GlobalWare Solutions Announces Expansion into China

Acquisition Gives Supply Chain Services Firm Facilities in China, Singapore and Malaysia

HAVERHILL, Mass.-October 8, 2003 - GlobalWare Solutions, Inc., a leading provider of supply-chain management, fulfillment, e-commerce and reverse logistics, today announced its expansion into China, acquiring Mainstream International, Ltd., a leading Asian supply chain management company. The acquisition gives GlobalWare a significant presence in the burgeoning Asia market, with facilities in Shenzhen, Wuxi and Shanghai, China; Hong Kong; Malaysia; and Singapore. Terms were not disclosed.

GlobalWare Solutions Chief Executive Officer Tony Rudston stated the acquisition was part of GlobalWare's strategy to establish a presence in markets where the company's customers anticipate the greatest opportunity for growth. "Our customers clearly see tremendous opportunity in China and in Asia," said Rudston, "and we are taking the strategic actions necessary to position ourselves globally to meet their needs in these rapidly growing markets."

Rudston continued, "We're responding to their needs by enhancing our services and expanding where our clients are doing business. The market for outsourced software manufacturing and content management has evolved and our goal is to provide our customers with the expertise and the global resources they require to execute their mission-critical projects."

GlobalWare offers an unparalleled suite of products and services to its customers as an outsource provider in contract software manufacturing, value-chain management, fulfillment, electronic licensing, electronic manufacturing services (EMS) and distribution.


About GlobalWare Solutions:
Headquartered in Haverhill, Massachusetts, GlobalWare Solutions also operates facilities in Redwood City, California and in Amsterdam, Holland. Among the company's roster of clients are such leading corporations as Sun Microsystems, Nortel, Philips Medical, Cox Communications, and Palm Inc. GlobalWare Solutions serves the hardware and software OEMs, the EMS industry and the broadband, medical devices, and retail industries. The company's value-chain services include new product release, content management, software manufacturing, fulfillment, distribution and reverse logistics.

The privately-held company was founded in 1978 as ZBR Publications, a full-service printer. GlobalWare acquired Bindco Corporation in 2000. The company employs 550 people and has 500,000 square feet of production space worldwide. The company's web address is
http://www.globalwaresolutions.com

 

 
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