March 26, 2003
CALAVO GROWERS, INC. PLACES ORDER WITH ITRADENETWORK
Integration With ITN Brings Value-Added Services, Efficiencies to Calavo Customers
Livermore and Santa Ana, Calif., March 26, 2003 -- iTradeNetwork (ITN) today announced that it has received a purchase order from Calavo Growers, Inc. (Nasdaq - NMS: CVGW), a worldwide leader in packing and distributing of avocado, processed avocado and other perishable food products. ITN will integrate the ITN e-commerce solution with Calavo's existing supply chain management and accounting software.
Rob Wedin, Vice President - Sales & Marketing at Calavo said, "At Calavo our focus has been directed to developing cost-savings opportunities in the sales and distribution channels that bring increased benefits to our customers. Calavo was an early adopter of the ITN solution and believes that this integration with the ITN solution will differentiate and enhance our ability to provide customer service."
"Calavo is the world leader in packing and distributing of avocados and ITN is delighted to have earned their confidence and be part of their e-commerce solution. ITN continues to distinguish ourselves as the e-commerce solution of choice for the food industry," said Robert Bonavito, CEO of iTradeNetwork.
About Calavo Growers, Inc.
Headquartered in Santa Ana, Calif., Calavo Growers, Inc. is the leading marketer of fresh and processed avocados throughout the United States and in other locations around the world. Founded in 1924 as a member-owned cooperative association, the company today has approximately 1,800 shareholder-growers and, throughout its history, has been an influential force in the development of the global avocado market. Sales for 2002 exceeded $240 million. Calavo concentrates its operations in three business segments: California avocados; international avocados and other perishable food products; and processed food products. Calavo's expertise in marketing and distributing avocado, processed avocado, and other perishable foods allows the company to deliver a wide array of fresh and processed food products to food distributors, produce wholesalers, supermarkets, and restaurants on a worldwide basis.
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 customers 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 $3 billion in commerce.
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