Partnership Enhances International Trade Logistics

CHICAGO, May 6, 2003 - IFS entered into an alliance with Precision Software to provide global organizations with a comprehensive, tightly integrated solution that automates international trade logistics as well as parcel and transportation management.

Precision Software is a worldwide provider of logistics software for trade compliance, export documentation, parcel manifesting and load optimization. The combination of IFS' component-based enterprise applications and Precision's TRA/X solution allows companies to quickly reduce logistics costs and improve efficiencies while adhering to legal trade requirements.

Commenting on the partnership, Robert Campbell, Chief Marketing Officer for Precision Software, said, "Providing global supply chain management solutions which address local requirements has always proven to be a complex scenario. Precision's niche expertise in addressing diverse logistics requirements linked with IFS' core capabilities in business applications will offer significant return on investment to our joint clients." Campbell added, "IFS is a strategic player in its space, and we are delighted to join forces with them to provide a dynamic and advanced global solution."

IFS North America president, Terje Vangbo, commented, "Since our inception, IFS has focused on meeting the needs of companies with international operations. And one area of concern for these companies is the lack of an integrated solution that meets their enterprise needs as well as their international trade logistics requirements. "Precision Software has a track record of success, providing customers with the ability to automate and optimize their logistics operations. As a result, we believe the combined IFS/Precision Software solution offers companies the ability to more quickly streamline operations, improve the bottom line and expand into new international opportunities."

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