DWEB+Disney? 300 shares traded since this news
DynamicWeb's Business-to-businessInternet E-commerce Solution Gains Momentum With Another Major Contract
March 11, 1999 01:22 PM
FAIRFIELD, NJ--(BUSINESS WIRE)--March 11, 1999--
Blue Chip Entertainment Company is Latest in Series of Market Successes for EDIxchangeBuy
DynamicWeb(TM) Enterprises Inc. DWEB , a developer of Internet electronic commerce and Electronic Data Interchange (EDI) business solutions, today announced that it has signed a major contract, for its EDIxchangeBuy service, with a worldwide entertainment company that has operations in entertainment, creative content, broadcasting, theme parks and resorts.
The agreement calls for DynamicWeb to deploy its EDIxchangeBuy service, to automate transactions with over 700 suppliers to the theme parks and hotels, which are not EDI-capable. Financial terms of the agreement were not disclosed.
Through the operation of its EDIxchangeBuy service, DynamicWeb facilitates electronic transactions between an EDI capable customer and its suppliers, by conforming to the EDI specification of the customer on one end and browser enabling the transaction for the supplier on the other end. Suppliers need only a desktop computer with Internet access to begin electronically trading.
EDIxchangeBuy is a 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.
DynamicWeb will continue to partner with Rocky Mountain Internet RMII to provide Internet access to EDIxchangeBuy subscribers.
"We are delighted that once again a blue chip company has committed to utilize their EDI infrastructure as the basis for their Internet supply chain automation, E-commerce program" said Steve Vanechanos, Jr. Chairman and CEO of DynamicWeb, "and that, after an exhaustive vendor selection process, DynamicWeb has been selected as the vendor of choice and our EDIxchangeBuy service as the technology platform for the initiative." It's also important to note, that much like other high profile business-to-business players like VerticalNet VERT , we are 'community building', however our community is a trading community where we actually facilitate transactions between trading partners."
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.
DynamicWeb's EDIxchangeBuy is used by a growing list of blue chip companies including GTE Supply GTE , Southern New England Telephone SBC , Rite Aid Corporation RAD , and Service Merchandise SME . DynamicWeb also provides EDIxchangeOutsource, a complete turnkey EDI outsourcing service.
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.
|
