NEWS & EVENTS

PRESS RELEASE

Trade Technologies Opens New Office in Houston

Trade Technologies' Ability to Accelerate International Payments is Crucial Tool for Houston Exporters 

November, 2005/Austin, TX—Trade Technologies, the global leader in international document solutions, announced the opening of its Houston office. It will be Trade Technologies' fifth office within the U.S. and its seventh worldwide.

"Strong collections practices and liquidity are absolutely essential to successful international operations. Use of international letters of credit, particularly for sales to the Middle East, is increasing as global trade expands. Trade Technologies' services, expertise and software dramatically accelerate payment and provide visibility and certainty of payment for new and difficult markets," said Kirk Lundburg, CEO of Trade Technologies.

Nadir Tayyab, formerly of PIDC, a company specializing in document preparation for letters of credit based in Houston, TX will be the Director of the new office. 

"We are extremely pleased to have Nadir join our global team of international trade outsourcing professionals, to serve our growing list of Texas-based exporting companies," said Kirk Lundburg, President and CEO of Trade Technologies. "Nadir's experience combined with our unsurpassed technology will better serve our clients and give us a very strong presence in Houston's vibrant export community."

Trade Technologies is changing international payment practices that, until recently, relied on the paper-heavy process that had changed little since the days of Marco Polo. The company's web-based Global Trade Management Platform and professional outsourced services lead the way in enabling exporters and freight forwarders to create accurate trade documents and to deliver original documents over the Internet to major international trade banks and buyers. This far more efficient process allows customers to streamline their operations, eliminate discrepancies, save money and accelerate payments.

Trade Technologies was founded in 1999.  Over 500 exporters, global trade banks and freight forwarders rely on Trade Technologies' software and outsourced services to process billions of dollars of international trade transactions each year.

Trade Technologies has offices in Atlanta, Austin, Boston, Chicago, Hong Kong, Houston, Istanbul, London, Los Angeles, Mumbai, New York, San Francisco, and Singapore.

About Trade Technologies

Founded in 1999, Trade Technologies (www.tradetechnologies.com) is the largest global provider of trade document services and software. From its offices in Asia, Europe and North America, Trade Technologies provides leading exporters, freight forwarders and international trade banks with trade document solutions, training and consulting.

The Company’s web-based TradeSharp platform and outsourced services enable customers to streamline their operations, save money, accelerate payments, and eliminate discrepancies traditionally involved in international letter of credit, documentary collections and open account transactions. More than 1,500 exporters, global trade banks and freight forwarders depend on Trade Technologies’ services to process almost $10 billion in international trade transactions each year. Globally, Trade Technologies is presenting original letter of credit and other trade documents online to 66 examination offices of 24 banks in 13 countries.

Trade Technologies was named by Silicon Review as one of the “50 Smartest Companies of the Year 2016.” In 2015, Trade Technologies was awarded the Presidential “E” Star Award for Export Services by the U.S. Department of Commerce and was selected by CIO Review Magazine for its annual list of the 20 Most Promising Banking Technology Solution Providers. Trade Technologies was voted the “Best Trade Tech Solutions Company” in 2012 by readers of Trade Finance Magazine. In 2011, Trade Technologies won the Presidential “E” Award for Exports through the U.S. Department of Commerce, the highest recognition any U.S. entity may receive for supporting export growth. In 2010, the Company was awarded a patent on the TradeSharp software platform and process.