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NEW YORK and SINGAPORE - October 30, 2000 - TradeCard, Inc., an online trade transaction company that enables settlement of cross-border trading securely over the Internet, today announced an alliance with IPACS, Singapore's leading IT/e-Commerce solutions provider. This alliance will provide TradeCard members direct online access to global logistics services through IPACS' logistics service hub - d2dLogistics.com.
By combining the core competencies of TradeCard and d2dlogistics.com, members of both networks will be able to their trade transactions as well as access logistics companies, which can track the status of the themselves completely online through a web browser. There will be no added linkage fee for TradeCard accessing logistics service providers through d2dlogistics.com, and all d2dlogistics.com service providers will able to technically support TradeCard transactions.
"As we expand operations throughout Asia, TradeCard forges alliances with strong partners who provide both valuable services to our members as well as regional expertise," said Kurt Cavano, TradeCard's Chairman and CEO. IPACS provides our members a wide range of logistics options and services through d2dlogistics.com, offering direct access to not only the Singapore market, but to other key Asian markets where the bulk of international trade is done."
Mr. Wong Sing Lam, Chairman of IPACS Group of companies, added that: "TradeCard and d2dlogistics.com are up-and-running networks whose integrated, complimentary transaction and logistics solutions are going to greatly improve the efficiency with which international trades are both conducted and tracked."
Currently, businesses can initiate trade transactions online, but they cannot complete them without dropping offline to settle them in traditional, paper-based and time-consuming ways. TradeCard provides a powerful online alternative to this timeworn system of trade payment by aggregating trade service providers critical to online trade transactions such as global payment and foreign exchange services, credit scoring and assurance of payment, rating and inspection services, and pre- and post-export financing. TradeCard's agreement with IPACS enhances this network by providing TradeCard members access to d2dlogistics.com's network of freight forwarders, transport companies, warehouse operations and other logistics service providers. These services are integral to ensuring the actual movement of goods within a trade transaction.
How d2dLogistics.com Works
d2dLogistics.com is a logistics service hub which offers end-to-end, business-to-business services for the trading of logistics services through a real-time, online digital marketplace system. Targeting at shippers, consignees, 3rd party logistics service providers, freight forwarders, shipping lines, airlines and e-Commerce communities, d2dLogistics.com enables its members (logistics service providers and logistics service users) to track its order and shipments status, monitor its inventory, fulfill its logistics requirements, exchange trading and shipping documents, and settle its billing and payment electronically. At the same time, it also has a comprehensive ASP model with a full suite of IPACS' Transportation and Logistics solutions for supply chain execution. All these services are offered through subscription. In addition, d2dLogistics.com also provide its customers with total e-Commerce solutions and platform should they decide to implement their e-Commerce solution internally.
About TradeCard TradeCard is a business-to-business e-commerce infrastructure that enables buyers and sellers to initiate, conduct and settle international trade transactions securely over the Internet. By aggregating buyers, sellers and disparate trade service providers, our patented solution automates and streamlines existing international trade transaction processes, which are complex, paper-based, time-consuming and expensive. Our objective is to provide a secure, reliable, cost-effective and easy-to-use solution for conducting and settling international trade transactions.
TradeCard, Inc. is headquartered in New York City with U.S. offices in San Francisco, San Diego and Chicago, and Asian offices in Hong Kong and Taiwan. TradeCard can be found on the World Wide Web at http://www.tradecard.com.
About IPACS In 1983, IPACS was established in Singapore with a vision of providing superior IT solutions to the transportation and logistics industry. Soon after, IPACS also pioneered the use of electronic data interchange (EDI) technology both the private and public sectors. It is now a premier IT solutions provider with key competencies not only in Transportation and Logistics industry, but also in the banking and finance sectors, aviation and airport telecommunications and utilities and commerce industries.
IPACS has also made significant moves into Asia over the years, through a network of overseas subsidiaries, ventures and representative offices. Currently, IPACS has operations in China (Beijing, Shanghai, Guangzhou Chengdu), Hong Kong, Malaysia and Taiwan (Taipei, Keelung and Kaoshiung). It has over 350 staff in 15 offices and more than 2000 customers in the region. The company's website is www.ipacs.com.
