July 9, 2003
ALBERTSONS SELECTS ITRADENETWORK'S LOGISTICS SOLUTION
Livermore, Ca. July 9, 2003. iTradeNetwork (ITN) today announced that Albertsons Inc. (NYSE:ABS) has selected ITN's Logistics e-commerce solution package to enhance the supermarket and drugstore retailer's Fresh Product program.
"We have been using ITN's Fresh Product Procurement package since 2001 and now will integrate the Logistics package into our system," said Tracy Bloedel, director of transportation for Albertsons. "As we focus on maximizing our return on capital investment, we are introducing solutions that give us the efficiencies needed to respond to a changing marketplace. We look forward to working with the ITN team to roll out Logistics."
"Over the last several years, iTradeNetwork has worked hard with Albertsons Inc. to integrate and launch our solution. We are pleased that our solution has proven itself and that Albertsons has awarded ITN this vote of confidence by now adopting our Logistics module. Our goal is to continue to enhance our product offerings and build customer satisfaction by developing tools that help our customer integrate critical information and provide significant return on investment," said Robert Bonavito, CEO of iTradeNetwork.
About Albertson's Inc.
Founded in 1939, Albertsons, headquartered in Boise, Idaho, is one of the world's largest food and drug retailers, with annual revenues of approximately $36 billion. The company operates 2,300 stores under banners including Albertsons, Jewel-Osco, Acme, Albertsons-Sav-on, Albertsons-Osco, Osco Drug, Sav-on Drugs, Max Foods, and Super Saver, as well as an Internet retailing business through www.albertsons.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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