ThreadeXchange (www.threadexchange.com), the global sourcing solution that delivers secure, online business-to-business transactions for the apparel industry, is pleased to announce a senior management team that will form the company's corporate structure. Founded and directed by L. Martin Patti and his son Adam Patti, ThreadeXchange will also be led by executive vice president of Global Sourcing, Sallye Creamer; vice president of business development, Chet Akiri; and managing director of apparel operations, Joseph Connelly. Together, these leaders will enhance the online apparel sourcing process by utilizing their industry knowledge and global experience.

ThreadeXchange is an Internet marketplace linking an international network of apparel sellers to buyers who are seeking high-quality goods at the best prices. Designed by ThreadeXchange's management team through years of industry experience, this centralized sourcing streamlines the procurement process by trimming away layers of agents and brokers.

With over 38 years of apparel industry experience, Martin Patti is a recognized expert in global sourcing. As chairman and CEO, he oversees all aspects of the company and sets its vision and strategy. Prior to transitioning the apparel industry online, Martin was CEO of Pattico Ltd, USA, a well-known global sourcing and brand licensing organisation. In this new capacity, he will leverage his experience of leading companies such as Stage II Apparel, Warnaco, Chams de Baron and Robert Bruce Knitwear in order to establish ThreadeXchange as a global leader.

Serving as president and COO, Adam Patti will lead the company with his father. While Martin has the in-depth apparel knowledge, Adam has an extensive track record of success in technology business -- ranging from systems integration to investment banking. Before co-founding ThreadeXchange, Adam was an investment banker at Salomon Smith Barney and also founded successful companies in e-commerce strategy and business process design, systems integration, and direct marketing.

"We are proud of the strength and diverse backgrounds of our team. We not only have vast experience in the apparel industry but in the technology arena as well, which will serve as a tremendous asset for building a strong foundation for ThreadeXchange," says Martin Patti. "This team will establish ThreadeXchange as the global sourcing solution for the apparel industry."

Sallye Creamer, executive vice president of global sourcing, has strong long-term relationships with international factory groups and is one of the most experienced global sourcing executives in the world. A 30-year veteran of the apparel industry, Sallye will lead a team that reviews output capacity and product quality throughout ThreadeXchange's 48-country network of partner factories. Sallye recently held a similar position for a major global importer which twice was named Vendor of the Year by one of the largest retailers in the world.

Chet Akiri, VP of Business Development, will develop strategic partnerships and alliances for ThreadeXchange in areas that include technology, logistics, financial services, content, and excess inventory. Prior to joining ThreadeXchange, Chet was VP of Business Development at a high-profile B2B/B2C e-commerce company where he formed partnerships and strategic alliances with companies such as AOL, Yahoo, Microsoft, Excite@Home and British Telecom. Formerly of Goldman Sachs and Corporate Decisions, Chet will also offer strategic counseling to ThreadeXchange.

Joseph Connelly currently serves as Managing Director of Apparel Operations for ThreadeXchange and will oversee sales and customer support as well as assist in product design and development. Joseph has held several high-level positions within the apparel industry, including President of Sales, Marketing, Merchandising and Design for Joe.c: Great Stuff Productions and EVP of Sales, Marketing and Merchandising for both Wear First and Rhinoceros Sportswear.

About ThreadeXchange
Founded in May 2000, ThreadeXchange provides the apparel industry with a secure online network for conducting commerce, centralizing content and building community. Headquartered in New York, NY, the company has received initial funding from Redleaf Group and Garage.com. For further information, please contact ThreadeXchange at (212) 302-1001 or visit www.threadexchange.com.