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SBS Worldwide wins Division Six business thanks to its pan-Asia offering

News Release SBS Worldwide Inc June 1, 2012
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<P align=left>London, 29 May - </B></FONT></FONT><FONT size=3
face=Helvetica><FONT size=3 face=Helvetica>SBS Worldwide has been selected by
sportswear wholesaler</P>
<P align=left>Division Six to implement and operate a pan-Asia warehousing and
distribution</P>
<P align=left>supply chain operation.</P>
<P align=left>SBS Worldwide will provide Division Six, which partners with well
known brands and</P>
<P align=left>national retailers to liquidate dated, discontinued and overstock
merchandise, with</P>
<P align=left>transport and storage solutions for quantities of branded garments
from multiple</P>
<P align=left>factories around South East Asia and China for re-sale and
distribution within Asia,</P>
<P align=left>as well as Australia and South Africa.</P>
<P align=left>SBS Worldwide provides bonded and non-bonded logistics facilities
throughout Asia</P>
<P align=left>to handle the project and also manages the logistics, factory tax
reclaims and export</P>
<P align=left>documentation to ensure trouble-free storage, sortation, picking
and distribution</P>
<P align=left>when the goods are sold.</P>
<P align=left>Stephen Schwarz, Business Development, Division Six, said: &#8220;SBS
Worldwide&#8217;s</P>
<P align=left>ability to implement a pan-Asia supply chain operation using
warehousing across the</P>
<P align=left>region tailored to our exact requirements has been impressive.</P>
<P align=left>&#8220;Operations are extremely reliable despite the complex nature of
the operation and</P>
<P align=left>the level of local expertise required.&#8221;</P>
<P align=left>SBS Worldwide Group Chairman Steve Walker added: &#8220;The project
required a</P>
<P align=left>supply chain solution that could handle multiple origins, varying
quantities of product</P>
<P align=left>and needed to be operated by a company with knowledge of Asian
export regimes.</P>
<P align=left>&#8220;Making the project even more complex, final destination of
products is unknown until</P>
<P align=left>Division Six has sold the goods.&#8221;</P>
<P align=left>SBS Worldwide designed the operation to ensure that parties
involved could benefit</P>
<P align=left>from tax incentive schemes.</P>
<P align=left>In countries operating export tax incentive schemes, factories
have a limited</P>
<P align=left>timeframe in which to reclaim the tax benefit after the date of
export, however the</P>
<P align=left>goods may not be shipped out of the country within this timeframe
after being sold</P>
<P align=left>and delivered to Division Six.</P>
<P align=left>To avoid any delay for the exporter in receiving the tax rebate,
SBS Worldwide</P>
<P align=left>arranges for the goods to be &#8216;exported&#8217; into bonded logistics
facilities around Asia</P>
<P align=left>and assists the factory in the rebate application.</P>
<P align=left>The goods are then held securely and &#8216;exported&#8217; out of the origin
country, pending</P>
<P align=left>onward distribution to multiple buyers in multiple locations at
later dates.</P>
<P align=left>The contract follows on from SBS Worldwide&#8217;s satisfactory handling
of Division Six&#8217;s</P>
<P>Full Container Load business from China to
USA.</P></FONT></FONT></DIV></BODY></HTML>