ASIANET: EAI Journal's "Best E-Business Solution" Awarded to GE Global Exchange Services and Fedex Corp.

Global Exchange Services and Fedex Corp.

FedEx E-Commerce Network, With Integration Technology From GXS, Processes More Than 3 Million Business-To-Business Transactions Per Day

HONG KONG, May 25 /PRNewswire Asia-AsiaNet/ -- GE Global eXchange Services and FedEx Corporation (NYSE: FDX) have won the 2001 EAI Journal "Best e-Business Solution" Award.

The prestigious award is based on their joint effort in building FedExNet, a FedEx-owned and operated e-commerce network that processes over 3 million transactions per day and provides extensive professional services to more than 5,000 customers. GE Global eXchange Services (GXS) provides integration technology for FedExNet, which, since its implementation in 1996, has saved FedEx $50 million.

As FedEx's communications backbone, FedExNet streamlines supply-chain transactions between FedEx and its suppliers and customers, reducing cost and enhancing customer loyalty. FedExNet uses the message routing and data-transformation capabilities of GXS's Enterprise System(TM) to provide supply-chain integration for procurement of goods and services, as well as supporting FedEx customers. For example:

* FedExNet supports a real-time notification service that supports e-mail, fax, paging and printing. Currently,

FedExNet sends more than 50,000 e-mails per day in support of Internet shipping, alerting the recipient to arriving shipments with their associated airbill number.

* FedExNet enables customers to connect to FedEx using the Internet, leased lines or value-added networks for the electronic exchange of business documents covering shipping, tracking, invoicing and remittance.

"The recognition from EAI Journal is a testament to the service FedExNet is able to provide to our customers and suppliers, who have been enjoying the benefits of the integration for several years," commented Jim Myers, managing director of integration development services, FedEx Corporate Services, Inc. "GXS's Enterprise System forms the core component underpinning the system and was selected because it is proven technology and it has a robust messaging and translation engine."

"When a company's business is moving packages around the world, systems integration is vital to providing customers real-time information," said Steve Scala, GXS vice president of integration solutions. "We are proud that our joint effort with FedEx, using Enterprise System, was named 'Best e-Business Solution."

About FedEx

With annual revenues of $20 billion, FedEx Corp. is the premier global provider of transportation, e-commerce and supply-chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second largest provider of small-package ground delivery service; FedEx Freight, a leading provider of regional less-than-truckload freight services; FedEx Custom Critical, the world's largest provider of expedited, time-critical shipments; and FedEx Trade Networks, a provider of customs brokerage, consulting, information technology and trade facilitation solutions.

About GE Global eXchange Services

GE Global eXchange Services (GXS) operates one of the largest B2B e-commerce networks in the world, with more than 100,000 trading partners. The network's 1 billion annual transactions account for $1 trillion in goods and services. With a presence in 58 countries, GXS applies Six Sigma quality processes to provide e-commerce solutions that help businesses around the globe remove costs from their supply chains. GE Global eXchange Services is a part of the General Electric Company, U.S.A., and is headquartered in Gaithersburg, Md. (800) 560-4347. Visit our Web site at http://www.gegxs.com.

SOURCE GE Global eXchange Services

/CONTACT: Grace Ng of GE Global exchange, +852-2884-6035, or [email protected]/

/Web Site: http://www.gegxs.com/

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