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NEW YORK, May 21, 2003 - TradeCard, the leading financial supply chain services provider that connects buyers and suppliers over the Internet for paperless trade transactions, today announced its participation at the Retail Systems Show in Chicago, from June 10-12, 2003.
he Retail Systems Show is America's Leading Retail IT and Supply Chain event and TradeCard will be present to showcase its proven global trade transaction management solution to the retail world. Retail companies already benefiting from using TradeCard for global procurement and financial settlement include JC Penney, Kmart and RadioShack. TradeCard will be at booth #2538. The show presents an opportunity to meet with Kurt Cavano, Chairman and CEO of TradeCard Inc.
Since launching in April 2000, TradeCard has provided alternatives to the traditional paper-based, expensive and labor-intensive trade settlement methods occurring throughout the world. The web-based system enables customers and suppliers to initiate, conduct and settle trade transactions online through TradeCard's secure, open and neutral network. TradeCard currently has around 600 member companies and has seen year-on-year revenue growth of over 350%.
Compared with the traditional way of conducting global trade transactions, the system is unique as it accommodates all types of trading relationships - completely paperless. Benefits of using the system for retailers include complete on-line visibility into the entire process from original PO to final settlement for all parties, enabling optimization of cash flows and communications. Retailers using TradeCard to manage their entire Financial Supply Chain save time and money, free up bank credit lines, detect problems earlier, automate payment management, and tap into a network of financial service partners for credit protection, financing, money movement and purchase discount programs.
About TradeCard, Inc.
TradeCard is a financial supply chain service provider and manages trade transactions from purchase order through settlement. 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 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 the Retail Systems
Show established in 1990, this annual tradeshow provides a unique venue where retailers, wholesalers, and suppliers can share the latest in technology and business strategies. There will be more than 250 companies featuring leading-edge solutions for the retail sector and last year's show saw more than 1,300 visitors. The Show venue is at McCormick Place, Lakeside Center, Chicago Il, USA. The Retail Systems Show can be found on the World Wide Web at www.retailsystems.com
