WORLDWIDE RETAIL EXCHANGE AND SOURCINGLINK ENTER GLOBAL CHANNEL PARTNER AGREEMENT
WWRE CONTACT
Keri Phifer, 703.234.5056
Fax: 703.234.5200
Email: kphifer@wwre.org
SOURCINGLINK CONTACT
Lisa Kern, 858.385.8900
Fax: 858.385.8997
Email: lkern@sourcinglink.net
FOR IMMEDIATE RELEASE:
Retail Exchange Selects SourcingLink as a Preferred Partner for Strategic
Negotiation Services to Members
ALEXANDRIA, VA and SAN DIEGO, CA, October 24, 2001, - - The WorldWide Retail
Exchange (WWRE), the premier business-to-business exchange for retailers and
suppliers, today announced a channel partner agreement with SourcingLink
(NASDAQ - SNET), a leader in business-to-business merchandise sourcing for
the retail industry. Through the alliance, the WWRE will endorse and
provide SourcingLink`s strategic negotiation services globally to its
members for their electronic sourcing activities.
The focus of the partnership will be the utilization of SourcingLink`s
strategic negotiation services for online negotiations and auctions to
enhance cost savings for WWRE members who are utilizing WWRE Negotiations
and Auctions. SourcingLink`s professional consultants are already teaming
up with WWRE product experts to begin deployment of the program.
"We selected SourcingLink as a preferred channel partner because of their
distinct ability to deploy and deliver significant savings and ROI through
their unique set of services and best practices," said WWRE CEO Colin Dyer.
"Their knowledge and experience give WWRE an added dimension to the value we
are delivering to our members."
SourcingLink and the WWRE Negotiations and Auctions team will work together
to provide members with a variety of negotiations services, including
pre-trade product and category analysis and auction event planning. Best
practices around business process and analysis of auctions metrics will help
members apply learnings toward future negotiation and auction events.
SourcingLink will also work to help implement the WWRE Member Adoption
Program (MAP).
SourcingLink CEO Dan Rawlings commented, "Our strategic negotiation experts
have successfully conducted hundreds of online negotiations ? delivering
significant savings on retail products across all categories, in countries
around the world. SourcingLink is pleased that we have been selected to
assist the WWRE in accelerating the delivery of immediate value to their
retail members on a global basis."
About SourcingLink:
SourcingLink (www.sourcinglink.net) is a leader in business-to-business
merchandise sourcing, providing strategic services and hosted solutions that
enable retail buyers and their suppliers from around the world to market,
source and negotiate with speed and improved margin.
About the WWRE
The WWRE is the premier Internet-based business-to-business exchange in the
retail e-marketplace. The Exchange was created with the fundamental purpose
of reducing costs and improving efficiencies throughout the supply chain,
employing product and service solutions typical of a global procurement and
supply operation. Designed to facilitate and simplify trading between
retailers, suppliers, partners and distributors, the WWRE currently consists
of 59 retail industry leaders from Africa, Asia, Europe, North America and
Latin America with combined sales of over U.S. $845 billion. To date, the
WWRE has saved its members over $180 million through the use of online
negotiations, its first product offering. For more information, visit the
website at www.wwre.org or www.worldwideretailexchange.org.
SourcingLink information regarding forward-looking statements
Any statements in this announcement about future events or results are
preliminary and based on partial information and assumptions, and actual
results may differ. The matters discussed in this announcement contain
forward-looking statements that involve risks and uncertainties, including
the successful development and deployment of new Web-based technologies,
solutions and rating programs, the development and growth of markets
targeted by SourcingLink, the acceptance of electronic collaborative
solutions and services by retailers and vendors, the successful and timely
rollout of the Company`s solutions and services by retailers and their
suppliers, subsequent competition and the impact of supply chain exchanges,
general economic conditions in the U.S. and abroad, and other risks detailed
from time to time in the Company`s public disclosure filings with the U.S.
Securities and Exchange Commission (SEC). Copies of the most recent forms
10KSB and 10QSB of SourcingLink are available upon request from its
corporate office. SourcingLink expressly disclaims any obligation to revise
the forward-looking statements contained herein to reflect events or
circumstances after the date hereof or otherwise to revise or update any
oral or written forward-looking statement that may be made from time to time
by or on behalf of the Company.
Laura Battle
Edelman Worldwide
Ph. 312.233.1374
Fx. 312.240.2906
laura.battle@edelman.com
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