SOURCE: TradeCard, Inc.

January 15, 2007 09:05 ET

Goody's Signs on With TradeCard to Optimize Sourcing Operations and Improve Working Capital

Apparel Retailer Will Benefit From Automation and Financial Services Available on Global Trade Platform to Improve Cash Flow for Business Growth

NEW YORK, NY -- (MARKET WIRE) -- January 15, 2007 -- TradeCard Inc., the leading provider of global trade products for financial and physical supply chain automation, announced today that retailer Goody's Family Clothing has selected the TradeCard Platform to optimize sourcing operations and drive business growth by automating transactions and improving working capital. Vendor financing capabilities provided by TradeCard will help Goody's improve working capital and lower its vendors' costs. TradeCard will support Goody's overall strategy to increase margins, improve communications with suppliers and streamline sourcing and procurement processes.

"TradeCard will support our business growth plans by automating the order to payment settlement process in a way that improves communication with our suppliers while providing online access to collaborative finance tools," said David Peek, CFO at Goody's. "TradeCard gives us a single point of visibility into the total supply chain. The global trade platform will help us handle higher business volumes while lowering costs and improving cash flow."

Goody's, based in Knoxville, Tennessee, operates 385 stores in 21 states throughout the southeast US region. Goody's sources from a complement of US, Asian and Middle East suppliers.

"With the right tools in place, retailers can maximize their supply chain to reduce costs while improving their in-stock performance," said Kurt Cavano, CEO of TradeCard. "Trading on TradeCard will improve Goody's procurement to payment settlement processes, helping them to be more efficient and maintain their costs as they grow. Vendor financing through TradeCard will allow Goody's to assist vendors in lowering capital costs, and this benefit will cascade down through the supply chain and result in savings for Goody's."

Collaboration with suppliers through TradeCard's on-demand technology platform adds agility to the supply chain to help buyers and suppliers meet rapidly shifting pressures and demands, such as increased transaction frequencies and specialized orders. TradeCard provides online access to a network of more than 2,500 trading partners around the world and injects financial services into its network to optimize cash flow and merge physical and financial aspects of the supply chain. TradeCard provides a local "feet on the street" customer support team that speaks 32 languages and supports customers in 40 countries.

About TradeCard

TradeCard is the leading provider of on-demand supply chain management solutions. The TradeCard Platform synchronizes financial transactions with physical events in the global supply chain to help customers automate trade transactions from purchase order to payment and chargebacks. Buyers, sellers and their trading partners manage transactions through a web-based platform with online financial services integrated into the workflow. This turnkey transaction management enables customers to improve margins and enhance growth, with extra-organizational supply chain visibility. TradeCard's on-the-ground trade experts throughout the world assure superior supply chain agility.

TradeCard manages global trade for thousands of users in over 40 countries, including Columbia Sportswear, Rite Aid and Wolverine Worldwide. TradeCard Inc. is headquartered in New York City and has offices in San Francisco, Hong Kong, Brussels, Taipei, Seoul, Tokyo, Colombo, and Shenzhen. TradeCard is located online at

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.

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