October 5, 2005
Safeway, Inc. Selects iTradeNetwork's E-Business Solutions
Livermore, CA. (October 5, 2005) - iTradeNetwork, Inc. (ITN) announced today they have signed a multi-year agreement with Safeway (NYSE: SWF) to provide ITN's E-Business Solutions.
"We continue to experience strong interest in our on-demand software. Our customers recognize that ITN's on-demand solutions enable them to extend, bridge, and augment their current legacy systems and eliminate major pain points they are experiencing. Rather than spending millions of dollars on traditional software applications that have long drawn out periods to implement, maintain, and support, our Foodservice and Retail customers start seeing significant near term results," said Robert Bonavito, Chief Executive Officer of iTradeNetwork.
Safeway Inc. Is one of the largest food and drug retailers in North America. As of June 18, 2005, the company operated 1,801 stores in the Western, Southwestern, Rocky Mountain, and Mid-Atlantic regions of the United States and in western Canada.
iTradeNetwork Is a privately held technology leader in On-Demand E-Business solutions. The ITN suite of workflow collaboration products include: Order Management System (OMS), Logistics, Contract and Rebate Management (CaRMA), Promotional Planning, Demand Forecast, VMI, Financial Services and Content, as well as low cost integration to customers legacy systems. 15 of the top 20 North American Retailers and most leading Foodservice companies are utilizing iTradeNetwork's e-business solutions with over 4,000 trading partners/customers.
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