Demand for Procurement Solutions Drives Quadrem YTD Revenues Up 24%

Demand for Procurement Solutions Drives Quadrem YTD Revenues Up 24%

August 07, 2007

    HONG KONG, Aug. 7 /Xinhua-PRNewswire/ -- Quadrem
International announced its H1 2007 revenues are up 24%
over H1 2006 as demand for the company's electronic
procurement and sourcing solutions continues to increase. 

    "Our platform is handling nearly 30% more
procurement spend than it did a year ago," said CEO
Charles Jackson. "We expect our customers to use the
platform to process digital purchase orders totalling more
than $16 Billion this year."

    The company added nine new customers in the second
quarter including large accounts that expand its presence
in key geographies such as South Africa, South America and
The Middle East.

    "We have every reason to be pleased about our
financial position," said Gary Ito, CFO. "Quadrem
has delivered a second consecutive Net Income positive
quarter, and EBITDA more than doubled year-over-year for
the second quarter. Both EBITDA and Net Income levels are
trending positively, and Quadrem continues to see
broad-based growth across all of our regions around the
globe."

    Quadrem's solutions enable customers to transact
electronically with their large and small suppliers to
leverage process efficiencies and remove errors from
purchasing and invoicing processes. 

    The July 27 Wall Street Journal Asia article,
"Digital Deliverance", chronicles an example of
Quadrem's solution connecting small suppliers in remote
areas to the purchasing organizations of global companies.
Articles appeared in Red Herring and Inc. in 2006 about
similar initiatives Quadrem is leading in Africa and South
America. 

    The company has grown revenues 18% to 50% each year
since its inception in 2000.

    About Quadrem

    Quadrem ( http://www.quadrem.com ) provides e-business
solutions that connect buyers and suppliers to maximise
supply chain efficiencies. Quadrem's global transaction
platform, vibrant international trading community and
high-quality MRO data management services enable customers
to implement the most effective e-business initiatives for
buyers and suppliers. Established in 2000, Quadrem has
locations in Australia, Brazil, Canada, Chile, France,
Korea, Mexico, The Netherlands, Peru, Saudi Arabia,
Singapore, South Africa, the United Arab Emirates and the
United States.


    For more information, please contact:

    Quadrem International

     Ben Wong
     Phone: [phone]
     Email: [e-mail]

     Katherine Kirkpatrick
     Phone: [phone]
     Email: [e-mail] 

     Website: http://www.quadrem.com