Wide Web at http://www.tradecard.com.
About Zalton
Zalton Enterprises Ltd, founded in 1992 in Hong Kong, is a leading supplier of thermal transfer tags, printing
equipment and labeling systems for all commercial and industrial sectors. In addition to providing leading edge
printing equipment and a wide assortment of labels, Zalton also provides customers with high performance data
capturing solutions, in particular focusing on Barcode Technology through mobile computing and EDI applications
for logistics management and control. Zalton has branch offices in China and services customers in countries
including Indonesia, India, Sri Lanka, South Korea, the Philippines and Singapore. Zalton's customers are in
various industries such as government, hospitals, logistic companies, retailers, wholesalers and manufacturers
and customers include JC Penney, Brooks Brothers and Target. Zalton can be found on the World Wide Web at www.zalton.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.
