I figure the price will stay down until Jan. options exp. next week. We saw the same thing with SDTI, then it took off.
More news:
biz.yahoo.com
Wednesday January 6, 10:15 am Eastern Time
Company Press Release
SOURCE: Open Market, Inc.
Milacron Launches Milpro.Com, a Pioneering E-Commerce Initiative Using
Open Market's Transact and LiveCommerce
BURLINGTON, Mass., Jan. 6 /PRNewswire/ -- Open Market, Inc. (Nasdaq: OMKT - news), a leading provider of Internet commerce and information publishing
software, today announced that Milacron Inc. (NYSE: MZ - news), a leading manufacturer of tools and systems for processing plastics and metals, has launched a
major Internet commerce site using Open Market's Transact™ and LiveCommerce™ software. Milacron will be using the software to change the way they sell
metalworking supplies to more than 100,000 small job shops, significantly expanding their ability to serve this market.
''To our knowledge, Milacron is the first industrial manufacturer to launch such an ambitious web initiative, serving a national market with a high-tech solution,'' said
Gary Eichhorn, president and CEO, Open Market, Inc. ''Open Market continues to prove that we have the right solutions for companies that are leading the
transformation of their industries.''
''We wanted to enter 1999 with our e-commerce site up and running,'' said Alan Shaffer, Milacron group vice president for industrial products. ''We chose to work
with Open Market because they are experts at Internet commerce. We got to market quickly and saved significant costs while doing it. MILPRO.COM is now live
and in production with 50,000 items available for purchase over the Internet''
Milacron is taking advantage of the power of Open Market's distributed Internet commerce solution through their cross-divisional Web site, milpro.com.
The site allows Milacron to present ''one face'' to the customer, allowing them to purchase over 50,000 products from all divisions within Milacron's Industrial
Products Group. The complex tasks of order processing, routing and billing to the appropriate divisions are handled behind the scenes using Open Market's Transact
and LiveCommerce. This solution allows Milacron to use the Web to fundamentally change how their customers interact with the company, yet seamlessly integrate
with the strong existing infrastructure of the company.
Milacron is also using its site to improve customer relationships by extending valuable product information to both customers and distributors. Due to the highly
technical nature of Milacron's product lines, many of their products are not optimally applied. Milacron's Web site has in-depth interactive technical information that is
instantly accessible to customers, so they can get the full value out of Milacron's products. The site also provides access to Material Safety Data Sheets that can be
printed on demand.
Working closely with Open Market, EMC Corporation [NYSE:EMC - news], the world's leading provider of enterprise storage systems, software and services,
hosts and manages milpro.com on a 24 x 7 basis and leverages its world-class engineering expertise to provide reliable, high performance access to applications and
data. In addition, EMC's Symmetrix enterprise storage systems offer milpro.com superior levels of information management, protection and sharing.
More about Open Market's Internet Commerce Solution
At the core of Open Market's Internet commerce platform is Transact, an enterprise application that manages Internet commerce. Transact offers powerful
functionality, including complete order management, online customer service, security, authentication, record-keeping, flexible purchasing and payment models,
secure transaction processing, and automatic calculation of worldwide tax and shipping charges. Transact provides the commercial backbone for some of the
highest-profile sites on the Web today, including SegaSoft's Heat.net, BuyDirect.com, and Time Inc.'s Pathfinder, among others. It has also been adopted by the
largest telecommunications companies and leading financial services firms as the basis for low-cost, outsourced Internet commerce services that they provide to their
small and medium-sized business customers.
In addition to Transact, Open Market offers LiveCommerce, a next- generation Internet catalog and marketing application. Manufacturers, distributors, retailers, and
publishers use LiveCommerce to create online catalogs with unparalleled searching flexibility that enhances the user's experience while reducing costs and ultimately
increasing revenue. These companies can uniquely tailor a catalog's presentation to different customers segments, so that viewers see a catalog designed exactly for
them with specific product lines, pricing, and ordering capabilities. LiveCommerce offers unrivaled online navigational and search functionality making it easy for
customers to find what they need and place orders quickly. Customers are given rapid, easy access to specific product information, and they can compare and
contrast similar products through comparison tables.
More About Open Market
Founded in 1994, Open Market, Inc. (Nasdaq: OMKT - news) is the market-share leader in Internet commerce software. Open Market's high-performance
application software products and professional services allow its customers to engage in business-to-consumer and business-to-business Internet commerce,
information commerce, and commercial publishing. Among Open Market's distinguished roster of global customers are 7 of the 15 top domains on the Web,
including Time Warner Pathfinder.com, major industrials such as Ingram Micro and Acer, more than 700 publishers including the top 10 commercial publishers, and
11 of 14 of the world's top national telephone companies. The company, headquartered in Burlington, Massachusetts, with offices in Japan, Canada, the UK,
France, Germany, The Netherlands, Italy, and Australia can be reached by calling 1-888-OPEN-MKT or by visiting openmarket.com.
This news release contains forward looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to
differ materially from those indicated by such forward-looking statements are the company's limited operating history, delays in product development, development of
the Internet market, changes in product pricing policies, competitive pressures, and the risk factors detailed from time to time in the company's periodic reports and
registration statements filed with the Securities and Exchange Commission.
Open Market, Transact, LiveCommerce, and We ARE Internet Commerce are trademarks or registered trademarks of Open Market, Inc. in the United States and
other countries. All other names are used for identification purposes only and may be trademarks of their respective owners.
SOURCE: Open Market, Inc.
More Quotes
and News:
EMC Corp (NYSE:EMC - news)
Milacron Inc (NYSE:MZ - news)
Open Market Inc (Nasdaq:OMKT - news)
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