CNKT
I guess the 100k buy knew something. the timestamp on this was 11:04 am
PR Newswire - June 01, 1998 11:04
MOUNTAIN VIEW, Calif., June 1 /PRNewswire/ -- CONNECT, Inc. (Nasdaq: CNKT), a leading provider of business-to-business electronic commerce applications, today announced that Maintenance Warehouse, a subsidiary of The Home Depot and the nation's largest reseller of building repair and maintenance products, is creating the first electronic commerce system for customers of such products using CONNECT's OrderStream(TM) software.
Maintenance Warehouse customers, comprised of owners and managers of apartment complexes, hotels and office buildings throughout the United States, will soon be able to easily search for and order products, compare pricing, and review order status via the Internet 24 hours a day. Customers currently search manually through Maintenance Warehouse's 1,500-page, 10,000-product catalog, and place orders by phone or fax.
"One of our goals for providing Web-based ordering capabilities is to establish an alternate sales and marketing channel," said Mike Brown, senior vice president, Information Systems at Maintenance Warehouse. "Equally important to us, though, is our strong commitment to delivering 'exceptional service, no exceptions' to our customers. Our Internet sales site will now allow our customers to shop 24 hours a day, seven days a week, and will make the ordering process easier with valuable services such as a catalog search engine, customized order templates, workflow approval processes, and order- status history."
With its Internet-based sales solution, Maintenance Warehouse will be able to update its catalog as new products or pricing become available, versus the printed catalog which is updated twice yearly. In addition, an electronic catalog can proactively inform customers when they approach volume discounts, and can track previous orders, offering cost-saving suggestions based on established buying patterns. Customers can also minimize unauthorized purchases, and can work with Maintenance Warehouse to determine specific purchase limits for members of their respective organizations.
"Before choosing CONNECT, we thoroughly researched a large number of software vendors in the electronic commerce arena," said Brown. "CONNECT stood out from the crowd because of its great products and outstanding track record. We were also impressed by the company's uncommon level of professionalism, integrity and project-management skills."
Because fast time to market was an important consideration for Maintenance Warehouse, the company chose to participate in CONNECT's QuickStart program. QuickStart is designed to help companies like Maintenance Warehouse dramatically shorten the time required to develop and implement an Internet commerce solution so they can begin realizing Internet revenues in as little as four weeks.
"We're pleased to note that industry-leading companies such as Maintenance Warehouse continue to choose CONNECT's electronic commerce applications after conducting extensive evaluations of other options," said Craig Norris, president and CEO of CONNECT. "We look forward to helping Maintenance Warehouse quickly realize the dramatic benefits associated with an Internet- enabled sales channel."
About Maintenance Warehouse
Maintenance Warehouse is the industry's leading supplier of building repair and replacement products to owners and managers of multi-housing, lodging and commercial properties throughout the United States. Maintenance Warehouse currently offers more than 10,000 products, including hardware, electrical, lighting, plumbing, appliance and HVAC products. Published and mailed twice a year, the company's catalog is unique in the industry for the way it provides easy-to-identify, 3-D technical illustrations, plus published, three-tier pricing that's guaranteed for the catalog's six-month lifetime.
About CONNECT, Inc.
CONNECT provides comprehensive application software to enable Internet- based electronic commerce. CONNECT's award-winning OrderStream(TM), MarketStream(TM), and PurchaseStream(TM) applications allow global companies to manage the secure sales and purchasing of goods and services via the Internet, including sales-to-order capture, management of multi- supplier/multi-buyer communities, and the automation of MRO procurement processes. For more information, telephone 800-262-2638 or access the CONNECT Web site at www.connectinc.com.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, without limitation, those mentioned in the Company's Annual Report on Form 10-K for the year ended December 31, 1997 and the Company's ability to implement its products, acceptance by the marketplace of the Company's products and services and the Company's ability to develop new products and services.
OrderStream, MarketStream and PurchaseStream are trademarks of CONNECT, Inc. CONNECT is a registered service mark of CONNECT, Inc. All other trademarks are property of their respective holders. |