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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: R.E.B. who wrote (84329)	1/4/2000 8:29:00 AM
From: rowrowrow	Read Replies (1) \| Respond to of 90042

Morning all. Just a stock that I follow. INTF. Tuesday January 4, 7:45 am Eastern Time Company Press Release SOURCE: Interface Systems, Inc. Interface Systems Partners with Oracle Corporation to Provide Legacy-to-Internet Technology for Electronic Bill Presentment and Payment ANN ARBOR, Mich., Jan. 4 /PRNewswire/ -- Interface Systems, Inc. (Nasdaq: INTF - news), the leading provider of Legacy-to-Internet (L2i(TM)) technology, today announced it is working with Oracle Corporation (Nasdaq: ORCL - news) to provide legacy system integration technology to be used with Oracle's Bill Presentment and Payment (BPP) product. Interface's e-Bill Bridge(TM) software will be used to extract, convert and route information residing in legacy billing systems and send that information directly to Oracle's BPP software. BPP will provide the bill presentment, management and payment capabilities. ''We are pleased to work with Oracle to provide the critical L2i component to their e-billing and e-statement product line,'' said Robert Nero, president and CEO of Interface. ''By working together, we will be able to deliver the most comprehensive Electronic Bill and Payment solution in the industry.'' ''This alliance further broadens Interface's base of strategic development and marketing relationships, which also includes IBM, Microsoft, TransPoint, BCE Emergis' e-route and Lucent,'' Nero added. In addition to its e-Bill Bridge product, Interface markets its MyCopy(TM) statement delivery software for the brokerage industry. Both products are based on the Company's industry-leading L2i technology, which converts mainframe-based content to Internet-ready formats. Sales of Interface's Internet products increased approximately 300% in fiscal 1999 versus fiscal 1998. Oracle® BPP is an open-standards-based, robust, enterprise-caliber electronic bill presentment and payment solution for businesses that want to provide online billing services to their customers. It allows companies to enjoy significant cost reductions in their paper-based billing operations, as well as generate additional revenue through up-sell, cross-sell, and advertising, and to enhance and retain control of customer relationships. ''Legacy billing data conversion presents a significant obstacle to electronic bill presentment,'' said Marian Szefler, VP CRM Vertical Development at Oracle. ''Many billing companies want to take part in electronic billing, but cannot because of their rigid legacy systems. The Oracle relationship with Interface Systems helps eliminate this obstacle and enables any biller to participate in Internet billing. By providing a complete software solution, this alliance brings tremendous value to our joint customers.'' About Interface Systems Interface Systems' Legacy-to-Internet (L2i) technology allows any Internet application to access and make full use of information stored on legacy systems. The Company specializes in Internet bill presentment and payment, as well as electronic delivery of statements and other legacy content to the Internet, fax, email, and other destinations. Interface helps its customers extend the life, the reach, and the value of their existing information systems. Interface is headquartered in Ann Arbor, Mich., and markets its products worldwide. More information on Interface and its products can be found at www.intface.com . About Oracle Oracle Corporation is the world's leading supplier of software for information management, and the world's second largest independent software company. With annual revenues of more than $9.1 billion, the company offers its database, tools and application products, along with related consulting, education, and support services, in more than 145 countries around the world. For more information, Oracle's World Wide Web address is www.oracle.com . L2i, eBill Bridge and MyCopy are trademarks of Interface Systems, Inc. Oracle is a registered trademark of Oracle Corporation. SOURCE: Interface Systems, Inc.