Montreal, The board of directors of Newtrade Technologies Inc, the travel commerce machinery company, announced today that it has elected Philip C. Wolf, president and CEO of PhoCusWright Inc., as a member.

"We are excited that Philip has agreed to join our board of directors," stated Benoit Jolin, president and CEO of Newtrade. "He brings a wealth of experience and a profound understanding of the complexity unique to the travel, tourism and hospitality industries. Philip's extensive knowledge, combined with our strong management team, provides a formula for success as Newtrade establishes itself throughout the North American market and capitalizes on the growth of the industry."

"Newtrade is funded by venture capitalists Investissement Desjardins and Innovatech Montreal and has a strong management team. I look forward to working with them and helping the company become one of North America's key players in the travel, tourism and hospitality industries," said Mr. Wolf.

Mr. Wolf has been leading small and emerging businesses through strategic change and turnarounds his whole career and has been an ardent proponent of online interactive travel, tourism and hospitality services.

He is founder, president and CEO of PhoCusWright Inc., an intelligence company specializing in next generation trends and insight for the travel industry.

As an adjunct professor since 1995 at NYU's Graduate Center for Hospitality, Tourism and Travel Administration, Mr. Wolf teaches a course he designed: Technology for Marketing Travel.

Mr. Wolf currently serves on the board of Internet travel company Logibro Inc. as well as Cruise411.com Inc.

About Newtrade Technologies Inc.

Newtrade Technologies Inc. builds and markets advanced systems that streamline travel, tourism and hospitality commerce. Newtrade's passion for tackling the "dirty work" of disparate systems integration (PMS, CRS, GDS, Web, wireless) enables industry players to profit from an array of online channel management solutions, unprecedented control over their supply and distribution network, and efficient seamless connectivity. Founded in 1997, Newtrade is a privately held company.

Stephanie Jarrold
+1 514 286-8180 x245
Newtrade Technologies Inc.