Press Release

For Immediate Release - October 24, 2000

Contact:
Christopher Dente / Sunil Oberoi
World Fashion Exchange Inc.
(201) 465-3183
info@worldfashionexchange.com

World Fashion Exchange Launches B2B Supply Chain Management Solution

Moonachie, NJ – World Fashion Exchange Inc. has officially announced the launch of its B2B supply chain management solution, developed specifically for the apparel and textile industries. The site had its “soft launch” in September at the Bobbin Show in Atlanta, Georgia.

The solution is the most comprehensive one for apparel and textile companies, allowing for the efficient exchange of information, business transactions and services among global business partners via the Internet.

“We provide a specialized, Internet-based, business-to-business solution for fashion retail, wholesale, import/export and manufacturing businesses to execute all forms of efficient sourcing; collaborative planning, information exchange and third party service needs. This unprecedented information transparency creates the infrastructure that will help businesses get the right product, at the right place, in the right time, squeezing out costs.” said Drish Paul, CEO of World Fashion Exchange Inc. “Simply stated, our goal is to increase our member’s profitability and reduce their operating costs by helping them communicate and manage information more effectively, between their global business partners”

Members benefit on bottom line profitability from this affordable service, which creates connectivity to global business partners, sourcing and sales opportunities, choices of suppliers and customer retention and satisfaction. Once a member is registered, information can be made available through personal computer, fax, e-mail, or WAP enabled mobile phone or PDA.

The solution offers comprehensive tools like e-catalogs, collaborative product development and sourcing opportunities, e-sales, auctions and a messaging and information center. Members are also provided with quality management tools and management reporting and administration controls. These services and tools are available to members at very competitive pricing.

World Fashion Exchange also offers its members access to its vast relationships with suppliers, manufacturers and factories throughout the Indian subcontinent in India, Sri Lanka, Pakistan, Bangladesh, Nepal and the Middle East, locations responsible for an estimated $25 billion worth of exports annually. Relationships are currently being developed in Europe, Mexico, Latin America and the Far East.

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.