NEWS & ANNOUNCEMENTS

Press Release

This release is to clarify a few points made by Lee Min Keong, ZDNet Asia in the article entitled "OOXML gains some favor in Malaysia" (Tuesday, January 15 2008 05:26 PM)

KUALA LUMPUR, 28th January 2007 - TradeNEX.com Sdn Bhd (TradeNEX) wishes to clarify with ZDNet some points that may cause some misunderstanding with regards to the joint Microsoft and TradeNEX Press Release published on the 18th of December 2007.

Tradenex.com's relationship with FMM

We wish to clarify that TradeNEX is not the IT arm of the Federation of Malaysian Manufacturers.

No doubt that TradeNEX is a subsidiary of the FMM, however it operates independently to address the IT needs and best commercial/ market interest of TradeNEX and the Malaysian manufacturing companies.

In fact, FMM members are always free to choose which vendors to work with
and are not exclusively tied to Tradenex.com.

Therefore, we wish to state that TradeNEX and its affiliated commercial partners have
no influence, representation, nor bearing on FMM's public and internal policies.

We hope this clarification is sufficiently clear because the said article implied that by using OOXML as one of nexCONNECT's messaging systems, and since TradeNEX is a FMM subsidiary therefore FMM supports and seemingly endorses OOXML.

TradeNEX does not want to fuel the flames of the current "war" between OOXML and ODF. TradeNEX is as open to ODF integration as it is with OOXML.

About nexCONNECT

nexCONNECT is a TradeNEX service developed using the Microsoft .NET framework that serves as the underlying electronic collaboration platform for inter-enterprise collaborations.

With nexCONNECT, enterprises, agencies and various trading parties in the retail, manufacturing and logistics segments have an electronic 'gateway' - which acts as an information exchange hub that allows them to efficiently manage information as well as business processes, between trading partners (ie.suppliers, customers and service providers); by allowing for greater visibility and timeliness of information across the supply chain.

Formats supported by nexCONNECT

TradeNEX is vendor neutral with respect to electronic formats, and will support any commercially viable format as demanded by its customers.

In order to facilitate effective collaboration, TradeNEX approach is to be all inclusive to enable any-to-any message exchange. Currently, nexCONNECT supports common messaging formats such as Electronic Data Interface (EDI), RosettaNet , EDIFACT X12,
as well as custom XML schemas and the Comma Separated Values (.csv) flat file format. Proprietary and vendor specific formats like iDOC for SAP are also supported where required by customers.

About TradeNEX Sdn Bhd

TradeNEX is a leading service provider of electronic supply chain management and collaboration services for the manufacturing and its' supporting business communities. Tradenex provides a suite of online and (backend) collaboration solutions and services to enable organizations to connect and communicate via collaboration platforms that automate business transactions. TradeNEX provides IT professional services and application management and outsourcing.

We hope that this letter will put matters into better perspective for ZDNet and clarify things for your esteemed readers.

That said, TradeNEX would like to express their appreciation to your media channel for taking interest in nexCONNECT and giving it its due coverage for greater awareness about this TradeNEX B2B collaborative solution that is set to bring about significant value to its users in the retail, manufacturing and logistics industry.