TradeBeam Expands Management Team To Support Continued Global Expansion

October 11, 2005

TradeBeam Expands Management Team To Support Continued Global Expansion

Industry Veterans Join the Leader in Global Trade Management

San Mateo, CA, October 11, 2005 – TradeBeam, the leading provider of Global Trade Management software and services, announced today two senior-level appointments adding significant strength to the company’s management team as it continues on an aggressive growth path. Software industry veterans Jerry Dolinsky and Andy Salentine join the TradeBeam executive team in the newly created roles of executive vice president of Worldwide Field Operations and corporate counsel respectively.

As EVP of Worldwide Field Operations, Dolinsky assumes responsibility for directing TradeBeam’s international sales, marketing, services and development teams to drive additional market penetration for the company in the U.S. and abroad. He joins TradeBeam with nearly 20 years experience in the software industry, most recently serving as SVP of Worldwide Field Operations for Retek, a leading retail industry solutions provider. Over the course of his six-year tenure with the company, Dolinsky helped Retek gain number one market position and grow annual revenue from $20 million to $190 million. During this period the company executed a successful initial public offering and was subsequently acquired by Oracle earlier this year for $670 million. Prior to Retek, Dolinsky served in senior sales roles for NxTrend Technology, a provider of financial, distribution and decision support software.

“With a strong foundation already established in the U.S. and in key European and Asian markets, TradeBeam is poised for breakout success internationally moving into 2006,” Dolinsky said. “The company’s vision for an integrated physical and financial supply chain driving trade is clearly taking hold among enterprises around the globe, and I look forward to helping TradeBeam continue to grow strongly as the dominant player in GTM worldwide.”

Along with Dolinsky’s appointment, TradeBeam has further strengthened its management team with the arrival of Salentine as corporate counsel. In addition to overseeing all company legal matters, he will lead corporate development initiatives leveraging deep experience in the trade arena gained through past work in business development at Vastera, and as founder of Speedchain, a software provider acquired by Vastera in 2001. Salentine also served as senior corporate counsil at Fritz, a $1.8 billion logistics company.

“Jerry and Andy join TradeBeam as we are about to embark on an important phase in the company’s growth and development,” said Graham R.F. Napier, CEO of TradeBeam. “Both executives are seasoned industry veterans bringing a wealth of knowledge and experience that is vital to TradeBeam’s maturation worldwide. This is a very exciting time for the company and for the global trade industry. With a savvy team, a formidable customer base and an aggressive plan for continuing the expansion of both our product and geographic footprint, TradeBeam is the clear leader in the international GTM market.”

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About TradeBeam:
TradeBeam is a Global Trade Management software and services company providing solutions that streamline global trading processes for enterprises and their partners. TradeBeam's integrated solutions provide import and export compliance, inventory management, shipment tracking, supply chain event management and global trade finance solutions such as open account and letter of credit management. TradeBeam has over 3,000 customers with users in over 100 countries worldwide. For more information, please visit www.tradebeam.com.

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