GAITHERSBURG, Md., April 15, 2002 -- GE Global eXchange Services (NYSE: GE), a leader in business-to-business electronic commerce, today announced that it has been named a preferred services provider for J. C. Penney Corporation, Inc. and its Eckerd Corporation drugstore subsidiary on future supply chain e-business initiatives.
GXS will enable J. C. Penney and Eckerd to transact electronically with suppliers and supply chain partners, including access to GXS`s trading partner network and product data catalog containing nearly 60 million line items. GXS will also provide Web-based community enablement capabilities, allowing small and mid-sized suppliers to trade more cost-effectively with J. C. Penney and Eckerd using the Internet or private networks. These capabilities include:
· Network-Based Translation - enabling proprietary data extracted from suppliers` back-office systems to be sent to J. C. Penney and Eckerd in electronic data interchange (EDI) or eXtensible Markup Language (XML) format
· GE TradeWebSM - forms-based electronic document exchange in multiple languages
· Net Community Manager - enabling suppliers to do their own document testing and certification using a Web browser
"We are very excited to be selected by one of America`s foremost retailers as a preferred supply chain partner," said Steven Scala, vice president of marketing for GXS. "Through this significant expansion of our relationship with J. C. Penney - now to include the Eckerd Corporation and its supplier community - we will work together to achieve significant and measurable benefits at every level of the supply chain."
About GE Global eXchange Services
GE Global eXchange Services (GXS) operates one of the largest B2B e-commerce networks in the world, with more than 100,000 trading partners. The network`s 1 billion annual transactions account for $1 trillion in goods and services. With a presence in 58 countries, GXS applies Six Sigma quality processes to provide e-commerce solutions that help businesses around the globe remove costs from their supply chains. GE Global eXchange Services is a part of the General Electric Company, U.S.A., and is headquartered in Gaithersburg, Md. Call (800) 560-4347 or visit our Web site at www.gxs.com