LGS Group Inc. Offers Innovative Web Solution to Help
TALPX(TM) Buy and Sell Lumber Products
JUNE 10, 1999
MONTREAL, QUEBEC--LGS Group Inc. (NASDAQ: LGSA) is pleased to
announce that its ecommerce+ business unit is helping its client,
TALPX Inc., design and deploy the world's first Web-based exchange
for the lumber and panel industry. The amount of the contract was
not disclosed. Using a web browser, buyers and sellers who are members of
TALPX(TM) gain access to a secure web site. Members can then
search for supplies, compare prices and products, initiate orders
and make payments all through the click of a mouse button.
"Electronic commerce is reshaping industries and changing the way
organizations compete in a global economy", said Raymond
Lafontaine, President of LGS Group. For his part, Brian Cott,
Vice President and General Manager, ecommerce+ added: "ecommerce+
is truly excited to have played a key role in developing the first
Internet-based exchange for the lumber industry".
"Introducing the Internet to the lumber industry for the purposes
of buying and selling of products, represents a significant
breakthrough. With the solution provided by our partner,
ecommerce+ members can reach new customers and suppliers, reduce
operating expenses, and access real-time product and pricing
information," said Jim Olmedo, President of TALPX Inc.
There are currently 58 companies that are members of TALPX(TM),
trading and selling a wide assortment of lumber and panel
products. Members generate more than $5.5 billion ($U.S.) in
retail sales and represent more than 10 percent of North America's
lumber and panel production.
TALPX(TM) provides a direct electronic link between buyers and
sellers of lumber and panel products, allowing members to take
advantage of reduced procurement costs, increased efficiencies and
secure electronic transactions. ecommerce+ focused on delivering solutions
ecommerce+ has developed a number of core, integrated ecommerce
solutions that can be customized to address specific business and
marketplace needs. Built using reusable frameworks, ecommerce+
solutions are designed to help organizations improve relationships
with customers, reduce transaction costs and take advantage of new
delivery channels. This framework-based approach to solution
delivery will allow clients to launch their ecommerce initiatives
faster and more cost-effectively. About TALPX
TALPX Inc., headquartered in Chicago, with regional offices
throughout North America, is a business-to-business ecommerce
partner to the lumber and panel industry, providing an Internet-
based electronic exchange. About ecommerce+
A business unit of LGS Group Inc., ecommerce+ provides secure
Internet and telephony solutions that help organizations better
manage their interactions with clients, suppliers and partners.
It brings together world-class expertise in security, applied
telephony and Internet. About LGS Group Inc.
LGS Group Inc. (LGSA at NASDAQ, LGS.A at ME) is one of Canada's
largest information technology consulting firms specializing in
management and systems integration. With annual sales exceeding
$200 million, LGS employs more than 2,200 professionals in 20
offices in Canada, the United States and Europe. The company is
active in most areas of the private and public sectors.
This release may contain forward-looking statements that involve
risks and uncertainties which might cause the actual results to
differ materially from those projected. Potential risks and
uncertainties include the ability to procure, properly price,
retain, and successfully complete projects, the availability of
technical personnel, and competition. These risks and
uncertainties are discussed under the heading "Risk Management" in
the Company's Annual Report. |
