GTE Supply Selects DynamicWeb's Internet-to-EDI Solution to Expand Electronic Commerce Program
Supply Chain Management Division of Leading Telecommunications Company to Use DynamicWeb Technology
FAIRFIELD, N.J.--(BUSINESS WIRE)--Jan. 14, 1999-- DynamicWeb™ Enterprises Inc. (OTC:DWEB - news), a developer of Internet electronic commerce and Electronic Data Interchange (EDI) business solutions, today announced that GTE Supply (NYSE:GTE - news) will deploy DynamicWeb EDIxchangeBuy Internet Service.
GTE Supply will offer EDIxchangeBuy to more than 2,000 suppliers who are not yet EDI-enabled as part of an effort to further automate transactions within their supply chain. Specific terms of the agreement with GTE Supply were not disclosed.
EDIxchangeBuy deploys a secure, customized Web site for GTE Supply vendors who subscribe to the service. Through this site, suppliers will enjoy the advantages of electronic commerce with GTE Supply at a fraction of the cost associated with a traditional EDI System.
The EDIxchangeBuy service translates all documents sent to and from the Web site into GTE Supply's standard EDI format, requiring no changes to GTE Supply's legacy system or internal processes. GTE Supply vendors only need a desktop computer with Internet access to begin electronically trading. DynamicWeb will continue to leverage its
strategic alliance with Rocky Mountain Internet (NASDAQ:RMII - news) to provide Internet access to EDIxchangeBuy subscribers.
EDIxchangeBuy is part of DynamicWeb's EDIxchange Enterprise Suite which consists of two Internet-based electronic commerce solutions -- EDIxchangeBuy and EDIxchangeSell -- both of which leverage the global reach of the Web to extend an electronic commerce enterprise to suppliers and customers who are not EDI capable.
''GTE Supply selected DynamicWeb's EDIxchangeBuy for the seamless way it integrates with our EDI infrastructure and how it would ease electronic commerce participation for our suppliers,'' said Bob Peterson, manager of Electronic Commerce for GTE Supply.
''We are delighted that GTE Supply has selected DynamicWeb to help them expand their electronic commerce initiative,'' said James D. Conners, president and COO of DynamicWeb. ''We're confident that EDIxchangeBuy will allow GTE's mid-sized suppliers to enjoy the benefits of electronic commerce without incurring the cost and complexity of EDI.''
About GTE Supply
GTE Supply, a division of GTE Corp., is one of the nation's largest distributors of telecommunications products and data-networking systems. It also serves as the purchasing and distribution arm for GTE, as well as other local telephone companies, original equipment manufacturers and value-added resellers.
About DynamicWeb Enterprises
Located in Fairfield, NJ, DynamicWeb Enterprises, Inc. is a leading provider of Internet services and software for enabling business-to-business electronic commerce. DynamicWeb's EDIxchangeBuy provides an Internet-based electronic commerce solution for Fortune 1000 companies that expands EDI participation and compliance with their suppliers.
In addition to GTE Supply, DynamicWeb's EDIxchangeBuy is used by a growing list of blue chip companies including Southern New England Telephone (NYSE:SBC - news), Rite Aid Corporation (NYSE:RAD - news), Service Merchandise (NYSE:SME - news) and Linens 'N Things (NYSE:LIN - news). DynamicWeb also provides EDIxchange, a complete turnkey EDI outsourcing service.
EDIxchange customers include Russ Berrie (NYSE:RUS - news) and Church & Dwight Co., Inc. (NYSE:CHD - news). EDIxchangeSupport, the Company's EC consulting service, customers include Nabisco Holdings Corporation
(NYSE: NA - news) and Toys R Us, Inc. (NYSE: TOY - news).
For additional information about DynamicWeb and its products or services visit the DynamicWeb home page at www.dynamicweb.com, send an e-mail to sales@dynamicweb.com or call 1-800-4-EDI-HELP.
This press release contains forward-looking statements. All such statements involve risks and uncertainties, including, without limitation, the risks detailed in DynamicWeb's filings and reports with the Securities and Exchange Commission.
Such statements are only predictions and actual events or results may differ materially.
This release is available on the KCSA Worldwide website at www.kcsa.com.
Contact:
DYNAMICWEB ENTERPRISES, INC.
Steve Vanechanos Jr., CEO
(973) 244-1000
or
KCSA Worldwide
Robert Giordano/Joseph A. Mansi
(212)682-6300, ext. 289 / 205
Thursday January 14, 9:19 am Eastern Time
Company Press Release |
