ClearCross Completes the Addition of United Kingdom Trade Compliance Regulations to its Export Compliance Solution.

Business Editors/Hi-Tech Writers

RESTON, Va.--(BUSINESS WIRE)--Nov. 27, 2001

Continuing to Answer the Need for Intelligent Content as the Focus On

Trade Compliance Heats Up for Global Corporations

ClearCross announced today that it has completed the addition of United Kingdom export requirements to its Export Compliance Solution (ECS).

Corporations facing the reality of multiple trade regulations that can simultaneously impact their transactions and ability to be compliant wherever they conduct business will find added value in the ClearCross solution.

Corporations are often unaware of the hundreds of thousands of government regulations that impact each of their transactions on a daily basis. Any United States corporation that is conducting business in the UK and exports its goods from that country is not only required to meet the local (UK) and European Union export requirements but must also abide by the U.S. export regulations and licensing requirements.

These regulations impact trade transactions simultaneously, which can result in a process that is quite challenging to meet using manual processes.

Like the U.S., the UK has regulations that pertain to an overwhelming variety of goods and technologies that are deemed to have both commercial and military applications that can be cumbersome to track manually. It is also one of the world's largest exporters of goods, placing fifth in the world market. These two important factors make it a logical next addition to the ClearCross ECS.

"We are responding to a demand from our core vertical markets for trade content that is reliable and continually updated as new regulations are announced," says Bruce Johnson, CEO of ClearCross, Inc. "It is impossible for companies to track these changes themselves while also running their daily operations. We have the most comprehensive content available within our ECS delivering our customers the tools they need to successfully compete globally."

Sets of rules from each pertinent country must be applied to every transaction, and if any transaction fails to meet the applicable standards, the entire transaction is non-compliant. ClearCross' ECS addresses this issue seamlessly with its unique engine architecture.

ECS manages the total screening of a transaction against multiple countries' regulations within the product and then sends back a multiple country compliance check to the user.

Corporations wanting to implement an immediate solution to meet their export compliance needs have ClearCross Fast Track as an option. The Fast Track solution for ECS is optimized for corporations looking for low-risk, comprehensive option for their cross border export compliance needs.

This feature rich out-of-the-box offering introduces fast, affordable and guaranteed implementation, giving companies the ability to reduce their risk of non-compliance and help ensure supply chain efficiency.

ClearCross will continue to add European Union and other countries' trade compliance regulations to its engine. By the end of 2001, Ireland, The Netherlands, France, Germany, and Taiwan will also be available.

About ClearCross

ClearCross Inc. (www.clearcross.com) is the only global technology company that provides a single knowledgebase for the planning, compliance, and documentation content needed to effectively execute - and accelerate - international trade. Solutions are managed to meet the specific requirements of companies competing in the chemical, energy, high-tech, pharmaceutical and consumer packaged goods arenas.

ClearCross is also the first provider to include (M)SDS and HazMAT phrases to its solution suite.

As the only global supply chain provider, ClearCross is uniquely positioned to support international trade requirements -with over half of its revenues from outside of the United States- and services more than 1,000 customers in 22 countries.

ClearCross' comprehensive portfolio enables businesses to expand worldwide sales and dramatically streamline product development, fulfillment and procurement processes. ClearCross is privately held and headquartered in Reston, Virginia, USA.