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TRADECARD TO PROVIDE INSIGHT ON STREAMLINING FINANCIAL & PHYSICAL SUPPLY CHAINS AT PRIME SOURCE 2011

Brands & Retailers Will Hear Best Practices for Improving Visibility into Payments and Products to Reduce Costs and Cycle Times

NEW YORK and HONG KONG, Mar 25, 2011 - TradeCard, Inc., the supply chain collaboration platform used by more than 7,800 retailers, brands, manufacturers and service providers will be on site at Prime Source 2011 in Hong Kong this week. TradeCard CEO Kurt Cavano will meet with leading brands and retailers to discuss ways to improve margins, cash flow and visibility in the supply chain, and will be a featured speaker in two sessions during the event:

  • Workshop: Latest Technology to Enhance Retail Businesses (March 30)
  • Forum Speech: The Challenges of Competition (March 31)

"Apparel retailers and brands face a tough environment today with numerous pressures arising from consumers, rising commodity prices, and uncertainty in the Middle East and Japan. Many feel powerless," said Kurt Cavano, CEO of TradeCard, Inc. "You can't control rising cotton or oil prices but you can control the performance of your supply chain. Every company should look at their supply chain to see where they have room to cut costs and be more efficient."

TradeCard reduces costs, risk and cycle times by helping brands and retailers to:
  • Automate processes from purchase order through settlement
  • Communicate and collaborate with their entire network of trading partners in one place
  • Cut out layers in the supply chain through strategic programs such as direct-to-store, drop-ship and cross-docking
  • Allow suppliers to take advantage of their financial strength by offering early payment programs

The TradeCard Platform connects entire supply networks and provides a single version of the truth for all trading partners, enabling them to perform as a strategic supply chain rather than as individual parties.

A Faster and More Efficient Way to Transact
Document and workflow efficiencies achieved through use of the TradeCard Platform allow trading partners within a supply network to benefit from time and cost savings. Financial services offered by third party financial institutions through the Platform lower trade financing costs and reduce credit related risks for suppliers. The combination of TradeCard's hosted technology platform and a global support network provides trading partners a low cost environment to transact. TradeCard's global network helps customers respond quickly to fast changing economic conditions.

The TradeCard Platform delivers services that enable customers to:
  • Free up credit lines
  • Automate procure-to-pay & implement straight-through accounts payable processes
  • Ship direct-to-store
  • Manage raw materials
  • Employ invoice discounting/early payment programs
  • Improve lead times
  • Reduce vendors' cost of capital
  • Streamline deductions management
  • Standardize payment terms
  • Automate local offices
  • Monitor trading partner viability
  • Maintain electronic audit trails

Click here to view a video on addressing rising sourcing costs featuring TradeCard CEO Kurt Cavano:
http://www.tradecard.com/Flash/risingSourcingCostsVideoPopUp.html

About TradeCard, Inc.
TradeCard, Inc. is a leading supply chain collaboration platform that improves margin, cash flow and visibility for over 7,800 buyers, sellers and service providers in 60+ countries. TradeCard delivers a cloud-based network that facilitates complex multi-enterprise sourcing transactions across multiple layers of the supply chain. More than 38,000 individual users leverage the TradeCard Platform to streamline transaction flow from purchase order through production tracking, shipment and payment. Financial services offered by third party financial institutions on the Platform reduce trade financing costs and mitigate credit risk for suppliers. Multi-enterprise collaboration on the Platform delivers visibility into the movement of goods from raw materials to the store shelf. TradeCard's on-the-ground trade experts throughout the world allow entire supply networks to rapidly join the platform.

The world's leading retailers and brands leverage TradeCard's platform and member network for sourcing and global trade, including Levi Strauss & Co., Columbia Sportswear, Guess and Rite Aid. TradeCard, Inc. is headquartered in New York City with offices in San Francisco, Hong Kong, Brussels, Taipei, Seoul, Colombo, and Shenzhen. TradeCard is located online at www.tradecard.com.