Tree of Life’s Liberty Richter Achieves Significant Global Supply Chain Control with 3rdwave Dashboard

TORONTO – June 14, 2005
Blinco Systems Inc. ("BSI"), developer of 3rdwave global commerce management and sourcing solutions, has added dashboards to its already comprehensive business performance management ("BPM") tools. Long-time BSI client, Liberty Richter ("Liberty"), a leading speciality food importer and part of the $2 billion Tree of Life group of companies, went live with the new dashboards a few months ago. Since 2002, Liberty has reduced their on hand inventory 25% by using 3rdwave’s global commerce management suite; and Liberty plans to save another 10% to 15% in the next 12 months.

John McLennan, Liberty Richter’s Vice-President, Finance and Controller said, "As a food importer, in our industry, four inventory turns a year is considered good. With the visibility we have, we plan to improve our annual inventory turns from 4 ¾ times per year to 6 times per year within the next 12 months. Our goal is to get from 8 to 10 turns per year. This is possible, based on what we’ve experienced until now by using 3rdwave’s dashboard."

McLennan went on to say, "3rdwave’s BPM tools and dashboard give us 100% confidence in our key performance indicators and have allowed us to improve and streamline communications between finance and operations. Our management and operating groups can make more proactive decisions, control costs better, and detect trends more quickly for better results because all our information is accurate and in real-time. We don’t have to debate the validity of time-dated numbers. And we can collaborate better with our brand owners, and plan future marketing and sales strategies."

David Blinick, Blinco Systems’ President and C.E.O. said, "3rdwave’s dashboard gives Liberty C-level visibility into finance and operations. Soon, managers and operators will have configurable financial, operating, logistics, purchasing and inventory-related dashboards and have a 360 degree view of their world – when, where and how they need it."

3rdwave dashboards are a feature made available to 3rdwave users in global commerce management, global sourcing, global trade, logistics, and distribution environments, whether for international asset, non-asset-based manufacturing or private label programs. 3rdwave vertical solutions include: consumer goods (hard goods and softgoods), food distribution, automotive, pharmaceutical, retail, fashion, metals trading, break bulk and logistics. All 3rdwave solutions are designed to optimize a client’s existing business processes and deliver measurable ROI and value, usually far greater than comparable industry averages.

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For more information, Contact:

Julia Hidy
Director of Communications
Blinco Systems Inc. (416) 510-8800 Ext. 221
jhidy@blinco.com
www.blinco.com

BACKGROUNDERS

LIBERTY RICHTER INC. is a division of Tree of Life, Inc., one of the top three marketers of natural, specialty and premium gourmet foods in North America. Their clients include some of the best and largest food companies and supermarket chains, convenience stores, foodservice firms, and club and department stores through to small natural, ethnic and specialty food stores. Liberty’s brands include: Knorr, Wasa Crispbreads, Horton’s Rum Cakes, and Kame Asian foods, among others.

BLINCO SYSTEMS INC. is the developer of 3rdwave® Global Commerce Management and 3rdwave Supply Chain Management solutions. 3rdwave’s applications globally automate and integrate product, order life-cycle, trade management, sales and financial processes for leaders in the automotive, consumer goods distribution (hard goods and soft goods), food, metals trading, retail, apparel and break bulk areas, among others. Blinco has been repeatedly nominated to Global Logistics & Supply Chain Strategies,’ Consumer Goods Technology’s, Food Logistics,’ and Inbound Logistics’ Top 100 vendors. Supply Chain Systems’ Magazine and AMR Research voted 3rdwave's client, Honda Trading America, as North America’s leading "Supply Chain Innovator" in 2000. International headquarters are in Toronto, Canada; U.S. offices are in New York, NY. For more information, visit the company’s website at www.blinco.com.