TMWD (index #2) significant news:
Tuesday December 14, 1:02 pm Eastern Time
Company Press Release
Toyo Information Systems, Hewlett-Packard Japan and Tokyo Matsushita Computer Choose Tumbleweed
Partnering With These New Customers Will Help Establish IME as a Japanese Standard
TOKYO--(BUSINESS WIRE)--Dec. 14, 1999--Tumbleweed Communications KK, a subsidiary of Tumbleweed Communications Corp. (Nasdaq:TMWD - news), a leading provider of secure Internet communications services, today announced that Toyo Information Systems Co., Ltd., Hewlett Packard Japan Co., Ltd., and Tokyo Matsushita Computer Corp. have become their partners to promote Tumbleweed Integrated Messaging Exchange(TM) (IME(TM)) to the Japanese market.
Tumbleweed IME is a set of products and services that leverage the Internet and existing e-mail networks to create a secure communications channel for e-business. Tumbleweed customers have chosen the IME platform because its infrastructure provides a valuable online communications channel with advanced security features, tracking and auditing capabilities.
Toyo Information Systems plans to offer IME as part of its systems integration services and has also announced that it intends to outsource IME services to its customers. The company intends to offer a service called ``Web Postman,' targeted first to financial corporations and also to manufacturing and retail.
HP Japan and Tokyo Matsushita Computer will become resellers, selling IME through their strong Japanese sales channels. This business alliance will help IME become the de-facto standard for electronic document delivery in Japan. HP is currently promoting its E-services business worldwide and sees IME as a solution for billing and delivery. HP will pursue channel sales using their strong business network, and Tumbleweed will provide technical support to their customers.
Tokyo Matsushita Computer Corp. will use the strong name brand of the Matsushita Group to promote IME. Tokyo Matsushita first plans to sell IME through the sales organization of the Matsushita Group and is evaluating other new market opportunities.
Tumbleweed will provide all three companies market analysis and industry trend data relevant to prospective customers who plan to enter the electronic commerce market. In addition, Tumbleweed will continue developing applications targeted to strategic vertical industries.
About Tumbleweed Communications Corp.
Tumbleweed Communications Corp. is a leading provider of online communication solutions for e-businesses worldwide. Tumbleweed Integrated Messaging Exchange (IME) is a comprehensive set of products and services that enables businesses to combine the power of e-mail and the web to establish a secure online channel for communicating with their customers and partners. Tumbleweed delivers a complete infrastructure for business communications, including a platform that leverages existing systems, applications optimized for specific markets and common business processes, and an extensive development toolkit for building custom solutions. Tumbleweed IME is the foundation for online communications services offered by customers like American Express, Chase Manhattan Bank, Datek Online, the European Union's Joint Research Council, United Parcel Service, Pitney Bowes, and the United States Postal Service.
Tumbleweed is a registered trademark and Integrated Messaging Exchange and IME are trademarks of Tumbleweed Communications Corp.
``Except for the historical information contained herein, the matters discussed in this press release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. In some cases, forward-looking statements can be identified by terminology such as 'may,' 'will,' 'should,' 'potential,' 'continue,' 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'estimates,' and similar expressions. For further cautions about the risks of investing in Tumbleweed, we refer you to the documents Tumbleweed files from time to time with the Securities and Exchange Commission, particularly the Tumbleweed prospectus dated August 5, 1999, Form 10-Q filed November 15, 1999, and Form S-4 filed December 10, 1999. Tumbleweed assumes no obligation to update information contained in this press release.' |
