SSXX, anyone folllowing this story? Great news today.
Thursday September 7, 7:57 am Eastern Time
Press Release
SmartSources.com Signs Up Sony Electronics to Use Its Origin Pro Software
VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 7, 2000-- SmartSources.com Inc. (OTCBB:SSXX - news; Frankfurt:SMQ), an Internet technology & services company, announced today that it has signed a contract with Sony Electronics Inc. (SEL) for the licensing of ORIGIN(TM) Pro, SmartSources.com's proprietary NAFTA (North America Free Trade Agreement) compliance software. SEL will utilize ORIGIN(TM) Pro for its North American import-export operations. ORIGIN(TM) Pro is a cutting edge expert system to conduct NAFTA determinations of origin, generate detailed audit trails, and issue valid certificates of origin. The most evident benefits of using this software are in the areas of time saving, extended analysis capabilities for non-compliance components identification, and transparent readiness for customs audits.
As part of this agreement, SmartSources.com and Sony Electronics have formed an alliance in which Sony will recommend the ORIGIN(TM) Pro software system to its suppliers throughout the NAFTA region. Using ORIGIN(TM), SEL's suppliers will also be able to improve their compliance methods and response time. SmartSources.com will also make available its NAFTA consulting support, that includes NAFTA Certification of Origin issues, consultations on Rules of Origin determination, and comprehensive compliance evaluation.
``We are proud to include Sony Electronics among our list of valued clients,'' stated SmartSources.com Chairman and CEO Nathan Nifco. ``And we look forward to working closely with Sony to help them enhance their operations with respect to NAFTA compliance and supply chain management.''
The International Trade Division of SmartSources.com is a leading provider of a full-range of NAFTA compliance software applications and trade consulting services to companies throughout the United States, Canada, and Mexico. The Division enjoys worldwide recognition and market leadership in the international trade sector through the development of innovative solutions, which provide unprecedented automation of the North American Free Trade Agreement.
ORIGIN(TM) Professional software is an industrial grade solution available to optimize and expedite the processing of origin determinations and production of Certificates of Origin. In addition, powerful Batch Capabilities and Batch Processing features provide unprecedented automation of the NAFTA compliance process. With this dynamic powerful application, clients can integrate and process the vast amounts of data necessary to maintain an accurate and updated NAFTA compliance. Additional information on ORIGIN(TM) software can be obtained by visiting the SmartSources.com's International Trade Division Website at www.cluborigin.com.
About SmartSources.com:
SmartSources.com is an Internet technology & services company providing a suite of NAFTA software solutions, as well as web-based solutions for communication & content management through Enterprise Information Portals (EIPs). The International Trade Division of SmartSources.com is a leading provider of a full-range of NAFTA compliance software applications and trade consulting services to companies throughout the United States, Canada, and Mexico. The company's proprietary kServer(TM) technology allows for the creation of multi-site, multi-user, flexible web applications in a browser-based environment. The knowledge base structure stores content in a robust environment, making it ideal for search algorithms. A suite of built-in services for database access, e-commerce, knowledge management and content syndication easily facilitates the construction of complicated web applications such as EIPs. Additional information can be obtained by visiting the Company's Website at www.SmartSources.com and the International Trade Division Website at www.cluborigin.com.
For more information on SmartSources.com Inc., please call toll-free 1-888-689-9891.
Safe Harbour Statement: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the ``Act''). In particular, when used in the preceding discussion, the words ``plan'', ``confident that'', ``believe'', ``expect'', ``intend to'' and similar conditional expression are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbour created by the Act. Such statements are subject to certain risks and uncertainties, and actual results could differ materially from those expressed in any forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the commercialization of the kServer technology, the ability to successfully complete additional financings, and other risks.
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Contact:
SmartSources.com, Inc., Vancouver
Anna Stylianides, 604/904-8359
Fax: 604/986-0869
Email: annas@smartsources.com
or
Sony Electronics, Inc.
John Dolak, 858/942-2905
Fax: 858/942-9143
Email: John.Dolak@am.sony.com
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