SnT Global Pte Ltd announced that it has received US$9 million in its latest round of funding. The round was led by TH Venture Pte Ltd of Singapore, together with existing investors Jafco Asia and AsiaTech Ventures Pte Ltd.

Singapore headquartered SnT provides a solutions platform to enable e-commerce operators, manufacturers and distributors to streamline their supply chain fulfillment process to reduce cycle time, improve profitability and sustain their competitive advantage. A unique concept of the company's strategy is its ability to offer an end-to-end Business Process Outsourcing (BPO) service. At the same time the Company partners with Third Party Logistics (3PL) players in the region to make the outsourcing process a physical reality. It provides an outsourcing solution for the entire back-end e-fulfillment operations, including generating shipping instructions, storage management, transportation, shipment status tracking, handling returns, and other related processes. SnT's focus to date has been on the IT Electronics and Consumer goods industries.

The Company intends to utilize the proceeds to fund strategic product development, organic regional expansion and potential acquisitions in the Asia-Pacific region. Several acquisition candidates have already been identified in South East and North Asia. Currently the Company operates from its offices in Singapore, Malaysia and Thailand, it is also expanding its operations to Indonesia and is making final arrangements to conclude a joint venture set-up in the Philippines. The next phase of expansion will be targeted towards North Asia, with target markets being PRC, Taiwan and Korea.

"Over the past two years, SnT has positioned itself into a unique position as a provider of eFulfillment solutions in logistics management," said David Wong, the CEO and Founder of SnT. "With the monies recently raised, we will expand our operations and deliver our solutions on a regional scale. We are confident of future success due to tangible business opportunities in new regions and existing client demands that drive and support this expansion. This investment round validates the route we have taken to grow the company's value", Wong added. He continued, "in addition to our organic expansion plans, we believe it is the right time to acquire suitable companies to further bolster our regional expansion plans.

"Our BPO model allows our client companies to focus on their core competencies, while outsourcing peripheral but vital processes such as logistics to SnT where we integrate people, processes and technology to offer a unique value proposition," said En. Ramlee Ibrahim, SnT's Chief Operating Officer.

"We believe that today is the right time to fund businesses that have a tangible model and for which management has demonstrated superior execution skills," said TH Venture Pte Ltd Holdings. He added, " in the current economic scenario it is challenging to find businesses in Asia that continue to have strong growth characteristics such as SnT Global, so we are pleased to partner in their growth. "In each of SnT's investment rounds, we've gained the support of top-tier investors from key markets and leading venture capital firms," said SnT's Wong. "Clearly, the participation of a firm like TH Venture Pte Ltd will add value in resources and relationships and will be key in continuously building our business and executing our regional strategy."

In a further sign of strength of the Company, the existing investors represented by Jafco Asia and AsiaTech Ventures committed to invest in the current round and effectively increase their stake in SnT. Jafco Asia first invested in the Company in early 2000, while AsiaTech Ventures led the second funding round in December 2000.

"The Company's expansion and its exceeding of the milestones set by investors upon their initial investment in 2000, is testimonial to strong execution skills of its management and solid market demand for its services, in the face of a global downturn", said Bradley Chew, Director and Executive Vice President of Jafco Asia Singapore. He added, " the Company has proven that it can provide real solutions for existing challenges in the logistic space, and the investors are pleased to see the progress and growth of the company's business".

As the Company is now rapidly finalizing its joint venture arrangements in the region, further announcements on its regional strategy can be expected soon.

About SnT Global Sdn. Bhd.
SnT Global (SnT) integrates people, processes and technology to enable online buying and fulfillment, helping e-commerce operators, manufacturers and distributors to streamline their supply chain fulfillment process to reduce cycle time, improve profitability and sustain their competitive advantage. SnT Global provides customers with an automated end-to-end fulfillment from the buy button to the doorstep through our Business Process Outsourcing (BPO) service. This encompasses six key areas: order fulfillment, transportation management, distribution/warehousing management, reverse logistics, call-center and financial settlement.

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