Thursday February 10, 8:01 am Eastern Time
Company Press Release
E-Sync Networks Announces Application for Nasdaq Listing
TRUMBULL, Conn.--(BUSINESS WIRE)--Feb. 10, 2000--E-Sync Networks, Inc. (OTC BB: ESNI - news; www.e-syncnet.com), a leading global provider of managed e-business-to-business applications and services, today announced its application for listing on the Nasdaq National Market.
The decision is intended to provide the company with greater investment exposure in the global marketplace.
``Among the many benefits of a Nasdaq listing will be an increase in the quantity of institutions and investors holding our shares. Additionally, this move will raise our company's profile within the investment and technology communities. As we continue to execute our business plan, we will maintain our focus on increasing shareholder value across the entire spectrum of E-Sync Networks' operating and financial activities,' says Frank Connolly, CFO of E-Sync Networks.
Recently, E-Sync Networks announced that it will commence beta testing of TotalChain, its new end-to-end web supply chain solution, this month. Commercial availability of TotalChain is expected during the second quarter of this year.
``TotalChain will enable our corporate customers to collaborate over the Internet with their manufacturers, distributors, and suppliers by facilitating the secure exchange of information among disparate systems,' says Jonathan Rubin, CEO of E-Sync Networks. ``This milestone, coupled with our application for a Nasdaq listing, confirms that we are aggressively moving forward with our plans to deliver the market's most robust business-to-business web supply chain solution.'
About E-Sync Networks, Inc.
Headquartered in Trumbull, Conn. with offices in New York and the U.K., E-Sync Networks, Inc. (OTC BB:ESNI - news) is a Managed E-business Service Provider (MESP) that offers leading web-based e-business applications, web supply-chain expertise, IT support and high-performance hosting capabilities to link business partners on the Internet. E-Sync Networks has an extensive corporate client base, including Briggs & Stratton, Ford(TM), Instinet, IVANS, Johnson & Johnson, Pepsi(TM), Ralston Purina, Traveler's Insurance, and USABancShares.com. The company's largest shareholder is New York-based venture fund Commercial Electronics Capital Partnership, LP (CECAP). CECAP (www.cellc.com) is an exclusive partner of TRW, Inc. (NYSE: TRW - news) established solely to create independent businesses founded on TRW technologies in markets outside of TRW's strategic interests. More information can be found on the Internet at www.e-syncnet.com.
Certain of the above statements contained in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act:). Actual results, events, and circumstances (including future performance, results, and trends) could differ materially from those set forth in such statements due to various factors, risks, and uncertainties, including, but not limited to, risks associated with the Company's future growth and operating results, the uncertainty of market acceptance of the Company's products, technological change, competitive factors, and general economic conditions. Except as otherwise required to be disclosed in periodic reports required to be filed by companies registered under the Exchange Act by rules of the Securities and Exchange Commission, the Company has no duty and undertakes no obligation to update such statements.
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Contact:
E-Sync Networks
Frank Connolly, 203/601-3175
fconnolly@e-syncnet.com
OR
Environics Communications,
Wendy Hodgson, 203/325-8772, XT 27
whodgson@environics-usa.com
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Related News Categories: computers, internet, publishing, telecom
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