Press Release

For Immediate Release - September 9, 2002

Contact:
Vikas Kohli
World Fashion Exchange Inc.
(212) 465-3183
vikas@worldfashionexchange.com

WFX Launches web based ERP II

New York, USA - Mr. Sanjoy Sahgal – VP (Product Development) demonstrated an entire suite of products including a web based ERP II for the apparel manufacturers. The ERP II is customizable and can easily be integrated with the Buyers SCM and the Suppliers CRM applications. The objective is to offer to exporters an ERP that connects to the outside world with controlled visibility. This functionality is becoming mandatory as large retail chains like GAP, TARGET, WALMART, Quelle, etc have initiated their Web based Supply Chain Integration Solutions.

The reason for WFX’s success is its complete Fashion Focus and its ability to deliver solutions for all in the Fashion Value Chain. The objective of the team is to empower the users by giving them smarter solutions and eliminating repetitive/boring work. The management sees complete transparency, higher efficiency, consolidated reporting and easy access for better decision making a means to achieve much more.

It is human nature to resist change – till the buyer pushes you for it – the organizations who have digital platforms that communicate with the Buyer’s electronic platforms, reducing work and cost for them shall be preferred over those who have yet to understand the intricacies of the digital world.

The real challenge however shall be the ability to handle data in multiple formats from different buyers – some more progressive than the others, process this information internally and forward it to multiple vendors across the globe for them to respond immediately without any duplication of work or lead-time for processing.

It is time for companies to take advantage of the downturn and invest in technology so that the organization learns quickly within the next 6 months to a year so that – effective use of technology and its real benefits can be leveraged in the run up to 2004-2005.

“The apparel exporters shall be able to work systematically and professionally”, says Mr. Drish Paul, CEO – World Fashion Exchange Inc. Now all their needs shall be serviced through the WFX Suite of products, which combines best of breed Internet technologies with deep domain expertise in the fashion industry. “Systems shall define sourcing decisions more than ever in the years to come as organizations do business with organizations instead of the individual relationship based environment that currently exists”.

For more information about World Fashion Exchange Inc. and learn more about the solution please register for free at www.worldfashionexchange.com or call us at (212) 465 3183.