ZURICH, Switzerland & SEATTLE, Washington, 22 September 2008 - arviem and AscentIQ, two leading providers of global logistics consulting and technology services, today announced a strategic partnership to deliver global trade management services to importers, exporters, consignees of consumer products, electronics, chemical and pharmaceutical industries and others.

This service enable clients to achieve end-to-end, real-time supply chain visibility from an independent, trustworthy source. The arviem and AscentIQ service will eliminate the uncertainty, inefficiency and risks in executing and fulfilling a (global) trade shipment - allowing organizations to address their critical strategic supply-chain goals, including trade cost reduction, improved customer service and a fast 'go-to-market' capability.

"Our solution enables analyzing and reporting capabilities, such as performance dashboards, ad hoc reporting, online analytical processing and statistical tools, enabling the client to make use of additional visibility and empowering them to make smarter and faster business decisions by providing more detailed, accurate, and timely understanding of their selected performance metrics," said Fred Barrett, managing partner at AscentIQ.

"Our service offers organization's the ability to ship on schedule and at cost, manage and authorize custody, customs and regulatory rules, while providing end-to-end visibility online," said Stefan Reidy, CEO of arviem. "This strategic partnership is about ensuring an effective and functioning global supply chain. The resulting outcome is to correct negative trends before they become costly problems."

Today, over 16 million containers are in transit throughout the world on any given day, managed by on average 40 different parties per container. As exporters and importers' supply chains extend globally, their financial and operational risk grows exponentially. The inherent uncertainty and variability of global trade is a major source of the real and perceived risk, resulting in the higher cost of executing a trade. Many importers' sourcing strategies underestimate the magnitude of the hidden costs of a longer global supply chain, including decreased flexibility, delivery delays and cargo loss, that results in increased costs of goods, production disruptions and lost revenues from missed sales.

Sweet Life, an innovative producer of high quality sweeteners, breath mints and semi-pharmaceutical products, has begun working with arviem and AscentIQ to improve its global supply chain visibility for trade lanes between China and Europe.

"Operating a global supply chain without really knowing where the cargo is, its condition, who has custody of it, or when a major event occurs, is experiencingmanaging it"

The arviem-AscentIQ independent service provides complete visibility, reduces trade transaction uncertainty, mitigates risk and optimizes fulfillment. In so doing, an organization's global supply chain is enhanced to a full service source, avoiding the fragmented, inefficient supply chains that can impede effective trade and drive up costs. The service offers reliable real-time information, combined with trade transaction and fulfillment performance analysis and reporting capabilities, that can be easily integrated with an organization's existing trade management and financial systems,all with a drag-and-drop interface that has a client up and running in a day.

About arviem:
arviem Trade Monitoring Service focuses on solving the challenge of executing a visible and intelligent global trade. Our service provides independent real-time end-to-end visibility for cargo in transit. arviem is the only service provider which offers a 'pay-as-you-use' trade monitoring service, allowing our clients flexibility in managing their supply chains while avoiding the cost of developing a proprietary solution or the need to invest in devices, hardware, software and staff, thereby minimizing the expense of improving their trade management and supply chain operations. www.arviem.com

About AscentIQ:
www.ascentIQ.com

Press Contacts:

arviem: Stefan Reidy, reidy@arviem.com

AscentIQ: Debra Jacobs, info@ascentIQ.com