February 4, 2003
MDI SELECTS ITRADENETWORK'S E-COMMERCE SOLUTION
'America's Best Food Distributor' Partners with iTradeNetwork
Livermore, Ca February 4, 2003. iTradeNetwork (ITN) today announced that they had been selected by Merchant Distributors, Inc., one of the Alex Lee family of companies, as the e-commerce solution provider for MDI fresh products sourcing.
Jay Schwarz, Vice President Information Systems of Alex Lee said, "At MDI, the customer is the focus of everything that we do. We believe we have an obligation to control our costs and provide our services as efficiently as possible. Over the past year we have carefully evaluated the e-commerce solutions available and have selected ITN. By partnering with ITN and integrating their Procurement and Logistics solutions we will continue to streamline and realize efficiencies improvements in our entire supply chain process."
"ITN is proud to be selected by a company the caliber of MDI. MDI's mission and reputation is as a progressive company committed to using the latest technology to improve the supply chain. We are delighted to be part of that mission. In the last year we have seen tremendous adoption and deployment of our solution in the retail and food service industry and forecast that adoption and growth will continue to accelerate in 2003. We believe that our customer wins have been a result of proven ROI," said Robert Bonavito, CEO of iTradeNetwork.
About Merchants Distributors, Inc.
Merchants Distributors, Inc. (MDI) is a privately-owned wholesale grocery store distributor headquartered in Hickory, North Carolina and is part of the Alex Lee family of companies, which include MDI, Lowe's Food Stores, Inc., Institution Food House, Inc. and Consolidation Services. MDI supplies over 600 retail food stores with food and non-food items in North Carolina, South Carolina, Georgia, Tennessee, Virginia, West Virginia and Kentucky. For more information on MDI visit http://www.alexlee.com.
About iTradeNetwork:
iTradeNetwork, is a privately held company that provides collaborative workflow solutions (Procurement, Logistics, Promotion, EDI-Int, RFQ Analyzer, VMI, Financial Services and Content) for the food industry and low cost integration to customer's legacy systems. iTradeNetwork's e-business solutions are being utilized by 38% of the U.S. Retail Grocery and Foodservice Industries with over 2,000 customers. In 2002, iTradeNetwork e-commerce solutions were used to facilitate more than $3B in commerce.
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