Contact Information: Media Contact: Casy Jones Ruder Finn for TradeBeam 312-329-3976 jonesc@ruderfinn.com
Ross Stores Selects TradeBeam for Innovative Global Trade Management
TradeBeam Inks Strategic, Multi-Year, Multi-Service Agreement With Nation's Second Largest Off-Price Retailer
| Source: TradeBeam
SAN MATEO, CA--(Marketwire - June 18, 2007) - TradeBeam, Inc., a leading provider of
on-demand Global Trade Management (GTM) software and services, today
announced that Ross Stores, Inc. (NASDAQ : ROST ) has signed an agreement to
leverage the company's on-demand GTM solutions to advance their global
supply chain. Ross Stores will be using TradeBeam's Event Management,
Purchase Order Management, Letters of Credit, Compliance and Catalog tools
to enhance their current methods and effectively manage their global supply
chain in real time.
TradeBeam will enable Ross Stores to streamline their process for creating
and collaborating on purchase orders (POs) with foreign trading partners.
It will ensure that all POs contain the required data for customs
processing such as Harmonized Tariff Schedule (HTS) codes. In addition, the
system will automate the process of creating and managing Letters of Credit
(LC) and will ensure that any change to a PO is automatically reflected in
the related LC. Finally, TradeBeam will provide Ross Stores visibility into
key supply chain events including the ability to track a vendor shipment.
As a result, the TradeBeam solution is expected to increase the speed and
reliability of Ross Stores' global supply chain.
TradeBeam offers applications that streamline the entire lifecycle of
global trade across order, logistics, and settlement activities to
significantly improve operating efficiencies and cash flows. TradeBeam
enhances its ROI to clients by offering its applications on an on-demand
and a pay-as-you-go basis and continues to be the GTM provider for retail
giants such as Liz Claiborne and Neiman Marcus.
About Ross Stores
Ross Stores, Inc., a Fortune 500 and Nasdaq 100 (NASDAQ : ROST ) company
headquartered in Pleasanton, California, is the nation's second largest
off-price company with fiscal 2005 revenues of $4.9 billion. As of January
28, 2006, the Company operated 714 Ross stores in 26 states and Guam and 20
dd's DISCOUNTS(SM) store locations in California. Ross Stores offers
first-quality, in-season, name brand and designer apparel, accessories,
footwear and home fashions for the entire family at everyday savings of 20
to 60 percent off department and specialty store regular prices. dd's
DISCOUNTS(SM) features a more moderately-priced assortment of
first-quality, in-season, name brand apparel, accessories, footwear and
home fashions for the entire family at everyday savings of 20 to 70 percent
off moderate department and discount store regular prices.
About TradeBeam
TradeBeam is an on-demand Global Trade Management software and services
company providing solutions that streamline global trading processes for
enterprises and their partners. TradeBeam's integrated solutions provide
import and export compliance, inventory management, shipment tracking,
supply chain event management and global trade finance solutions such as
open account and letters of credit management. TradeBeam has over 3,000
customers with users in over 100 countries worldwide. For more information,
please visit www.tradebeam.com.
Copyright © 2007 of TradeBeam Holdings, Inc. and all its subsidiaries
("TradeBeam"). All rights reserved. TradeBeam and logos; included but not
limited to, TradeBeam 3.0 GTM Application Suite, i-Supply, and TradeBeam
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