SOURCE: TradeCard Inc.

July 10, 2007 09:05 ET

Guess Selects the TradeCard Platform and SourceView Suite to Optimize Global Trade

Automation and Standardization of Processes Will Improve Productivity and Free Up Working Capital

NEW YORK, NY--(Marketwire - July 10, 2007) - TradeCard Inc., the leading provider of global trade solutions for financial and physical supply chain automation, has announced that leading global brand and retailer Guess has signed with TradeCard to implement the TradeCard Platform and SourceView™ visibility suite for deductions management, goods receipt and supply chain scorecarding. TradeCard will help Guess optimize global sourcing and improve margins by automating processes from purchase order through payment. SourceView will enable Guess to extend supply chain visibility and standardize goods receipt and deductions management processes.

"TradeCard will allow us to remove paper from our finance and sourcing operations and automate processes to extend control of products as they move from factories to the store shelf," said Mike Relich, CIO at Guess. "The TradeCard Platform and SourceView suite will standardize our domestic and international sourcing operation and allow us to make strategic sourcing decisions based on accurate supply chain performance data."

TradeCard will enable Guess to better manage direct sourcing through its Hong Kong office and optimize its supplier base.

"Improved visibility and automation will enable Guess to improve margins through better control of the flow of goods and money along the supply chain," said Kurt Cavano, CEO of TradeCard, Inc. "Guess is taking a major step toward the next evolution of extended supply chain management. They're combining an on-demand global trade platform, online financial services, and supply chain scorecarding and deductions management applications to establish a control room with a clear view of physical and financial aspects of the supply chain. TradeCard's global support team, on the ground in 40 countries, will minimize the need for Guess to establish additional overseas resources and offices."

TradeCard enables companies that conduct global sourcing to maintain full visibility into production by chaperoning the movement of goods as they move through the extended supply chain, connecting vendors, banks, label companies, agents and other parties involved.

TradeCard provides online access to a network of more than 3,000 trading partners around the world. TradeCard helps clients that range from $10 million to over $20 billion in revenue to eliminate waste and delay from the sourcing process. Financial services available on the TradeCard Platform help companies of all sizes to better compete by extending operational agility and improving margin and cash flow.

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, Colombo, and Shenzhen. TradeCard is located online at www.tradecard.com

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