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 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 members from Africa, Asia, Europe, North America
and South America with combined sales of over U.S. $845 billion.
To date, the WWRE has saved its members over $160 million through
the use of WWRE Negotiations and Auctions, its first product
offering. For more information, visit the Web site at www.wwre.org
or www.worldwideretailexchange.org.
WWRE Members:
AEON Co., Ltd (Japan, TSE: 8267)
Ahold (The Netherlands, NYSE: AHO)
Albertson’s (U.S., NYSE: ABS)
Auchan (France)
Best Buy (U.S., NYSE: BBY)
The Boots Company (U.K., LSE: BOOT.L)
C&A Europe (Belgium)
Casino (France, Parisbourse: 12558)
Controladora Comercial Mexicana S.A. de C.V. GDS (Mexico, NYSE:
MCM)
Coop Italia (Italy)
Coop Schweiz (Switzerland)
Cora (France, PSE: 06176)
CVS/pharmacy (U.S., NYSE: CVS)
Dairy Farm International (Hong Kong, SES: DAIR.SI/Reuters,
DAIRYNEW SP/Bloomberg)
Dansk Supermarked (Denmark)
Delhaize Group (Belgium, BSE: DEL)
Dixons Group plc (U.K., LSE: DXNS)
Edeka (Germany)
El Corte Ingles (Spain)
Galeries Lafayette (France, Parisborse: 12124)
Gap Inc. (U.S., NYSE: GPS)
Giant Eagle (U.S.)
H.E. Butt Grocery Company (U.S.)
Hy-Vee (U.S)
JCPenney (U.S., NYSE: JCP)
John Lewis (U.K., JLH)
Kesko (Finland, HEX: KES)
Kingfisher (U.K., LSE: KGF)
Kmart Corporation (U.S., NYSE: KM)
Laurus (The Netherlands)
Longs Drugs (U.S., NYSE: LDG)
Lotte Group (South Korea, Q.LOT)
Makro Asia (Bangkok)
MARKANT (Germany)
Marks & Spencer (U.K., LSE: MKS)
Meijer, Inc. (U.S.)
Otto Versand (Germany)
Publix Super Markets (U.S.)
RadioShack Corporation (U.S., NYSE: RSH)
REWE (Germany)
Rite Aid Corporation (U.S., NYSE, PSE: RAD)
SCA Hygiene Products (Sweden)
Safeway Inc. (U.S., NYSE: SWY)
Safeway plc (U.K., LSE: SFW.L)
Schlecker (Germany)
Seibu Department Stores Ltd. (Japan)
ShopKo Stores, Inc. (U.S., NYSE: SKO)
Sobeys Inc. (Canada, TSE: SBY)
SUPERVALU INC. (U.S., NYSE: SVU)
Target Corporation (U.S., NYSE: TGT)
Tengelmann Group (Germany)
Tesco (U.K., LSE: TSC.OL)
Toys R Us (U.S., NYSE: TOY)
Wakefern Food Co. (U.S.)
Walgreen Co. (U.S., NYSE: WAG)
Wegmans Food Markets, Inc. (U.S.)
Winn-Dixie Stores, Inc. (U.S., NYSE: WIN)
Wooltru Ltd. (South Africa, JSE: WLO)
Woolworths (Australia, ASX: WOW)
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.
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.
WorldWide Retail Exchange, LLC. All rights reserved.