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closed 6 13/16
Thursday January 6, 4:49 pm Eastern Time
Company Press Release
SOURCE: Infodata Systems Inc.
Infodata Systems Inc. Announces E-Commerce Initiative Letter of Intent
FAIRFAX, Va., Jan. 6 /PRNewswire/ -- Infodata Systems Inc. (Nasdaq: INFD - news) today announced it has entered into a letter of intent with Redknife, an emerging Silicon Valley e-commerce services company, to develop and implement a comprehensive systems infrastructure for processing and exchanging business transactions over the web. The system will be powered by Infodata's ''E-hub'' XML-based application framework technology. According to Steve Samowich, president and CEO of Infodata, ''this agreement underscores our success in leveraging our expertise in web-based knowledge management solutions into an evolving e-business solutions practice.''
Infodata's e-commerce initiatives, such as Redknife, complement its earlier investment in Buckaroo.com, a privately held B2B e-commerce company that is based in Mt. View, California and is creating efficient markets for products and services. Infodata is a minority seed stage investor in Buckaroo.com along with a number of individuals that are leaders in the Internet industry.
Infodata Systems Inc., headquartered in Fairfax, Virginia, is a leader in facilitating the creation, management and retrieval of corporate knowledge assets and e-business content. Using Infodata's services, Fortune 1000 companies and government agencies are succeeding in improving information access, shortening time to market, improving competitiveness, serving constituents, and collaborating with employees, customers and partners. For more information, contact Infodata at 800-934-5205 or visit the Company's web site at www.infodata.com.
SOURCE: Infodata Systems Inc.
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