Brown & Williamson Goes Live With Manugistics - Vastera Solution; Tobacco Firm Optimizes Transportation and Global Trade Management
ROCKVILLE, Md. & DULLES, Va.--(BUSINESS WIRE)--March 7, 2001-- Manugistics Group, Inc. (Nasdaq:MANU), the leading global provider of Enterprise Profit Optimization(TM) (EPO) solutions - the powerful combination of supply chain management and pricing and revenue optimization solutions - for enterprises and marketplaces, and Vastera (Nasdaq:VAST), the leading provider of solutions for Global Trade Management, announced today that Brown & Williamson Tobacco Corporation has gone live with Manugistics NetWORKS(TM) and Vastera's TradeSphere(TM) solutions.
Brown & Williamson is the third largest tobacco company in the United States. Its brands - including Lucky Strike, KOOL and Pall Mall
- are some of the most recognized in the world.
Brown & Williamson's distribution network consists of a number of global destinations with numerous carriers, forwarders, brokers and customs agencies. The effort required to coordinate both national and international shipments is immense, and the potential savings associated with optimizing them is equally impressive.
Brown & Williamson selected Manugistics NetWORKS and Vastera's TradeSphere global trade management solutions to optimize its movement of goods around the world. By selecting optimal transportation routes and carriers based upon costs, lead times and service levels, and generating the required country specific shipping documents, performing regulatory compliance checks, and electronically filing information with customs agencies, the joint Manugistics - Vastera solution is allowing Brown & Williamson to reduce costs associated with international shipments.
"We ship product to a number of international destinations," said Ron Dawson, Director, Strategic Supply Chain Programs & Systems for Brown & Williamson. "Our ability to quickly and effectively move goods to their ultimate destination is critical to our success. We believe the Manugistics - Vastera solution will help us reduce our global logistics costs significantly."
"Our success with Manugistics at Brown & Williamson reinforces our commitment to client value," said Arjun Rishi, CEO of Vastera. "By leveraging Manugistics supply chain solutions and our global trade management solutions we believe companies can truly optimize and execute on a global basis."
"Manugistics NetWORKS solutions are a preferred choice of market leaders that seek to lower transportation costs and improve customer service through improved transportation planning, increased shipment visibility, and better, more proactive resolution of transportation issues," said Rich Bergmann, Manugistics president. "Vastera's extensive global trade content, applications, and domain expertise strategically complement our intelligent optimization engines to enable our joint clients like Brown & Williamson to increase the velocity of their global supply chains and reduce costs by more effectively managing transactions that cross international borders."
About Brown & Williamson
Brown & Williamson Tobacco Corporation is the nation's third-largest tobacco manufacturer. Based in Louisville, Ky., the company's major brands include KOOL, Lucky Strike, Pall Mall, GPC, Carlton, Capri, Misty and Viceroy.
About Manugistics, Inc.
Manugistics is the leading global provider of Enterprise Profit Optimization (EPO) solutions - the first solutions to simultaneously optimize a company's supply- and demand-side functions. Manugistics EPO and Marketplace solutions help companies lower operating costs, enhance profitability and accelerate growth. The company's list of clients includes industry leaders such as 3Com, Amazon.com, Boeing, BP, Brown & Williamson, Caterpillar, Cisco Systems, Coca-Cola Bottling, Compaq, DuPont, eConnections, Ford, General Electric, Harley-Davidson, Hormel, Levi Strauss & Co., Marriott, Nestle, Texas Instruments, Timberland, Unilever, and United Airlines. For more information, go to www.manugistics.com.
About Vastera
Vastera's global trade management solutions are designed to automate and streamline the trade functions of global e-business. Vastera's global trade management solutions include modular, web-native applications, trade management consulting and managed services. The foundation of these solutions is Global eContent, a comprehensive, rules-based application of country-specific trade and regulatory data, which is maintained and updated daily. Vastera clients include: Ford, Alcatel, Dell, Microsoft, Sun, New Zealand Dairy Board, Lucent Technologies and Nortel Networks. For more information, please visit www.vastera.com.
This press release includes statements, which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not strictly historical are "forward looking" statements which are subject to the many risks and uncertainties that exist in Vastera's operations and business environment. These risks and uncertainties may cause actual results to differ materially from the expected results and include, but are not limited to, Vastera's limited operating history, history of losses and anticipation of continued losses, potential volatility of quarterly operating results, the ability to successfully implement Vastera's expansion plans, risks related to the Internet, risks related to legal uncertainty and other risks which are set forth in more detail in Vastera's Registration Statement on Form S-1, as amended, as well as other reports and documents filed from time to time with the Securities and Exchange Commission.
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, competition, risks related to quarterly performance, risks of system interruption, management of potential growth, and risks of new business areas, international expansion, business combinations, and strategic alliances. More information about factors that potentially could affect Manugistics financial results is included in Manugistics filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended February 29, 2000 and Quarterly Report on Form 10-Q for the quarter ended November 30, 2000.
Manugistics is a registered trademark, and the Manugistics logo, the phrase "Leveraged Intelligence," Enterprise Profit Optimization and NetWORKS are trademarks of Manugistics, Inc. All other product or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.
CONTACT:
Vastera
Alison Burns, 571/633-1914
ahburns@sheahedges.com
or
Manugistics
Joel Weinshank, 301/984-5330
jweinsha@manu.com
KEYWORD: MARYLAND VIRGINIA
BW2309 MAR 07,2001
7:05 PACIFIC
10:05 EASTERN |
