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December 6, 1999

FedEx introduces suite of E-Commerce solutions

New services tailored to meet specific supply chain needs of customers

Hong Kong, December 6, 1999 -- Federal Express Corporation ("FedEx"), the world's largest express transportation company, today unveiled a range of new e-commerce services. This new suite of services provides customers in Asia with tailored electronic-commerce solutions over the Internet that further streamline their supply chains and distribution systems.

"We believe that this new suite of customized solutions will enable FedEx customers in Asia to unlock the enormous potential for electronic commerce. These innovative new information technology solutions will be a tremendous boost to our e-commerce portfolio, facilitating business-to-business and business-to-consumer Internet commerce" said Rajesh Subramaniam, vice president, Electronic Commerce and Customer Services (ECCS), Marketing and Communications, FedEx Asia Pacific.

The FedEx suite of e-commerce services offers solutions for the differing needs of customers doing business on-line from virtual shopping and shipping to inventory management and procurement.

• Virtual Order Plus^TM : An electronic-commerce solution that enables a retailer to easily set up an electronic on-line storefront and provide its customers with a display of its goods, special deals and promotions. Customers can select goods and make payments in a variety of ways via a secure link and arrange shipping on-line.
• GIVSship™ : An electronic-commerce solution that empowers merchants to use their order number to ship and track packages directly without leaving the merchant website.
• Global Inventory Visibility System^TM : 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 on-line to ship their stock from FedEx's warehouse to the customer.
• FullView^TM : An electronic-commerce solution that offers buyers and merchants an on-line business trading platform comprising integrated logistics, transportation and other value-added services and provides the flexibility of a one-stop shop for on-line supply chain management.

FedEx is a total-solutions provider offering an unparalleled worldwide transportation network interwoven with an extensive warehousing and information technology network. This suite of value-added services, enhanced by the Internet and new technology, serves to further strengthen FedEx's integrated capabilities.

"In today's increasingly competitive environment, companies are constantly looking for better and more efficient ways to do business. More and more, they are recognizing the importance of supply-chain management combined with e-commerce as a strategic weapon. The new FedEx electronic suite of services, with our unmatched reliability and unparalleled AsiaOne network, caters to the needs of both small and medium sized enterprises (SMEs) and large corporations, giving them powerful tools to win the competitive advantage." said Mr. Subramaniam.