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Press Release

Robert S. Hemstreet Joins GTC as Senior Vice President Business Development, USA

Robert Hemstree

Toronto Canada, January 5, 2009 - GlobalTrade Corporation (GTC) has announced today that Robert (Bob) Hemstreet has joined GTC as Senior Vice President Business Development, USA.

Bob has an extensive background in Treasury and Information Technology, having spent the last 35 years working for Textron Inc. a well known global multi-industry manufacturing company. Some easily recognizable Textron brands include Bell Helicopter, Cessna Aircraft, E-Z-Go Golf Cars, to name a few. Most recently Bob served as the Assistant Treasurer of Global Treasury Operations, of the centralized Textron Treasury Department located in Providence, Rhode Island.

'Bob has been known at Textron and throughout the industry as someone that embraces process improvement, cost reduction, and simplification of workflow,’ said Jacob Katsman, GTC's CEO. ‘Bob has a number of certifications including, CTP, CDP, and Six Sigma Green Belt and I cannot think of a better person that can help GTC develop the US marketplace.'

'I am extremely excited to join the GTC team and to focus my energies working with Corporations and Banks to realize the benefits of @GlobalTrade,’ said Mr. Hemstreet. ‘I don’t view my role as marketing; instead I view myself as a problem solver and someone that can offer State of the Art solutions and Best Practices. The workflow, communication protocol, and controls inherent within the modular design of @GlobalTrade speak for themselves. Demonstrating the business case for proven technology that reduces time and effort, efficiently handles transaction initiation, provides for decentralized processing with centralized control, and seamlessly produces required reporting and essential transaction tracking will be my primary mission. The Best Practice focus has been and continues to be to reduce the amount of touch points focusing on Straight-Thru-Processing, improving the availability of information, and enhancing controls, @GlobalTrade embodies all of these.'

About GTC

GlobalTrade Corporation (GTC) is a software developer and applications service provider whose product solutions improve the world of trade finance and trade services. Our @GlobalTrade systems help buyers, sellers, traders, and financial institutions communicate faster and more efficiently while reducing risk and improving monitoring and control. Our customers are business enterprises that need consolidated access to multiple banks and financial institutions that require supply chain finance solutions to meet their clients' needs. @GlobalTrade™ is the registered trademark of GlobalTrade Corporation.

Media Contact

GlobalTrade Corporation
Mabel Keung
+1 416 661 8520