Press Release
For Immediate Release - July 18, 2001

Contact:
Amisha Beri
World Fashion Exchange Inc.
(201) 465-3183
amisha@worldfashionexchange.com
B2B Successful in Indian Conditions
World Fashion Exchange announces that Gokaldas Exports Ltd., one of the largest apparel exporters in India and a member of WFX, has successfully implemented Phase I of the WFX solution. Gokaldas Exports Ltd is currently conducting business online with all its major suppliers in Taiwan, Korea, Hong Kong, China , India and other countries in Europe.

World Fashion Exchange provides an Internet-based, business-to-business value chain solution designed for apparel retail, wholesale, import/export and manufacturing businesses.

“With increasing competition, economic downturn and continued pressure on price, there is no other choice but to reduce costs by increasing organizational efficiencies. For this we have chosen the World Fashion Exchange solution, which is already showing us benefits and we are striving to become a paperless organization”, says Mr. Dinesh Hinduja.

“Gokaldas is a true visionary in all areas of the apparel industry, which explains their phenomenal growth and success,” noted Drish Paul, CEO of World Fashion Exchange.  “Dinesh Hinduja is highly skilled, professional, and has a thorough vertical knowledge of this industry.  His choice to apply our application to interact with his systems is a clear indication that this solution is the future of the industry.”

Gokaldas employs a workforce of over 18,000 and manufactures over 8.4 million garments annually for overseas markets. Mr. Dinesh Hinduja leads the product design and marketing teams selling multiple product lines to its global customers.

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.

 
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