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ifntech Launches Food B2B Platform, ifntech Supply Chain Manager OAKLAND, Calif. - July 19, 2000 - IFN Technologies, inc., www.ifntech, today announced the release and availability of its B2B platform application, ifntech Supply Chain Manager(TM). The application provides food manufacturers and suppliers a real-time environment where they can manage product information; conduct contract management, price management, purchase order management and online tracking. ifntech's entirely web-based, real-time solution is focused on the International Food Manufacturing Industry, providing companies a seamless and efficient manner to work with their business partners around the world. ifntech extends the solution to partners deep within the supply chain, enabling them to better manage the consistency and costs of products. ifntech is building the applications and infrastructure to help the food industry and marketplaces conduct e-business today. About ifntech ifntech is an Application Service Provider that offers food suppliers, manufacturers, marketplaces and their service partners a quick, low cost, effective solution towards a branded, web-enabled supply chain management system, powered by ifntech. This system provides an infrastructure based on the ifntech software. The ifntech platform is easy to use. There is no software to purchase or download and it was designed by food professionals to fit the way companies manage their business today. ifntech works closely with customers to assess their e-business needs and to build a high quality corporate site if needed. The site is then integrated and connected to the ifntech platform via a tunnel or login section. When logged into the system, suppliers and manufacturers can conduct normal business functions within this business community. Daniel Reese, CEO and founder of ifntech, says, "We deliver a web-based supply chain management infrastructure to the food industry that provides businesses the opportunity to streamline costs and increase efficiencies throughout the supply chain. This set of applications enables companies to conduct their e-business within a real-time transaction environment. Companies within the food industry will now be able to integrate activities and conduct collaborative planning across the entire supply chain." ifntech is actively pursuing strategic relationships with key partners within the food industry. These partnerships include logistics companies and associations, warehousing companies and related software applications. By developing these relationships, ifntech can offer clients a fully integrated and efficient end-to-end e-business solution. ifntech is currently a privately funded company that was founded in September of 1999 and is based in Oakland, Calif. Call 510/536-4769 or visit ifntech online at www.ifntech.
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