**QCS to change name to QCS.net.** Announces strategic partnership w/ IBM and first true business to business e-commerce venture over the Internet targeting a multi-billion $ market. Any comments on this stock. IBM is seemingly the only company w/ the global infrastructure to do this and the QCS/IBM/QRS alliance has first-mover advantage in what promises to be a multi-billion dollar market.
PRESS RELEASE - 10/27
TO BUSINESS AND TECHNOLOGY EDITORS:
QCS.net Corporation Launches Business-To-Business Web
Service to Supplier Market in Asia Pacific
Seminars, sponsored by IBM, show suppliers the competitive advantage of
building trading communities on the Web
MOUNTAIN VIEW, Calif., Oct. 27 /PRNewswire/ -- QCS.net CORPORATION
(OTC Bulletin Board: QCSC), strategic supply chain solutions partner with IBM
Corporation, announced today the launching of its web-based clearing house
service in Asia Pacific. The QCS.net service gives suppliers the competitive
advantage of trading electronically with all their buyers worldwide.
A series of seminars, sponsored by IBM, will show suppliers the value of
building an electronic trading community with all their buyers, allowing them
to conduct business throughout the sales cycle on the Internet. The first
seminar is scheduled for Hong Kong on November 3, 1998, with additional
seminars planned this year for Hong Kong, Singapore and Taiwan.
The QCS.net seminars involve trading organizations from Asia Pacific to
help organize and participate in the educational events. The Hong Kong
seminar on November 3 will feature a keynote speaker from the Hong Kong
Article Numbering Association (HKANA). HKANA actively supports events for
Hong Kong suppliers to increase their understanding and acceptance of enabling
technologies in order to improve their competitive advantage. A second
QCS.net seminar in Hong Kong on November 24, 1998 will be presented in
association with the Hong Kong Trade Development Council (TDC), who is
organizing the event.
QCS.net has developed and implemented an innovative clearing house service
which allows buyers and suppliers to trade electronically on the Web. Buyers
and suppliers have traditionally performed transactions worldwide via
telephone, FAX, letter, and telegraph, business tools which have proven costly
because of lost paperwork, errors, substantial time delays, and the frequent
need to maintain excessive inventory.
QCS.net has to date targeted its service to the retail buyer market as a
productivity tool to reduce costs and shorten the buying process through
electronic trading. Now that suppliers are experiencing increasing demand by
buyers to trade electronically, Marcel van Heesewijk, CEO of QCS.net, sees the
fee-based service as a cost-effective solution for suppliers to proactively
satisfy all their buyers requirements.
"Today more and more buyers are asking suppliers to send and receive
product and shipment data electronically," explains van Heesewijk. "Each
buyer does business differently, requiring suppliers to support different
paper forms, file structures, and EDI formats. As a QCS.net member, suppliers
can use their PC's to send transactions to the QCS.net clearing house. The
clearing house then translates them into the format matching their buyer's
requirements, including EDI, without requiring modifications to their existing
systems. No investments in hardware or software are required, only an
Internet connection."
"By building a trading community, suppliers can connect to 100% of their
buyers worldwide through a single service and proactively satisfy each buyer's
processing requirements without the costs of one-to-one systems integration,"
said John Davison, retail supply chain industry expert from IBM Europe. "As
QCS.net members, both suppliers and buyers gain a competitive advantage by
cutting costs, decreasing time-to-market, and shortening sales and inventory
cycles. Most importantly, it improves communication and builds loyalty among
business partners. It's a win win proposition for all the members of the
trading community."
Added van Heesewijk: "Our web-based clearing house service for the retail
industry is the first major interactive business-to-business activity on the
Internet; to date, other Internet-based commercial operations have primarily
operated on a business-to-consumer basis. The worldwide retail industry today
represents a marketplace responsible for annual sales of several hundred
billion dollars. We are fortunate in having IBM as our marketing, sales, and
field support partner in this venture."
QCS.net Corporation (www.qcs.net) is a provider of electronic
collaboration solutions for the retail industry and its global trading
partners. QCS.net provides an Internet, browser-based workflow tool which
integrates catalogs, electronic trading forms, and Internet EDI forms. IBM
sells, distributes, and provides end-user support for the QCS.net service,
which is positioned as a strategic procurement solution in the IBM Supply
Chain Solutions Portfolio. All customer service, help desks, and training
services are available through regional IBM/QCS.net Solution Centers based in
Cincinnati, Brussels, and Hong Kong.
Statements in this announcement about future results are preliminary and
based on partial information and assumptions, and actual results may differ.
Except for historical information presented, the matters discussed in this
announcement contain forward-looking statements that involve risks and
uncertainties, including the development and growth of markets targeted by
QCS.net Corporation, the acceptance of Electronic Collaborative Solutions by
retailers and vendors, the continuance of IBM as a business partner,
subsequent competition, general economic conditions in the U.S. and abroad,
and other risks detailed from time to time in the company's public disclosure
filings with the U.S. Securities and Exchange Commission (SEC). Copies of the
most recent forms 10K and 10Q of QCS.net Corporation are available upon
request from its corporate office.
SOURCE QCS.net Corporation
/CONTACT: Larry Selwitz, Investor Relations of QCS.net
Corporation,949-645-8410, Fax: 949-645-3589, investor@qcs.net/
/Web site: qcs.net
Symbols:
US;QCSC
Source PRN - PR NewsWire
Categories:
NWR/CA NWI/CPR NWI/MLM NWS/PDT
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