TradeBeam Increases Registered Capital by USD $7 Million for TradeBeam`s China Operations

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Wed Sep 9, 2009 8:01am EDT

Additional Investment to Increase Development and Channel Marketing Operations
SAN MATEO, Calif.--(Business Wire)--
TradeBeam Holdings, Inc., (TradeBeam) a leading provider of global trade
management software and services, announces an additional USD $7 million in
registered capital for its Chinese operations via TradeBeam Technology Holdings,
Ltd. (TTHL). This latest addition has increased the total investment into China
to USD $10 million. Funds have been provided by TradeBeam and its existing
shareholders. 

The proceeds will be used for ongoing development and increased channel
marketing sales and operations. TradeBeam will increase the number of locations
in China from 4 to 8 over the next 12 months. This will improve the capability
of TradeBeam to onboard customers with global supply chains which have
significant or complex Chinese based operations. Expanding Chinese product
functionality and trade expertise will increase TradeBeam`s delivery of leading
edge solutions to a growing number of Chinese based companies who engage in
global trade. 

Created in January 2007 to introduce the advanced technology and leverage the
successful SaaS operating model that TradeBeam has been developing since 1999,
TradeBeam`s China operations deliver global trade management software via the
SaaS model. TradeBeam is committed to creating a global trade management
collaborative platform available throughout the 32 provincial level
administrative units in mainland China. With the goal of helping Chinese
enterprises improve operating efficiency while reducing the cost and risk of
global trade, TradeBeam now has more than 4,000+ Chinese based customers. 

About TradeBeam

TradeBeam is a Global Trade Management (GTM) software and services company
providing on demand solutions that streamline global trading for enterprises and
their partners. TradeBeam`s integrated solution provides import and export
compliance and visibility including inventory management, shipment tracking, and
supply chain event management, as well as global trade finance solutions such as
open account and letter of credit management. Founded in 1999 and headquartered
in the San Francisco Bay Area, TradeBeam has operations in the United States,
Europe, China, and India. www.tradebeam.com







Vantage Communications for TradeBeam
Catriona Harris, +1 407-767-0452 ext. 222
charris@pr-vantage.com

Copyright Business Wire 2009

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