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August 24, 2000

FedEx bolsters its eBusiness tools portfolio

Adds new Return Management tool and re-brands existing e-commerce services

SYDNEY, August 24, 2000 -- FedEx Express ("FedEx") today announced that it had bolstered its eBusiness tools portfolio and announced the re-branding of its full range of e-commerce services for Asia-Pacific customers. These initiatives serve to further strengthen FedEx's e-commerce capabilities in the region, providing customers in Australia a more user-friendly and comprehensive range of custom-made eBusiness tools that facilitate their business-to-business and business-to-customers Internet commerce.

The newly-launched eBusiness tool - FedEx EC-Return Management - is an automated system that enables merchants to provide integrated return, repair and replacement services to their customers. It also provides quick turnaround service in returns management through an automated process and multiple support schemes to suit a wide range of services.

"Riding on our success with clients including Sony and Stareastnet.com since the launch of our e-commerce solutions last December, we decided to further enhance our services by adding a new return management product and re-branding the entire range of services into unmatched, user-friendly eBusiness tools for our customers in Asia," said Rajesh Subramaniam, vice president, Electronic Commerce and Customer Service (ECCS), Marketing and Communications, FedEx Asia Pacific.

"We are very excited about these initiatives. In today's increasingly competitive environment, businesses recognize as never before the value of an efficient supply chain as a strategic weapon that saves time and costs. The FedEx EC-Return Management, together with our existing FedEx eBusiness tools, will provide a powerful vehicle in enabling businesses to further streamline their supply chain and distribution systems," he added.

The renamed FedEx eBusiness Tools include:

  • FedEx EC-Ship (formerly known as GIVSship): An electronic-commerce solution that integrates FedEx shipping solutions with the merchant's existing web site and electronic order entry system.
  • FedEx EC-Inventory Visibility (formerly known as Global Inventory Management System - GIVS): An electronic inventory-management system that allows companies, using FedEx's warehouse logistics services, to efficiently access via the Internet updated information on inventory stock located virtually anywhere in the world. Companies can also place orders online to ship their stock from FedEx's warehouse to the customer.
  • FedEx EC-Shop (formerly known as Virtual Order Plus): An electronic-commerce solution that enables a retailer to easily set up an electronic online storefront and provide its customers with a display of its goods, special deals and promotions. Customers can select goods and make payments using credit card mechanism via a secured link and arrange shipping on-line.

To facilitate easy access to its eBusiness Tools' information, FedEx has launched a new dedicated icon on its local FedEx homepage at www.fedex.com, which will direct customers to the four products with just one click. Customers can now easily access a whole host of information from online shopping and shipping to inventory and information management to products return for repair and replacement services. In addition, customers can email ebiz@fedex.com to learn more about how to excel in the world of Internet business.

"We are very optimistic about the fast pace of growth for the e-commerce market in Asia Pacific. We are confident that our enhanced eBusiness tools portfolio, with our unmatched reliability and unparalleled transportation network, caters to the needs of the growing number of Australian small and medium sized enterprises as well as its large corporations. FedEx, as a partner, is well-positioned to help companies to start and manage their e-businesses and win the competitive advantage," said Mr. Subramaniam.

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