YKL Logistics Signs Agreement with Tradecard Inc.

YKL Logistics signed an agreement October 6th to be a logistics servic
e provider for Tradecard Inc., a next generation international trade s
anction system.
Tradecard Inc. will help domestic trade companies to complete their in
ternational trade through the Internet. Tradecard already announced th
at it would start their service in the Korean domestic market on Augus
t 2nd, 2000. It has been a typical problem on how to resolve sanctions
on-line. Even though customers and sellers could meet together on-lin
e, negotiate with each other, and complete orders, they couldn't resol
ve sanction matters on-line. They have had to go back off-line to hand
le sanction matters, complete documentation and generally waste time.
Tradecard officials said that customers and sellers may finish their t
rade sanction procedures on-line by just paying a given commission for
one project to use a Compliance Engine and Financial Sanction Platfor
m.