Released on: August 22, 2008, 4:58 pm

Press Release Author: Thomas R. Cutler

Industry: Software

Press Release Summary: TraceGains Success Due to Founder William R. Pape

Press Release Body: William R. Pape is the Founder, Executive Vice President &
Corporate Secretary of TraceGains. During the 1970's Pape worked for the United
Nations in Southeast Asia responsible for development projects in over thirty Asian
countries, and was an Assistant Professor of Decision Sciences at the University of
Hawaii, School of Business. Pape holds degrees from Stanford University and the
University of Hawaii.

From 1982 to 1998 Pape was a VeriFone co-founder, senior manager, and corporate
officer until VeriFone was sold to Hewlett Packard. VeriFone pioneered the
electronic acquisition and transfer of credit card information and, at the time of
the H-P acquisition, handled over 65% of the world's daily credit card traffic.
Pape was one of the first five VeriFone employees, and during his VeriFone tenure,
Pape had responsibility for company operations including the technical development
groups, the product marketing groups, and the information, system and controls
groups. During this same period, Pape had an active public speaking schedule on the
virtual corporation, a concept VeriFone pioneered. Pape authored the quarterly
Virtual Manager column for Inc Technology magazine for five years, served on the
board of another NASDAQ NMS company, and was a lecturer at the National Defense
University at Ft. McNair Virginia.


Prior to VeriFone, Pape was a General Partner in Innovative Software Applications of
Menlo Park, California where he co-designed Spellguard, the first commercial
spelling checker for personal computers whose spell-check engine was licensed to
other word processors world-wide and which received the first Software Product of
the Year award in 1981 by InfoWorld magazine. ISA was ultimately sold to Computer
Associates.



TraceGains, Inc. (www.tracegains.com) was founded in 1998 with a 100% focus on
traceability. The company has a patented delivery system -14 patents granted and
growing -and also is an Issuer of United States Department of Agriculture Process
Verification Program (PVP) Label.

By providing real-time bi-directional supply chain transparency and traceability,
TraceGains reduces risks to the corporation and its executives, who may become
personally liable in case of a recall. Positively Assured Traceability provides the
following essential capabilities:
. Continuous attribute visibility for each incoming ingredient received.
. Identity preservation across commingling, batching, blending, transformation, and
re-work.
. Continuous comparison between on-floor activities, business rules, and compliancy
requirements.

However, TraceGains not only adds the missing capabilities to protect food
companies, its officers and executives, and consumers, but goes beyond to turn data
into actionable business intelligence from the floor to the board room.

With proven solutions and hundreds of implementations, return on investment (ROI)
and profitability enhancement has been independently confirmed in university
studies. Companies' bottom lines are positively affected through the following
results:
. Improved operational efficiency by identifying profit leakages.
. Enhanced product consistency by pinpointing causes of variation.
. Increasing market share by assuring trading partners they are protected with
actionable data.

By using Web Services to interconnect with all leading ERP, SCM, and MES systems,
Positively Assured Traceability can deliver compliance with internal business rules,
assurance of pedigree claims, enhanced profitability, and increased operational
excellence. From the grower, aggregator, manufacturer and processor, to distribution
and logistics, and finally the retailer, only TraceGains provides bi-directional
unit-level (item, carton, pallet, etc.) traceability while boosting profitability
and cost-effectively improving operational excellence.


TraceGains Inc.
www.tracegains.com
Marc Simony, Director of Marketing
traceability@tracegains.com
(303)682-9898


Web Site: http://www.tracegains.com

Contact Details: TraceGains Inc.
1860 Lefthand Circle, Suite G
Longmont, CO 80501
(303)682-9898