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Technology Stocks : J.D. Edwards debut! (JDEC)

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To: bob zagorin who wrote (294)2/3/1999 10:32:00 AM
From: bob zagorin  Read Replies (1) of 583
 
The Flexitallic Group Gains a Competitive Advantage Using J.D. Edwards' Enterprise Resource Planning Solution; OneWorld to Fulfill the Need for Multi-Site Management Capabilities

DENVER--(BUSINESS WIRE)--Feb. 3, 1998--Enterprise business software provider J.D. Edwards & Company (Nasdaq:JDEC) today announced that The Flexitallic Group, a leading supplier of industrial gaskets and fasteners, has chosen to implement J.D. Edwards' OneWorld(TM) software solution to gain a competitive advantage. Flexitallic will use the multi-platform, enterprise computing solution to control inventory costs, respond quickly to customers, integrate manual processes to produce high quality products and hopes to resolve year 2000 issues.

"Our goal is to implement an ERP solution that can be easily modified to grow as our business needs do," said Stacy R. Ginn, vice president of information systems for Flexitallic. "We are pleased with our decision to implement a J.D. Edwards solution. By enabling us to easily integrate manual processes, such as inventory control into the system, OneWorld is expected to help us maintain costs and control inventory, which in turn means lower costs for our customers -- the ultimate competitive advantage. OneWorld will provide us with the tools necessary to succeed today, and in the future."

OneWorld, J.D. Edwards' multi-platform enterprise computing solution, allows customers to continue to scale, upgrade and evolve underlying technology, at their own pace over time, without sacrificing business functionality. Running on IBM's advanced series AS/400e, OneWorld will replace Flexitallic's existing antiquated system, with financial, logistics/distribution and manufacturing solutions.

"The J.D. Edwards solution allows our business to fluctuate as the market does. By keeping close tabs on our inventory, and with the ability to make adjustments whenever necessary, we are using manufacturing to respond to changes in market demand," Ginn said.

Working with Arthur Andersen, Flexitallic plans to complete its OneWorld implementation by August 1999. The software rollout will include sites in Houston, Deer Park, Canada, Chicago and Los Angeles. The company expects to make OneWorld its global standard within the next three to five years.

About The Flexitallic Group

Headquartered in Houston, The Flexitallic Group is a leading global supplier of industrial gaskets. The company has 30 manufacturing locations comprised of owned plants, joint ventures and manufacturing licensees in 18 countries. Flexitallic maintains a major market position in all ranges of pressure static sealing devices and industrial gaskets used worldwide, primarily concentrated in the oil and gas industry's upstream and downstream operations. With stud bolt and flange capabilities from group member Dan-Loc Bolt & Gasket, The Flexitallic Group can provide a variety of sealing and fastening solutions. Additional information can be obtained by contacting the company at 713/356-3700 or via the Internet at flexitallic.com.

About Arthur Andersen

Arthur Andersen is a global professional services organization consisting of over 100 member firms and more than 61,000 people united by a single worldwide operating structure and a common culture of innovation and knowledge sharing. This unique "one-firm" approach qualifies the people of Arthur Andersen to serve clients by bringing together any of more than 40 competencies in a way that transcends geographic borders and organizational lines. Arthur Andersen's people provide effective business solutions to over 100,000 clients in 81 countries around the world. Since its beginning in 1913, Arthur Andersen has realized 85 years of uninterrupted growth. With revenues of more than US$6 billion, it stands today as a world leader in professional services. Arthur Andersen is a business unit of Andersen Worldwide.

About J.D. Edwards

J.D. Edwards provides Idea to Action(tm) software for managing the enterprise and supply chain. The company's integrated applications give customers control over their front office, manufacturing, logistics/distribution, human resources and finance processes for the consumer products, industrial and service industries. J.D. Edwards enables Idea to Action with ActivEra(tm), a collection of tools and technologies that extend J.D. Edwards' SCOREx supply chain solution and OneWorld and WorldSoftware enterprise business software. ActivEra allows customers to change their enterprise software quickly and easily during and after implementation. The company's solutions operate in multiple computing environments, including Windows NT, UNIX and OS/400, and are Java(tm) and HTML enabled.

Founded in 1977, J.D. Edwards is headquartered in Denver and posted fiscal 1998 revenues of $934 million. Additional information can be obtained by contacting the Company at 800/727-5333, or via the Internet at www.jdedwards.com.

Note to Editors: J.D. Edwards is a registered trademark of J.D. Edwards & Company. OneWorld and Configurable Network Computing are trademarks of J.D. Edwards World Source Company. All other product names and companies referenced herein are trademarks or registered trademarks of their respective owners. The historical results stated above are not necessarily indicative of the results of any future period.

--30--dl/sf* azs/sf

CONTACT:

J.D. Edwards

Tammy Delever, 303/334-2592

tammy_delever@jdedwards.com

or

The Weber Group

Linda Song, 650/463-8614

lsong@ca.webergroup.com
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