SOURCE: GT Nexus, Inc.

April 12, 2007 06:17 ET

Sears Expands Use of GT Nexus Globally

Leading Retailer Automates PO Distribution, Trade Document Creation and Exchange on GT Nexus Global Trade and Logistics Portal

ALAMEDA, CA -- (MARKET WIRE) -- April 12, 2007 --GT Nexus announced today that Sears Holding Company has signed a multi-year extension agreement with GT Nexus to automate a range of trade and logistics functions across the Sears global supply chain. The GT Nexus platform, which is delivered as an "on-demand" portal combining advanced integration technology and software applications, will be used for trade and logistics document exchange by Sears, its vendors and its logistics service providers across the globe. The GT Nexus platform is already deployed and operational for Kmart vendors and service providers.

"We look forward to driving the next wave of trade automation at Sears," said Aaron Sasson, Chairman and CEO of GT Nexus. "With the GT Nexus foundation already in place, we can leverage a proven network of partner integrations to accelerate the rollout at Sears and reduce overall project risk in a way that no traditional software vendor approach could match."

The GT Nexus on demand trade and logistics portal allows importers and their partners to monitor and control physical and financial supply chain processes across an extended network of global trade partners.

About GT Nexus Trade

GT Nexus Trade services, which focus on trade and finance processes, are delivered alongside the company's proven logistics services. The services share a common partner integration and data platform so that crucial and hard-to-get documents and supply chain information can be shared across the many teams and functions within a company, including sourcing, logistics and finance. Key automation areas include:

--  Supplier Enablement - the ability to distribute electronic purchase
    orders to suppliers, track in-production and on-order events and measure
    supplier performance
--  Document Creation - support vendors with the online tools to create
    packing lists, commercial invoices, and shipping orders easily and quickly,
    from digital purchase orders
--  Document Exchange - enable the electronic exchange of key trade and
    logistics documents with logistics partners along the supply chain to
    reduce re-keying and improve document accuracy and completeness
--  Customs Clearance - improve customs entry documentation and
    presentment with brokers by delivering digital document sets sooner in the
    process
--  Supply Chain Visibility - provide real-time visibility to orders,
    shipments and inventory all along the supply chain
    
GT Nexus Trade services are in production and available today over the GT Nexus global trade and logistics portal at www.gtnexus.com.

About GT Nexus

GT Nexus runs the world's only industry-backed, on-demand global trade & logistics portal. Today, more than 40,000 registered users from over 15,000 organizations use a range of capabilities on the portal to optimize the global flow of goods and trade information from order point to final payment. GT Nexus connects the physical and financial supply chains. This allows buyers, sellers, banks and logistics providers to work over a common platform with a core set of information that supports multiple trade and logistics functions. Customers include Xerox, American Eagle Outfitters, Procter & Gamble, Weyerhaeuser and The Home Depot. For information, visit www.gtnexus.com.

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