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January 31, 2000

FedEx is Named E-Courier in Singapore E-Awards

BEIJING, January 31, 2000 - Federal Express Corporation (FedEx), the world's largest express transportation company, was given top honors as E-courier at a ceremony held recently at the Singapore eAwards 2000.

FedEx was recognized as one of the five top e-commerce businesses in Singapore based on its innovation in adopting e-commerce and the development of tools to assist companies of all sizes in embracing e-commerce.

Receiving the award on behalf of FedEx was Rajesh Subramaniam, Vice President for Electronic Commerce and Customer Service, FedEx Asia Pacific. "The eAwards is a great initiative that will go a long way to encourage companies in Singapore to innovate and adopt e-commerce as part of their core business initiative. This is important for them to compete in the digital economy," said Mr. Subramaniam.

"For FedEx, winning this award reflects the dedication and enthusiasm of our employees, and our company's culture for innovation. It also underscores our commitment to become a one-stop integrated solutions provider for businesses in Asia Pacific. With the combined power of our air, ground and information technology networks, we are in a very strong position to assist companies looking for integrated solutions," said Mr. Subramaniam.

"The e-courier title in the eAwards highlights a crucial aspect of both business to business and business to consumer e-commerce, that is e-fulfillment. When a manufacturer clicks onto the Web to order a product, it is critical to have in place a physical infrastructure of warehouses, planes and trucks in order to fulfill the order delivery efficiently, particularly for time-sensitive, high value items," continued Mr. Subramaniam. "The challenge has become that of getting the product to market as reliably as possible," said Mr. Subramaniam.

The eAwards, organized by eCommerce consortiums ec.Think and CommerceNet Singapore (CNSG), aims to spotlight organizations which have successfully embraced e-commerce to their business advantage. "FedEx has been a key e-commerce player in its industry and the panel recognizes their e-commerce innovation and leadership. Its leadership has helped to promote e-commerce among local companies," said Mr. Willie Cheng, Country Managing Partner, Andersen Consulting and Chairman of ec.Think.

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