SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?


To: MrBuzz who wrote (43108)1/14/1999 10:13:00 AM
From: JoAnn  Respond to of 119973
 
TOY...RMII GTE Supply Selects DynamicWeb's Internet-to-EDI Solution to Expand Electronic Commerce Program

BusinessWire, Thursday, January 14, 1999 at 09:40

FAIRFIELD, N.J.--(BUSINESS WIRE)--Jan. 14, 1999--

Supply Chain Management Division of Leading Telecommunications
Company to Use DynamicWeb Technology

DynamicWeb(TM) Enterprises Inc. (OTC:DWEB), a developer of
Internet electronic commerce and Electronic Data Interchange (EDI)
business solutions, today announced that GTE Supply (NYSE:GTE) will
deploy DynamicWeb EDIxchangeBuy Internet Service.
GTE Supply will offer EDIxchangeBuy to more than 2,000 suppliers
who are not yet EDI-enabled as part of an effort to further automate
transactions within their supply chain. Specific terms of the
agreement with GTE Supply were not disclosed.
EDIxchangeBuy deploys a secure, customized Web site for GTE
Supply vendors who subscribe to the service. Through this site,
suppliers will enjoy the advantages of electronic commerce with GTE
Supply at a fraction of the cost associated with a traditional EDI
System.
The EDIxchangeBuy service translates all documents sent to and
from the Web site into GTE Supply's standard EDI format, requiring no
changes to GTE Supply's legacy system or internal processes. GTE
Supply vendors only need a desktop computer with Internet access to
begin electronically trading. DynamicWeb will continue to leverage
its strategic alliance with Rocky Mountain Internet (NASDAQ:RMII) to
provide Internet access to EDIxchangeBuy subscribers.
EDIxchangeBuy is part of DynamicWeb's EDIxchange Enterprise Suite
which consists of two Internet-based electronic commerce solutions --
EDIxchangeBuy and EDIxchangeSell -- both of which leverage the global
reach of the Web to extend an electronic commerce enterprise to
suppliers and customers who are not EDI capable.
"GTE Supply selected DynamicWeb's EDIxchangeBuy for the seamless
way it integrates with our EDI infrastructure and how it would ease
electronic commerce participation for our suppliers," said Bob
Peterson, manager of Electronic Commerce for GTE Supply.
"We are delighted that GTE Supply has selected DynamicWeb to help
them expand their electronic commerce initiative," said James D.
Conners, president and COO of DynamicWeb. "We're confident that
EDIxchangeBuy will allow GTE's mid-sized suppliers to enjoy the
benefits of electronic commerce without incurring the cost and
complexity of EDI."

About GTE Supply

GTE Supply, a division of GTE Corp., is one of the nation's
largest distributors of telecommunications products and
data-networking systems. It also serves as the purchasing and
distribution arm for GTE, as well as other local telephone companies,
original equipment manufacturers and value-added resellers.

About DynamicWeb Enterprises

Located in Fairfield, NJ, DynamicWeb Enterprises, Inc. is a
leading provider of Internet services and software for enabling
business-to-business electronic commerce. DynamicWeb's EDIxchangeBuy
provides an Internet-based electronic commerce solution for Fortune
1000 companies that expands EDI participation and compliance with
their suppliers.
In addition to GTE Supply, DynamicWeb's EDIxchangeBuy is used by
a growing list of blue chip companies including Southern New England
Telephone (NYSE:SBC), Rite Aid Corporation (NYSE:RAD), Service
Merchandise (NYSE:SME) and Linens 'N Things (NYSE:LIN). DynamicWeb
also provides EDIxchange, a complete turnkey EDI outsourcing service.
EDIxchange customers include Russ Berrie (NYSE:RUS) and Church &
Dwight Co., Inc. (NYSE:CHD). EDIxchangeSupport, the Company's EC
consulting service, customers include Nabisco Holdings Corporation
(NYSE:NA) and Toys R Us, Inc. (NYSE:TOY).
For additional information about DynamicWeb and its products or
services visit the DynamicWeb home page at www.dynamicweb.com, send an
e-mail to sales@dynamicweb.com or call 1-800-4-EDI-HELP.

This press release contains forward-looking statements. All such
statements involve risks and uncertainties, including, without
limitation, the risks detailed in DynamicWeb's filings and reports
with the Securities and Exchange Commission. Such statements are only
predictions and actual events or results may differ materially.

This release is available on the KCSA Worldwide website at
www.kcsa.com.

CONTACT: DYNAMICWEB ENTERPRISES, INC.
Steve Vanechanos Jr., CEO
(973) 244-1000
or
KCSA Worldwide
Robert Giordano/Joseph A. Mansi
(212)682-6300, ext. 289 / 205

KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: INTERACTIVE/MULTIMEDIA/INTERNET COMED RETAIL
COMPUTERS/ELECTRONICS BANKING
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com

Copyright 1999, Business Wire

Companies or Securities discussed in this article:
Symbol Name
OTC:DWEB
NYSE:GTE GTE Corp
NASDAQ:RMII Rocky Mountain Internet Inc
NYSE:SBC SBC Communications Inc
NYSE:RAD Rite Aid Corp
NYSE:SME Service Merchandise
NYSE:LIN
NYSE:RUS Russ Berrie & Co Inc
NYSE:CHD Church & Dwight Inc
NYSE:NA Nabisco Holdings Cl A
NYSE:TOY Toys R Us Inc (Hldg Co)