Quadrem YTD Revenues Up 23%; Annual Throughput to Exceed $16 Billion

Quadrem YTD Revenues Up 23%; Annual Throughput to Exceed $16 Billion

November 12, 2007

    HONG KONG, Nov. 12 /Xinhua-PRNewswire/ -- Quadrem
International 2007 revenues are up 23% year-over-year at
the close of the third quarter. More than 5.5 million
electronic business documents have flowed through the
procurement platform so far in calendar year 2007,
supporting 2.0 million purchase orders (POs) worth USD
$12.4 billion in goods and services.

    The company is on track to process more than 2.5
million POs worth more than USD $16 billion by year-end.
Quadrem's procurement network connects more than 1,100
buyer locations worldwide and over 55,000 suppliers, with
strong representation in the MRO, complex services and
general indirect categories. 

    Charles Jackson, Quadrem's CEO commented:

    "Global demand for Quadrem's procurement and
sourcing services continues to increase significantly in
terms of both volume and revenue.  Buyers and suppliers
throughout the world are meeting schedule, budget,
productivity, and other strategic goals through the use of
our procurement and supply chain systems, and their
positive experience is reflected in our consistent
quarterly growth."

    Gary Ito, Quadrem's CFO also added:

    "Our net income positive trend continued for a
third consecutive quarter, and we remain on track for a
full year of positive net income.  Quadrem continues to be
a well balanced supply chain solutions business, and we
expect all regions to contribute and deliver positive
revenue growth in the coming year."

    The Company was featured in a Wall Street Journal Asia
article, "Digital deliverance -- Asia's technology
conundrum."  Quadrem and its members are global
leaders in bringing small and mid-size suppliers into
electronic commerce, even though large numbers of the
vendors in developing countries are new to using computers
and the Internet.

    About Quadrem

    Quadrem ( http://www.quadrem.com ) provides procurement
and sourcing 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:

     Katherine Kirkpatrick
     Quadrem
     Tel:   [phone]
     Email: [e-mail]

     For Asia: 
     Ben Wong
     Tel:   [phone]
     Email: [e-mail]