MANC....one to watch this week.
MANCHESTER EQUIPMENT CO., INC. ANNOUNCES AVAILABILITY
of EDI Based E-Commerce, Broadening Customer Access
HAUPPAUGE, N.Y., Jan. 19 /PRNewswire/ -- Manchester Equipment Co., Inc. (Nasdaq: MANC), the corporate computer system reseller and network integrator, has completed the development and implementation of its electronic data interchange (EDI) capability. In addition to its recently launched, interactive website (www.manchesterequipment.com),
(What micro-cap Nasdaq stock owns these internet websites and is launching its new website and electronic commerce system on Monday January 18, 1999?
BUYPCONLINE.COM - CLOSEOUTS4U.COM - CLOSEOUTS4U.NET - IBMCPQ.COM - TOSHIBABUYS.COM - COMPAQTOSHIBA.COM - PCDIRECT2U.COM - TOSHIBA4U.COM - COMPAQ4U.COM - IBM4U.COM - COMPAQ1.COM - HPBUYS.COM - COMPAQBUYS.COM - HEWLETTPACKARDDEALS.COM - IBMCPQHP.COM - CPQBUYS.COM - CPQDEALS.COM - CPQHPIBM.COM - IBMBUYS.COM - 47COMPUTER.COM - 47PHOTO.COM - MANCHESTEREG.COM - MANCHESTEREQ.COM - MANCHESTEREQUIP.COM - MANCHESTER-THE-ANSWER.COM - MANCHESTER-TECH.COM - MECEXPRESS.COM - MANCHESTEREQUIPMENT.COM - MECNET.COM
Manchester Equipment Co., Inc. (Nasdaq: MANC) integrates and resells computer hardware, software, and networking products. Manchester's customers include Barnes & Noble, NBC, Pfizer, Reuters America and Time Warner.
In a January 7th, 1999 prnewswire press release Manchester Equipment Co., Inc. (Nasdaq: MANC), announced that it will launch its new website and electronic commerce system on Monday January 18, 1999. Completely revamped visually and functionally, the new site (www.manchesterequipment.com) will allow both existing customers and corporate shoppers to find product specifications, compare products, check price and availability, and place and track orders quickly and easily 24 hours a day, seven days a week.
MANC has confirmed that the official launch will be on Monday January 18th, 1999. MANC also confirmed that individuals in addition to corporations will be able to purchase items from their web sites. A P/E(an internet with a P/E?...yes), a book value of $4.69 and a float of 1.4 million shares could make this one volitile. It would appear that Manchester Equipment Co., Inc. has widened its plans for interent commerce but hasn't told the investment community.
MANC Insiders own approx. 66%. Heartland Advisors owns 7%, Franklin Advisors, Inc. owns 5%, Capital Technology, Inc. owns 5%. 30-Day Avg. Volume: 78,000)
the EDI system expands the company's e-commerce capabilities, making electronic commerce available to a wider range of customers. Corporate customers will be able to find product specifications, check price and availability, place and track orders quickly and easily 24 hours a day, seven days a week. Customers can make payments electronically, as well.
"Many of our larger corporate customers have asked to utilize traditional, standards-based EDI to transact business with us," said Barry Steinberg, CEO of Manchester. "EDI has been in place for years, and larger organizations have utilized it to optimize the efficiency of their procurement functions. We continue to develop systems and processes that make it more efficient and cost-effective to do business with Manchester."
"EDI permits fewer 'touches' to order processing, invoicing, and accounts receivable processing and posting," added Dick Wurst, Manchester's Director of Marketing. "Both Manchester and our customers will truly benefit from the efficiencies gained from using our new system. With both web-based and EDI-based tools available, customers can count on us for accurate information and efficient transaction of business. We will continue to implement technology to enhance our position as "THE ANSWER" for all our customers' computer needs."
Manchester Equipment Co., Inc. is a network integrator and reseller of computer hardware, software and networking products, primarily for commercial customers. The Company offers its customers single-source solutions customized to their information systems needs by combining value-added services with hardware, software, networking products and peripherals from leading vendors. More information about the Company can be obtained by visiting the Company's website located at manchesterequipment.com.
This press release contains certain forward-looking statements that involve risks and uncertainties. The Company's actual results may differ materially from the results discussed herein as a result of a number of unknown factors. Such factors include, but are not limited to, there being no assurance that the Company will be successful in enhancing its business through its expanded internet presence and EDI capabilities, that the Company will be successful in its efforts to focus on higher-margin products and value-added services, that the Company will be successful in attracting and retaining highly skilled technical personnel and sales representatives necessary to implement the Company's growth strategies, that the Company will be successful in integrating, maintaining and growing the business of acquired companies, that the Company will not be adversely affected by continued intense competition in the computer industry, a lack of product availability or deterioration in relationships with major manufacturers, or a loss or decline in sales to any of its major customers, or any of the other risks set forth in the Company's Annual Report on Form 10-K for the year ended July 31, 1998, and those set forth from time to time in the Company's other filings with the Securities and Exchange Commission.
SOURCE Manchester Equipment Co., Inc.
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01/19/99 /CONTACT: A. Richard Wurst,
Director of Marketing of Manchester Equipment Co., Inc., 516-435-1199,
fax, 516-435-2113, or rwurst@mecnet.com/
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