Monday August 17, 3:01 pm Eastern Time
Company Press Release
The Internet Stock Review Adds Dynamic Web
Enterprises to Its Watch List
LOS ANGELES--(BUSINESS WIRE)--Aug. 17, 1998--The Internet Stock Review
Monday announced that it has added DynamicWeb Enterprises (OTC
BB:DWEB) to its Watch List.
Since the Watch List was released in January of 1998, the top- five performing companies have increased an
average of 233 percent and the top ten an average of 161 percent, with the list as a whole increasing 61
percent.
Shortly after adding DynamicWeb to the Watch List, the company released a significant item of note which was
the signing of a contract with Rite Aid (NYSE:RAD - news), the nation's largest drug store chain with 4,000
stores for their flagship Internet-based ''EDIxchangeBuy'' program.
''The EDIxchangeBuy enables small suppliers of goods or services to conduct business with large multi-billion
dollar corporations over the Internet by replacing the costlier and more time-consuming method previously used
by small suppliers, which was the faxing and manual entering of purchase orders and invoices,'' stated Roland
Perry, editor.
''With the advent of EDIxchange Buy, small suppliers can now conduct business from their office via their
computer with a standard Web browser and a connection to the Rite Aid Web site that was developed by
DynamicWeb.
''Not only does it save the small supplier money, it increases their stature from a competitive standpoint, in as
much as large corporations greatly prefer to conduct business with those who can do so electronically.''
Millions of small companies have previously been shut out of electronically doing business using the most
popular method, which is ''EDI.'' While an estimated $250 billion worth of products were exchanged via EDI
last year, the start-up costs were prohibitive to small business.
''The EDIxchange program effectively changes all that. It is an exciting, if not revolutionary, change in the way
business is going to be done in the future, brought on by the existence of the Internet,'' said Perry.
He added, ''It also offers a tremendous benefit to large corporations who may be dealing with 50,000-60,000
products from 3,000-4,000 suppliers each month.
''It doesn't take a lot of imagination to see the benefits that can accrue to large purchasers of goods and
services who can put out a price quotation to a few thousand suppliers and get back prices over the Internet
which can be filtered into a database versus getting back a few thousand faxes.''
While this sector of the Internet lacks the visibility of online shopping for books, flowers or airline tickets,
business-to-business commerce over the Internet will account for 78 percent of the dollar value of cyber
transactions this year or $17 billion according to Forrester Research, and is expected to top $327 billion by
year 2002.
Equally important to note is a recent Dataquest report, which forecasted that Internet-based EDI software and
services could grow from $40 million in 1998 to $1.3 billion in 2002.
DynamicWeb is a small but growing company that just reported sales of $411,000 for the third quarter ended
June 30 and a market capitalization of less than $15 million. In addition to its EDIxchange Buy & Sell Internet
software, it also has a fast-growing turnkey service which is designed to rapidly get the small supplier into the
Internet EDI program with a minimal amount of up-front capital and/or human resources.
In its short history, it has managed to land an impressive roster of clients including Linens N Things, (NYSE:LIN
- news) Southern New England Telecommunications (NYSE:SNG - news) and most recently Rite Aid. It
additionally announced a partnership agreement with Sterling Commerce (NYSE:SE - news) and hosts its
Web sites through Exodus (Nasdaq:EXDS - news).
As a reminder, the Internet Stock Review does not recommend the securities of the companies it follows and
reports on, nor does it publish, buy or sell recommendations. Internet Stock Review suggests investors call the
company for a more detailed investor package and/or visit the company's Web site.
William Taylor
Manager of Public Relations
DynamicWeb Enterprises
973/276-3106, Fax 973/575-9830
e-mail: wtaylor@dynamicweb.com
271 Route 46 West, Bldg. F, Ste. 209
Fairfield, N.J. 07004
Web Site: dynamicweb.com
News Articles: dynamicweb.com
FAQs: dynamicweb.com
About the Internet Stock Review Online
The Internet Stock Review Online is an Online newsletter designed to give broad coverage to Internet-related
publicly traded companies.
Each issue of the Online newsletter aggregates and reports on New Buys & Sales on Wall Street, coverage
initiated or dropped on Wall Street, Big Movers, Earnings (or lack of) reports, news and/or news releases from
Business Wire or PR Newswire, news from industry press or trade journals, news from traditional media
outlets.
Each issue includes hyperlinks to the news origination source for full coverage. The newsletter additionally
reports on the availability of streaming audio/video profiles, news releases, shareholder conferences and
interviews with senior management of the companies covered.
To subscribe to both Newsletter and the InternetStockReview.com Web site, visit
internetstockreview.com
To subscribe to the Internet Stock Review Online Newsletter only, send a e-mail to:
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Disclaimer:
Please see the Disclaimer in both the welcome letter and on the Web site. Perry & Co., the parent company of
The Internet Stock Review, has been paid a fee to provide coverage for DynamicWeb.
More Quotes
and News:
Exodus Communications Inc (Nasdaq:EXDS - news)
Linens 'N Things Inc (NYSE:LIN - news)
Rite Aid Corp (NYSE:RAD - news)
Southern New England Telecommunications Corp (NYSE:SNG - news)
Sterling Commerce Inc (NYSE:SE - news)
Related News Categories: computers, internet, medical/pharmaceutical, retail, software, telecom
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