Quadrem Q1 2006 Revenues 41% Higher Than in Q1 2005

Quadrem Q1 2006 Revenues 41% Higher Than in Q1 2005

April 26, 2006

Supplier Network Increases Community Membership 81% to 26,500 Companies, 2006 Order Throughput on Track to Exceed $12 Billion

    SINGAPORE, April 26 /Xinhua-PRNewswire/ -- Quadrem's
first quarter 2006 revenues grew 41% year-over-year, a
continuation of the company's explosive year-over-year
revenue increases which exceeded 60% in both 2004 and 2005.
  Additionally, Quadrem increased its supplier network 81%
over Q1 2005 to more than 26,500 companies.  Order
throughput value reached a record $1.1 Billion in March,
bringing the Q1 totals to 490,000 purchase orders worth
approximately $3 Billion.

    "Quadrem's success stems from our commitment to
expanding value delivery to our customers and
shareholders," said Quadrem CEO Charles Jackson. 
"We continue to develop the acumen necessary to solve
customer pain points and have established a solid track
record for successful global supply chain initiatives. 
We're capitalizing on this experience as we roll out new
solutions and expand our geographic footprint to lower
supply chain costs for our growing global customer
base." 

    "Quadrem is off to a great start this year,"
said CFO Gary Ito.  "We've set aggressive goals for
the company, and performance is in line with the company's
strong growth expectations."

    Quadrem's 2006 results build on a trend of rapid
growth.  The supplier network has charted community growth
of 96% to 233% year-over year since its inception.

    About Quadrem

    Quadrem ( http://www.quadrem.com ) provides business
solutions that connect buyers and suppliers to maximize
supply chain efficiencies.  Quadrem's global transaction
platform, vibrant international trading community and
high-quality content services enable customers to implement
the most effective supply chain initiatives for buyers and
suppliers.  Established in 2000, Quadrem has locations in
Australia, Brazil, Canada, Chile, France, Korea, Mexico,
The Netherlands, Peru, Saudi Arabia, Singapore, South
Africa, the United Arab Emirates and the United States.

    For more information, please contact:

     Katherine Kirkpatrick
     Tel:   [phone]
     Email: [e-mail] 

     Choon Boon Heng 
     Tel:   [phone]

SOURCE  Quadrem