To: DWEB IR who wrote (76 ) 2/11/1999 9:15:00 AM From: DWEB IR Read Replies (1) | Respond to of 189
DynamicWeb to be Issued Patent for "Order Entry System for Internet" FAIRFIELD, N.J.--(BUSINESS WIRE)--Feb. 11, 1999--DynamicWeb Enterprises, Inc. (OTC BB: DWEB) a developer of Internet electronic commerce and Electronic Data Interchange(EDI) business solutions, announced today it has been notified by the U.S. Patent Office that it will be issued a patent for its ''Order Entry System for Internet.'' The patent is expected to issue sometime in the first half of 1999. In commenting on the upcoming approval, Steve Vanechanos, Chief Executive Officer of DynamicWeb, said, ''The decision by the Patent Office to issue us a patent helps to cement our reputation as a pioneer in our field. Although we do not expect royalties from the patent, significant achievements of this kind are major assets in gaining the confidence of the Fortune 1000 companies that are our best prospects for future sales.'' 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, including such companies as Southern New England Telephone (NYSE: SBC - news) and Rite Aid Corporation (NYSE: RAD - news). DynamicWeb also provides EDIxchange, a complete turnkey EDI outsourcing service. EDIxchange customers include Russ Berrie (NYSE: RUS - news) and Church & Dwight Co., Inc. (NYSE: CHD - news). 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 Public Relations Worldwide website at www.kcsa.com Contact: DynamicWeb Enterprises, Inc., Fairfield Steve Vanechanos Jr., Chairman and CEO 973/244-1000 or KCSA Worldwide, New York Robert Giordano/ Joseph A. Mansi 212/682-6300, ext. 289 / 205 rgiordano@kcsa.com / jmansi@kcsa.com www.kcsa.com Thursday February 11, 8:01 am Eastern Time Company Press Release