Global Credit Services LLC to Provide Eastman with Credit Services in North America, Europe, Asia, and Latin America

Global Credit Services will provide Eastman Chemical with credit services in North America, Europe, Asia, and Latin America under a multi-year contract the two companies signed recently. Under the terms of the contract, Global will provide credit analytics and customized decision-making software for Eastman's business customers. Global will also provide support for Eastman's credit professionals. The technology supporting the services consists of a sophisticated suite of credit scoring applications all running on Global's hosted platform.

"Global will help us evaluate and monitor the financial health of our customers which has become increasingly important in today's marketplace," said Pam Kelley, director of global credit at Eastman. "With Global Credit Services, we benefit from a disciplined, uniform tool providing consistent and timely assessment to facilitate improved credit decisions and efficiency gains on a worldwide basis."

"Global is excited to be part of Eastman's risk management strategy," said Arthur Stein, CEO of Global. "Global's commitment to operational excellence and continuous improvement, combined with its cost competitiveness and ability to scale its operations, will be instrumental to Eastman's business over the coming years. We look forward to delivering this value to Eastman's operations."

Eastman is a Fortune 500 company that manufactures chemicals, fibers, and plastics. A global company headquartered in Kingsport, TN, Eastman had 2009 sales of $5 billion. For more information, visit www.eastman.com.