AppNet and BP Amoco Bring Real-Time Online Services to Natural Gas Liquids Business
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BETHESDA, Md.--(BUSINESS WIRE)--May 24, 2000--AppNet, Inc.
(NASDAQ:APNT), a premier provider of end-to-end e-business solutions,
today announced that it has been retained by BP Amoco (NYSE:BPA) to
create a business-to-business (B2B) web application for its Natural
Gas Liquids (NGL) business, a leading participant in the U.S. and
Canadian NGL industry.
The new application, to be launched in the third quarter of this
year, will web-enable business processes and allow real-time
interaction between BP Amoco employees, customers, suppliers, and
partners.
"With our significant presence throughout North America, it is
imperative that we take advantage of Internet technologies to increase
the value of our relationships to our customers and ourselves," said
Boyd Anderson, vice president of BP Amoco's Natural Gas Liquids
Business Unit.
This Internet application will enable customers, business
partners, and suppliers to access live, comprehensive, secure, and
customizable information associated with their business interactions
with BP Amoco's NGL business.
Downloadable reports tailored to individual companies' needs will
provide the latest information on NGL and Sulfur contracts, product
prices and liftings, invoices, truck and railcar movements. In
addition, users will choose to be automatically notified of rail and
truck deliveries and any changes in contract performance or product
prices.
Grant Worner, BP Amoco's NGL eBusiness manager commented, "We
selected AppNet as our e-business partner because of their proven
expertise in helping companies develop and implement e-business
solutions that complement corporate strategies."
AppNet will be working closely with BP Amoco to provide strategy
consulting, interface development, application development, and
e-business infrastructure services.
Jim Fanella, group president for AppNet, said, "We are very
pleased to be working with an industry giant like BP Amoco on this
important initiative. Having developed similar solutions in other
industries, AppNet is a strong believer in the collaborative approach
with our clients to aid in the direction, as well as the execution of
projects."
About BP Amoco
BP Amoco is one of the world's largest petroleum and petrochemical
groups. BP Amoco's main activities are exploration and production of
crude oil and natural gas; refining, marketing, supply and
transportation; and manufacturing and marketing of petrochemicals.
The BP Amoco NGL Business Unit operates as a mid-stream player in
the NGL industry; processing, transporting, fractionating, storing,
trading, and wholesale marketing Natural Gas Liquids and Sulfur.
The business has 575 direct employees managing an extensive fleet
of over 4000 railcars, operational facilities and pipelines throughout
Canada and the United States and marketing over 500 thousand barrels
per day of NGL products in Canada, USA, and Mexico.
For more information about BP Amoco on the Web, visit: www.bp.com.
About AppNet, Inc.
AppNet (NASDAQ:APNT) is a premier provider of end-to-end
e-business solutions, from interactive marketing to back-office
integration. For companies transforming themselves for the new
Internet economy, the firm offers a unique mix of Internet strategy,
marketing, and technology services.
AppNet is the fourth largest interactive marketing agency
according to Ad Age and one of the 50 largest pure Internet companies,
according to Internet World. AppNet works with Fortune 1000 and
dot.com companies. Customers include Sprint, UCCnet, Baxter
Healthcare, Dial, Ford, Hyundai, bet.com, UNICEF, KB Toys, NEC, and
Unilever.
This press release may include "forward-looking statements" for
purposes of the Securities Exchange Act of 1934. All statements
herein, other than those of historical fact, including statements
regarding future contractual arrangements or performance, competitive
strengths, and business strategy, are forward-looking.
Actual results or events may differ materially from those
projected in such forward-looking statements. Information regarding
the factors that could cause such differences is contained in AppNet's
filings with the Securities and Exchange Commission.
CONTACT: AppNet
Alla Iaquinto, Media, 301/581-2489
press@appnet.com
or
Kevin Taback, Investors, 877/551-2323
ir@appnet.com
or
BP Amoco
Brian Dinges, 630/836-4271
KEYWORD: MARYLAND PENNSYLVANIA INTERNATIONAL EUROPE
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE INTERNET
SOFTWARE TELECOMMUNICATIONS E-COMMERCE
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