Trade Technologies Acquires New Jersey-based Xtreme Docs

Deal Broadens Base of International Trade Documents Leader

AUSTIN, Texas, Feb. 13 /PRNewswire/ -- Trade Technologies has announced
its acquisition of Xtreme Docs, a New Jersey-based international trade
documentation firm.
The acquisition allows clients of Xtreme Docs to take advantage of Trade
Technologies' industry-leading web-based platform for managing international
letter of credit transactions and its global network of international trade
document professionals.
Based in Flanders, New Jersey, Xtreme Docs was founded in 1999 by
Elizabeth Payment, who will join Trade Technologies as its Director of Product
and Account Management. She brings a total of 14 years of experience in export
and import operations, ocean logistics and international trade documentation
to Trade Technologies.
"We've been impressed with Elizabeth and her company for some time now,
and we're thrilled to have them join us," said Trade Technologies CEO Kirk
Lundburg. "Our technology and global operations combined with Elizabeth's
experience provide a powerful solution for her clients."
Prior to the acquisition, Xtreme Docs completed 300 transactions each year
for exporters and freight forwarder clients, located primarily in the
Northeast. The company will now operate under the Trade Technologies name.
"Trade Technologies' industry-leading turn-around time and web-based
platform for online letter of credit presentation will make a real difference
in how quickly our clients get paid," Payment said. "It takes our great
service and makes it even better."
Trade Technologies is rapidly changing international payment practices
that, until recently, relied on the paper-heavy process of letters of credit
that had evolved little since the days of Marco Polo. Trade Technologies'
Global Trade Management Platform and professional outsourced services are
leading the way in enabling exporters and freight forwarders to deliver
original trade documentation over the Internet to the world's major
international trade banks. This far more efficient process helps customers
streamline their operations, eliminate discrepancies and accelerate payments.
The Trade Technologies Platform is quickly setting the industry standard.
Large and small international exporters and freight forwarders rely on Trade
Technologies' software and outsourced services to facilitate billions of
dollars of international payment transactions each year.
Trade Technologies was founded in 1999 by export and trade finance
professionals to provide innovative and pragmatic international receivables
management professionals and tools for exporters. The company has eight
offices worldwide in Atlanta, Austin, Hong Kong, Houston, London, Los Angeles,
New York and San Francisco.
The Trade Technologies website may be seen at
http://www.tradetechnologies.com.

SOURCE Trade Technologies

John Boit, Trade Technologies, +1-202-468-9413, jboit@melwoodglobal.com