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DE Technologies Receives U.S. Patent for International E-Commerce System

Borderless Order Entry System (BOES™) Simplifies International Trade Transactions

MONTREAL, QUEBEC, October 1, 2002 - DE Technologies, Inc., a private company specializing in international trade transactions, announced that the U.S. Patent and Trademark Office today awarded Patent No. 6,460,020 for the company's Borderless Order Entry System (BOES™). 

The BOES technology is the first single, integrated process to electronically manage an international trade transaction - from purchase orders, to invoices, to ocean and airway bills of lading, to commercial invoices - in any language or currency. This includes the calculation of air, sea and land freight costs, applicable taxes, import/export duties and the processing of electronic title transfers. 

"We are extremely gratified that after five years of unprecedented scrutiny and review, the Patent Office has agreed that DE Technologies was the first company to invent a single process to electronically manage all of the complex elements of an international trade transaction," said Ed Pool, Co-Founder and CEO of DE Technologies. 

In the early 1990s, at the very beginning of the Internet era, Pool grew frustrated with the challenges a small business faced trying to put together international trade deals. By the time purchase orders, pro forma invoices, ocean and airway bills of lading and commercial invoices were completed, currency rates had changed and the whole process had to start over. 

As a result, Pool worked with Co-Founder and CTO Douglas Mauer to create the BOES technology.

BOES enables multi-national businesses and entrepreneurs to export and import products from any country via the Internet. Currently, only highly skilled businesses are capable of cost effectively exporting or importing products. The economic efficiencies of this patented business-to-business (B2B) and business-to-consumer (B2C) technology also allows small and medium-size companies to effectively compete in the international marketplace and significantly expand their market share. 

"After five years of thorough review, we're pleased to have our patent in hand," said Bruce Lagerman, President of DE Technologies. "We look forward to speaking with potential partners and investors in the coming weeks to build a thoughtful approach to commercializing our system."

DE Technologies' BOES technology is now patented in the United States, New Zealand (No. 505284) and Singapore (No. 74390). Additional patents are pending in more than twenty countries. 

About DE Technologies

With offices in the Canada and the United States, DE Technologies, Inc. is focused on providing a standard system for international trade transactions. Working with strategic partners, the company's standard for international e-commerce transactions will decrease costs, processing times and streamline trade operations.

Roseview Capital Partners is a Boston based investment banking firm that has been retained by DE Technologies as their financial and capital markets advisor. Roseview will serve as the principal interface on behalf of the company in upcoming discussions with potential partners and investors.

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