RosettaNet Worldwide Summit and Conference Highlights Future Opportunities Afforded by Standards-based Electronic Transactions

Chief Minister of Penang - The Honorable Tan Sri Dr Koh Tsu Koon, to address conference and summit participants

PENANG, MALAYSIA (29 October 2007) – The RosettaNet Community is combining its bi-annual Global Community Summit with the organization's Global Partner Conference in Penang October 29 – 31 at the Equatorial Hotel in Penang, Malaysia. The education and networking event is being hosted by RosettaNet Malaysia and will bring together a global audience of established RosettaNet consortium members from more than 19 countries as well as prospective trading partners from the high technology, telecommunication, logistics, and other industry sectors.

As a user-driven, non-profit consortium, RosettaNet develops universal standards for the global supply chain, emphasizing bottom-line, measurable results. A recent survey on RosettaNet adoption and implementation, conducted in collaboration with Nanyang Technological University of Singapore shows that companies save an average of US$156,000 annually in their supply chain operations after implementing RosettaNet standards and processes. More details will be shared at the Conference.

The Summit and Conference features The Honorable Chief Minister of Penang Tan Sri Dr Koh Tsu Koon addressing the key role RosettaNet has played in driving Penang 's competitive spirit and business environment. In addition, attendees will hear speakers from leading companies that have widely adopted and implemented RosettaNet standards including: Nokia GbmH, Intel, IBM, British Telecom, Hewlett Packard, Fujitsu, Microsoft, B-Global, CrimsonLogic eTrade Services, e2OPEN, Microsoft, TM and WebMethods.

“Our member companies operate some of the most efficient supply chains in the high-tech industry. In fact, some have been cited to be leading best practices across all industries”, Herman Stiphout, RosettaNet President, said. “This is a tremendous opportunity to hear directly from these experts about RosettaNet and its contribution to business value creation in manufacturing, trading network management, and emerging industry issues.”

“It is our great pleasure to host this important conference in Penang, allowing us to highlight the importance of RosettaNet's advanced eBusiness business-to-business standards to our fast growing market in Malaysia,” Foong Heng Huo, Director of RosettaNet Malaysia, said. ”As more and more high technology, multinational companies move their manufacturing facilities to Malaysia, we think it is critical for RosettaNet to take a leadership role in helping to build a modern supply chain to bring local small and medium enterprises to the global economy.”

RosettaNet is part of GS1US, a leading global organization dedicated to the design and implementation of global standards and solutions to improve the efficiency and visibility of supply and demand chains globally and across sectors. RosettaNet Malaysia was founded in 2002 and currently has 446 registered Malaysian companies that implement RosettaNet standards.

About RosettaNet

RosettaNet is a non-profit consortium dedicated to the collaborative development and rapid deployment of open, business process standards that align processes within global trading networks. RosettaNet standards and services provide a common language for business transactions and the foundation for integrating critical processes among partners within the global supply chain. Companies that use RosettaNet's proven standards benefit from added cost-savings throughout supply chain processes, improved e-business communications with trading partners, enhanced product life cycle management capabilities, and added customer satisfaction. For more information about RosettaNet, visit www.rosettanet.org .

 About GS1US

GS1US is a leading not for profit organization dedicated to the design and implementation of global standards and solutions to improve the efficiency & visibility of the supply and demand chains globally and across sectors. The GS1 system of standards is the most widely used supply chain standards system in the world. For more information on GS1US, please visit: www.gs1us.org