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Tungsten Corporation plc Strengthens Management Team With Three Key Appointments

LONDON, February 13, 2014 /PRNewswire/ --

Heavy-weight talent extends the group's marketing and operational leadership

Tungsten Corporation plc (LSE: TUNG), the company that accelerates global trade by combining the OB10 e-Invoicing network with spend analytics and supply chain financing, has made three senior-level additions to its executive team.

Lincoln Jopp has joined Tungsten as Chief Operating Officer, while David Newberry and John Hall have joined as Chief Marketing Officer and Head of Major Accounts EMEA respectively. These appointments support the organisation's ambition to become the number-one global trading platform.

As COO, Lincoln Jopp is responsible for ensuring the stability and security of the OB10 e-Invoicing network, and integrating it with Tungsten's supply chain finance and analytics operations. A former career soldier, Lincoln has a wealth of experience in running international operations across the globe and led the 1st Battalion Scots Guards in Afghanistan. After command he became Assistant Head of the UK Ministry of Defence's Strategy Unit. Lincoln joins Tungsten from Truell International Permit Systems where he was CEO. He is also a Non-Executive Director of Impellam plc.

David Newberry comes to Tungsten from Pitney Bowes, where he was Chief Marketing Officer for its $800million software division. His resume includes 20 years at British American Tobacco in various business development roles; co-founder of a marketing procurement software firm; and CMO leadership positions in the B2B technology space.

John Hall has extensive industry experience in rolling out shared services and outsourcing programmes for organisations such as DHL, DSM and American Standard. He brings with him skills in change management and leadership, and is responsible for managing and expanding the team of strategic account relationship owners who help customers achieve their long-term e-Invoicing goals.

"It's essential that we have the best talent to evolve our business and build strong relationships with customers," says Edmund Truell, Group CEO at Tungsten Corporation. "I'm delighted to welcome Lincoln, David and John to the team, and I look forward to working with them closely as we grow Tungsten Corporation and deliver our vision."

About Tungsten Corporation plc

Tungsten Corporation plc (LSE: TUNG) accelerates global trade by enabling customers to streamline invoice processing, improve cash-flow management and make better buying decisions from their detailed spend data.

Buyer organisations that join Tungsten's secure OB10 e-Invoicing network can reduce their invoice-processing costs by 60% while suppliers, through greater visibility of their invoice status, also gain efficiencies and peace of mind. Tungsten Corporation offers supply chain financing to suppliers and will help buying organisations profit by applying innovative spend analytics to its vast repository of invoice data.

Working with 53% of the Fortune 500, Tungsten connects some of the world's largest companies and government agencies to their thousands of suppliers around the globe. It is compliant in 43 countries, and processes transactions worth over $180 billion per year for organisations such as Aviva, Cargill, Deutsche Lufthansa, General Motors, GlaxoSmithKline, IBM, Kellogg's, US Federal Government, Tesco and Whirlpool.

Contact: Sandra Higgison, Head of Global Communications, +44(0)20-7406-5772, [email protected].

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