To: Saturday who wrote (6880 ) 6/9/1998 12:40:00 PM From: nmsparky Respond to of 8835
Henley Positioned to Capitalize on Exploding E-Commerce Market MIAMI--(BUSINESS WIRE)--June 9, 1998--Harold Stock, president of the Henley Group Inc. (OTC BB:HNLY), addressing a group of industry end users said, "With the recent announcement of its agreement to purchase OpenOrders Inc. of Newton, Mass., The Henley Group through its subsidiaries, has positioned itself as a strong player in the exploding electronic market." OpenOrders' "Open Fulfillment Product" is strategically positioned to provide the Financial Services community with a sophisticated order processing and literature fulfillment business solution. The product seamlessly integrates into a full financial E-commerce solution. Stock, using the following statistics, demonstrated the potential revenue stream available to Henley through its subsidiaries: -0- *T Total 1996 $9.5B Total 2000 $196B E-commerce Revenue E-commerce Revenue Financial Services $0.2B Financial Services $ 23B Business-to-Business $0.6B Business-to-Business $ 66B Retail $0.5B Retail $ 7B Source: Forrester Research Inc., 1997 *T In addition, MAGRA Computer Technologies will be integrating OpenOrders into its Digital Asset Management solutions for Catalog Marketers. This provides a complete system from the creation of the catalog itself to the management of orders, inventory, payment, and shipment in either business-to-business or retail E-commerce. With the recent opening of offices in Marietta, Ga. and Miami, as well as the Toronto location, MAGRA will be able to offer E-commerce solutions to clients across North America. The Henley Group Inc. is actively seeking to acquire companies in the systems integration and related software fields. CONTACT: The Henley Group, Inc., Miami Daisy Campos, 305/438-0020