Aerospace, Aviation, and Defense Industry eMarketplace PartsBase in Negotiations to be Powered by Manugistics
BOCA RATON, Fla., Aug. 2 /PRNewswire/ -- PartsBase.com Inc. (Nasdaq: PRTS), a global eMarketplace for the aviation, aerospace and defense industries, today announced it is in negotiations with Manugistics Group, Inc. (Nasdaq: MANU), a leading global provider of intelligent supply chain solutions for enterprises and evolving eBusiness trading networks, which, if successful, would result in PartsBase.com's global eMarketplace supply chain solutions, being powered by Manugistics.
PartsBase.com's global eMarketplace provides a means for over 18,000 members in more than 125 countries to buy and sell new, used, and overhauled aviation parts, perform auctions, look for a job or employee, and sell aircraft in an efficient, competitive, and cost-effective manner.
"PartsBase.com seeks to add best-of-breed solutions -- such as Manugistics NetWORKS(TM) collaborative, intelligent supply chain suite -- to our global eMarketplace to help actualize our plan to become a comprehensive service provider for the aerospace, aviation and defense industries," said Andy Plyler, COO of PartsBase.com. "Because Manugistics solutions can allow us to better address various connectivity and collaboration needs, Manugistics emerged as the obvious choice to help power our eMarketplace."
Manugistics NetWORKS Web-based solutions can provide PartsBase.com with a technological infrastructure designed to enable users to share and view real- time information, and execute intelligent mission-critical business decisions. PartsBase.com's strategy is to combine several such best-of-breed solutions in a comprehensive application service provider environment so that companies in their three target industries have the tools necessary to more easily facilitate integration of multiple vertical and horizontal trading networks.
"If our business relationship is finalized, PartsBase.com would become another validation of our strategy to make 'Manugistics powered' the preferred option of, and a key differentiator for, intelligent eMarketplaces," said Jeff Holmes, Manugistics' senior vice president of strategic solutions and alliances. "We are extremely excited about this potential opportunity to help PartsBase.com's aerospace, aviation and defense industry customers improve business partner collaboration and connectivity."
About PartsBase.com Inc.
PartsBase.com is an online provider of Internet business-to-business e- commerce services for the aviation industry. The Company's global e- marketplace provides a means for over 18,000 members in more than 125 countries to buy and sell new, used, and overhauled aviation parts, perform auctions, look for a job or employee, and sell aircraft in an efficient, competitive, and cost-effective manner. Current members of PartsBase's e- marketplace include Boeing, Honeywell, Federal Express, Airborne Express, Saab, United Airlines, Frontier Airlines, BFGoodrich, Southwest Airlines, and Northrop Grumman.
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to competition from other business-to-business service providers, the company's ability to grow its subscriber base and successfully generate transaction-based revenues. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the increasingly competitive and constantly changing nature of the business-to-business e-commerce market. More information about potential factors that could affect the company's business and financial results is included in the company's Registration Statement on Form S-1 (SEC File No. 333-94337), as amended, which is on file with the Securities and Exchange Commission (http://www.sec.gov). For more information, visit www.partsbase.com.
About Manugistics Group, Inc.
Headquartered in Rockville, Md., Manugistics Group, Inc. is a leading global provider of intelligent supply chain solutions for enterprises and evolving eBusiness trading networks. With more than 900 clients, Manugistics powers intelligent decisions for profitable growth in leading companies such as Amazon.com, Coca-Cola Bottling, Compaq, DuPont, eConnections, FreightWise, General Electric, Harley-Davidson, Hormel, Mobil, Nestle, Timberland and Unilever.
This announcement contains forward-looking statements that involve risks and uncertainties that include, among others, anticipated losses, unpredictability of future revenues, potential fluctuations in quarterly operating results, competition, risks related to quarterly performance, risks of system interruption, anticipated client benefits, delivery of software functionality, management of potential growth, and risks of new business areas, international expansion, business combinations and strategic alliances. More information, about factors that potentially could affect Manugistics' financial results is included in Manugistics' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended February 29, 2000 and its Quarterly Report on Form 10-Q for the quarter ended May 31, 2000.
Manugistics is a registered trademark, and the Manugistics logo, the phrase "Leveraged Intelligence," and NetWORKS are trademarks, of Manugistics, Inc. All other product or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners. Additional information about Manugistics can be found at the company's site on the World Wide Web, at www.manugistics.com.
SOURCE PartsBase.com, Inc.
CO: PartsBase.com Inc.; Manugistics Group, Inc.
ST: Florida, Maryland
IN: AIR ARO MLM
SU: JVN
08/02/2000 10:01 EDT prnewswire.com |
