NETN NEWS!
Networks North chosen to develop e-sourcing software for the Canadian Imperial Bank of Commerce
PR Newswire - February 25, 1999 09:14
NASDAQ:NETN
TORONTO, Feb. 25 /CNW-PRN/ - Networks North Inc. (NASDAQ:NETN) is pleased to announce, through its 51% owned subsidiary Interlynx Multimedia Inc., the signing of a major contract to provide custom web-based software to facilitate all aspects of eSourcing for the Canadian Imperial Bank of Commerce (CIBC).
''We are pleased to be working with Interlynx again on another key CIBC project,'' said Terence Wallis, CIBC's eSource Project Customer Integration Team Leader. ''They have shown competency in the area of web design and applications particularly in the development of web-based training for CIBC.''
Under the recently signed contract, Interlynx will design and build a web interface and a set of programs to support CIBC employees' ability to interact with the electronic purchasing capabilities. The eSource project uses the ''Ariba ORMS'' software package to link purchasers within the bank to suppliers and their on-line catalogues. The Intranet site being built by Interlynx, for this use, will include extensive on-line training in the use of the Ariba eSourcing tool.
''In using this technology,'' commented Dr. Gary Woodill, President, Interlynx Multimedia Inc. ''the CIBC is clearly establishing itself as a leader in the use of web-based information technology applied to business procedures.''
The CIBC is one of North America's leading financial institutions. CIBC offers a full range of products and services through its electronic banking network and branches across Canada and offices around the world.
Networks North Inc.'s operating units include wholly owned NTN Interactive Network Inc. (NTNIN), Magic Lantern Communications Ltd. and 51% of Interlynx Multimedia Inc., the subject of this release. Interlynx Multimedia Inc. is a developer of web-based interactive software in the areas of training, knowledge management, and e-business. NTNIN is the exclusive Canadian Licensee of NTN Communications, Inc. (AMEX: NTN), a leading producer and programmer of interactive television, on-line and Internet entertainment. The NTN Entertainment Network distributes programming to more than 15 million participants per month at restaurants, sports bars, and other group viewing locations throughout North America, including 525 in Canada with over 2.5 million participants. Magic Lantern is Canada's premier distributor of educational media resources, with exclusive right's to over 14,000 titles in English and French. Magic's subsidiaries provide MPEG encoding, video duplication distribution, and fulfillment services for broadcasters.
SOURCE Networks North Inc.
/CONTACT: Peter Rona, President & CEO, Networks North Inc.,
(416) 675-6666, email: prona(at)ntnc.com; Dr. Gary Woodill, President,
Interlynx Multimedia Inc., (416) 675-6262, email:
gary_woodill(at)goodmedia.com/ |
