FYI- sounds good, but the stock is below 6 today 11-14-97 :-(
11-13-97
06:35 PM EST ÿ
DALLAS--(BUSINESS WIRE)--Nov. 13, 1997--PC ServiceSource (NASDAQ:PCSS) announced that the PC industry's first real-time Internet ordering system, PC PARTS NET, processed record-breaking sales of over $725,000 in the month of October, continuing the trend of 10-15% month-to-month growth. PC PARTS NET is an integral piece of PC SERVICE NET, the industry's only real-time Internet network of applications for spare parts order entry and information retrieval, and complete warranty transaction processing and tracking.
Unlike many other online ordering systems that simply send e-mail notification for information retrieval, PC PARTS NET offers the benefit of real-time inventory status, order entry and pricing. The system allows customers to check inventory and pricing, place orders with actual part commitment, run reports (i.e. account status, invoice reprints and shipping history), and receive real-time parts and tracking data from their desktop 24 hours per day.
"We are very pleased with the steady growth of PC PARTS NET since its initial launch last fall," commented Paul Klotz, Vice President of Marketing for PC ServiceSource. "PC PARTS NET has been extremely well-received and the customer demand for the application is the most meaningful endorsement of the value and functionality of the system. The true measure of success of an online order-entry system is the revenue that it generates. Everything else is just smoke and mirrors."
PC PARTS NET continues to be a vital element in the PC ServiceSource total service logistics solutions. The value generated by the process efficiencies gained through the use of this powerful technology is passed along to customers in the form of a 2% discount on all Internet orders. International customers, in particular, are taking advantage of this service with international orders accounting for 25.3% of the revenue gained from all Internet orders since PC PARTS NET was implemented in August 1996.
The system's features are easily accessed through navigation buttons on the screen: -- Search and Order: Customers can search for parts, check inventory, and place and order or save the information in "quote" form for later access. -- Quotes: Provides quote retrieval for incomplete orders saved in an earlier session. -- Reports: Allows the user to generate a number of reports about their account, purchasing and shipping history. -- Order Status: Provides the status of an existing order, and even furnishes links to the appropriate carrier, so the customer can track the shipment. -- Account Status: Provides information on open and past invoices and allows the customer to print out copies of invoices. -- Help: Online help provides tips on using PC PARTS NET. -- Policies: Provides information on the terms and conditions of doing business with PC ServiceSource.
Mr. Klotz continued, "As impressive as the system is today, we are continually improving it through a customer-driven development process. We have scheduled implementation of a new technology platform for first quarter 1998 that will vault this application to the next level of excellence. We will be implementing a new technology platform in the near future that will further enhance the performance of the industry's most superior online order-entry system."
PC ServiceSource (NASDAQ:PCSS) supports a customer base of over 20,000 service providers, providing services for more than 30 major computer manufacturers, and is widely recognized as the largest supplier of service logistics to the PC industry. Cyclix Engineering, the Company's remanufacturing subsidiary, offers a range of services which strategically complements the distribution-oriented services logistics offerings of PC ServiceSource. General and financial data is located on the Internet at pcservice.com .
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