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Strategies & Market Trends : e-Commerce the Next 100 Months...... -- Ignore unavailable to you. Want to Upgrade?

To: DWEB IR who wrote (1214)	8/10/1998 10:00:00 AM
From: DWEB IR	Read Replies (1) \| Respond to of 2882

Rite Aid Prescribes DynamicWeb (DWEB) Enterprises Solution For Electronic Commerce And EDI Services NATION'S LARGEST DRUGSTORE CHAIN USES WEB-BASED EDI TO CREATE PAPERLESS SUPPLY CHAIN SYSTEM FAIRFIELD, N.J.--(BUSINESS WIRE)--Aug. 10, 1998-- DynamicWeb(TM) Enterprises, Inc. (OTC Bulletin Board:DWEB - news), a developer of Internet electronic commerce (EC) and EDI business solutions, today announced that Rite Aid Corporation (NYSE:RAD - news) has signed an agreement to use DynamicWeb's Web-based EDIxchangeBuy Service. EDIxchangeBuy provides a customized Extranet designed to leverage the global reach of the Web for companies to automate their supply chains with small- to medium-sized suppliers lacking EDI capabilities. ''Conducting business electronically with our suppliers is a critical link in the supply chain process,'' said Carmine Pasquini, Director of EDI/Electronic Commerce for Rite Aid Corporation, the nation's largest drugstore chain operating more than 4,000 stores. ''We understand that system capabilities vary with each of our vendors and we're offering flexible alternatives to enable trading electronically. Rite Aid will rollout the EDIxchangeBuy service to its non- EDI suppliers and initially will exchange purchase orders and invoices electronically. ''Using DynamicWeb Service provides a seamless integration with our EDI System,'' said Pasquini. ''DynamicWeb differentiated itself from other alternatives with its ability and readiness to easily create a customized Rite Aid EC Web site, that supports both the transactional and informational requirements.'' EDIxchangeBuy is a part of DynamicWeb's EDIxchange Enterprise Suite which consists of two Internet-based catalog solutions - EDIxchangeBuy and EDIxchangeSell. These services leverage the global reach of the Web to extend an EC enterprise to suppliers and customers who are not EDI capable. EDIxchangeBuy manages the technical aspects of EDI on behalf of the suppliers, who only need a Web browser and Internet access to electronically exchange business documents with Rite Aid. ''Rite Aid has established a progressive EC program and DynamicWeb is very excited about the opportunity to extend their current program to reach additional trading partners on the Internet,'' said Steve Oakie, Vice President, Sales and Marketing for DynamicWeb. ''Combining EDIxchangeBuy with our EC Managed Services, DynamicWeb is well-positioned to offer Rite Aid suppliers the technology, expertise and economic alternatives to communicate electronically without the cost and complexities of in-house EDI.'' About Rite Aid Rite Aid Corporation, based in Camp Hill, PA is one of the nation's largest drugstore chains with approximately 4,000 stores in 30 states and the District of Columbia with annual revenues of $11.4 billion. General Information about Rite Aid, including corporate background and press releases, is available through the company's Web site at riteaid.com About DynamicWeb Enterprises Located in Fairfield, NJ, DynamicWeb Enterprises Inc. is an innovator in developing and marketing EC/EDI software and services. The company uses Internet and EDI technologies to enable companies to maximize the full business potential of electronic commerce by increasing participation and compliance with trading partners. For additional information about the company and its products or services visit the DynamicWeb home page at www.dynamicweb.com, send e-mail to sales@dynamicweb.com or call 1- 800-4-EDI-HELP. Contact: DynamicWeb Enterprises Inc. William Taylor 973-276-3106 wtaylor@dynamicweb.com Monday August 10, 8:57 am Eastern Time Company Press Release