News Alert from BusinessWire via Quote.com
Topic: (NASDAQ:APNT)
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Quote.com News Item #13708849
Headline: AppNet Expands Services Capability for B2B eMarketplaces
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BETHESDA, Md.--(BUSINESS WIRE)--April 20, 2000--
Agreement with eCredit.com Provides
Real-Time Credit and Financing Services
AppNet, Inc. (NASDAQ:APNT), a premier provider of end-to-end
e-business solutions, today announced a strategic alliance with
eCredit.com, a leader in real-time credit, financing, and related
services for e-business.
This co-marketing agreement will expand AppNet's eMarketplace
offering to allow buyers and sellers access to real-time online
financing. Corporate users of eMarketplaces will benefit from faster
credit and financing decisions, and higher approval rates, translating
into increased sales, improved operating efficiency, and dramatically
enhanced risk management.
With the eCredit.com Global Financing Network(TM), AppNet can more
intelligently connect businesses to financing partners and global
information sources so that credit and financing decisions can be
processed in real time at the point-of-sale. In addition, all
participants in the credit and financing process can be brought
together in a virtual network that facilitates fast, secure
e-business.
"In rounding out our eMarketplace offering, this is the next step
following our global alliance announcement with Commerce One, to bring
additional value to our customers," said Scott Fischer, senior vice
president, global alliances for AppNet. "Through our partnership with
eCredit.com, we can expand our eMarketplace solution and help our
customers leverage credit and financing to their competitive
advantage, improving profitability and increasing their
speed-to-market."
eMarketplaces are Internet-based trading hubs that enable many
corporate buyers to buy and sell with corporate sellers. AppNet and
UCCnet, a subsidiary of the Uniform Code Council, Inc. (UCC), which
administers the Universal Product Code, have already announced the
construction of an eMarketplace to enable all item information to be
synchronized and updated in real time between manufacturers and
retailers worldwide over the Internet. AppNet is currently
implementing a total of eight eMarketplaces, across diverse
industries.
"AppNet provides companies a valuable combination of e-business
strategy and systems integration, making it an attractive alliance
partner for eCredit.com," said Peter McKay, president at eCredit.com.
" Working with AppNet affords us a new opportunity to continue to grow
the market for online credit and financing and deliver the business
benefits of the Global Financing Network to new users."
About eCredit.com
eCredit.com is a leading provider of credit, financing and
receivables management solutions for business-to-business and
business-to-consumer commerce. Its software solutions and services run
on the eCredit.com Global Financing Network, an Internet-based
platform that connects businesses to financing partners and global
information sources in real time at the point-of-sale. eCredit.com is
headquartered in Dedham, Mass. For additional information, visit
eCredit.com on the Web at www.ecredit.com.
About AppNet
AppNet (NASDAQ:APNT) is a premier provider to 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
UCCnet, Baxter Healthcare, Dial, Ford, Sprint, Hyundai, bet.com,
UNICEF, KB Toys, NEC, and Unilever.
The eCredit.com Global Financing Network is a trademark of
eCredit.com
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
eCredit.com
Roopa Bhide, 781/752-1275
roopa@ecredit.com
KEYWORD: MARYLAND MASSACHUSETTS
INDUSTRY KEYWORD: INTERNET E-COMMERCE BANKING SOFTWARE HARDWARE
MARKETING AGREEMENTS
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