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Danzas to enhance Internet based service offerings

Danzas has signed a pilot agreement with Canadian CCEWeb Corp., a global service provider to financial institutions and facilitator of @GlobalTrade™, Internet based trade processing and document management.

Basel, Switzerland (November 7, 2001) -- The parties have agreed to work together to enhance cross border trade by linking together the informational and physical logistical requirements. Danzas Canada, will participate in the pilot of @GlobalTrade together with one of their corporate customers Gross Machinery of Canada. Under this agreement the companies will join forces to enable their respective clients to move their logistics, payments and the required documentation in one seamless on-line process.

Danzas Group occupies a leading position in all business sectors as well in providing innovative E-Business solutions like E-Fulfillment and advanced Supply Chain Management services. In view of the changing needs in today's market, Danzas focuses on flexibility and innovation. "To meeting our customers demands of today and for the future, we steadily refine our E-Business Strategy by providing best of breed tools. One of them is CCEWeb with its @GlobalTrade solution rounding up our E-Fulfillment Suite by covering the Trade Financing fragment of our offering", said Ralph Leyendecker, Manager Corporate eBusiness Development of Danzas Group in Basel, Switzerland.

CCEWeb's @GlobalTrade™Secure Payment and Trade Management System aims to bring all parties to a trade transaction onto the same electronic page. CCEWeb open web based platform uses Adobe Acrobat as part of its secure document management system and allows various parties in the chain to use their existing systems to upload documents in Adobe PDF format, digitally signed.

@GlobalTrade offers all Trade Service Providers such as carriers, surveyors, freight forwarders, customs brokers, insurance providers, chambers of commerce an easier and faster delivery method for electronic reports and certificates from the information on their existing computer systems to their clients allowing for enhancement of customer service, cost reduction, and time saving due to expedient processing of transactions.

"Having shown the @GlobalTrade solution to importers, exporters, bankers, carriers, freight forwarders, customs brokers, chambers of commerce and government organizations we have received a clear message that our evolutionary approach to trade processing is the way to go", said David Jack, CCEWeb's Manager of E-Commerce. We look forward to working with Danzas in the pilot and to add value to them and their customers.

About CCEWeb Corp.

CCEWeb Corp. is a service provider to financial institutions involved in international merchandise trade. The company together with China Systems, the world's largest software vendor to financial institutions, created @GlobalTrade™ Secure Payment and Trade Management System which allows for electronic trade processing. Users are able to conduct their business over the Internet thereby maximizing available credit, reducing transaction fees and dramatically simplifying all aspects of the process including the issuance and presentation of electronic documents and tracking the progress of transactions online in real time. All of this is carried out in an environment that provides bank-level security and satisfies existing ICC rules and trade practices. CCEWeb's goal is to bring all parties in a trade transaction onto the same electronic page. For more information contact David Jack (info@cceweb.com) or visit CCEWeb on the Internet at www.cceweb.com or via phone +1 416 661 8520.

Logistics. Worldwide. With a strong presence on every continent, the Danzas Group is the world's leading provider of logistics solutions. Its 43,000 employees worldwide generated net sales of EUR 8.3 billion (USD 7.8 billion, CHF 12.9 billion) in 2000. Danzas is based in Basel, Switzerland, and belongs to the Deutsche Post World Net.

For further information please contact:
Patrick Kaiser
Head of Corporate Communications
TL: +41/61/274 7181
Fax: +41/61/274 7198
E-mail: patrick.kaiser@danzas.com