SPS COMMERCE EXPANDS E-COMMERCE SERVICES FOR FRANKS NURSERY
-- Retailer Extends New Services to Existing Suppliers While Providing Hosted Transaction Services to New Vendors --
St. Paul, MN, November 4, 2003 - SPS Commerce, the leading supply chain integration service provider, announced today that Franks Nursery & Crafts, Inc. (OTC: FNCN) has expanded their e-commerce initiatives through SPS` hosted services for its supplier base. Franks will now offer new transaction models for drop ship and ship-to-store capabilities for existing vendors. New suppliers to Franks are also being provided with SPS` Vendor Enablement Program, which streamlines supply chain performance with vendors via a hosted service to electronically exchange purchase order and invoice data.
Founded in 1949, Franks Nursery is the leading specialty retailer of lawn and garden products in the United States, operating 170 stores in 14 states. For more information on Franks, visit www.franks.com. The Company has an existing internal electronic data interchange (EDI) system in place, and initially contracted with SPS Commerce in November 2000 to optimize its supply chain with an expanded EDI program. Building from the success of that relationship, Franks now looks to offer their existing supplier base with new transaction sets that further extends the efficiencies and cost-effectiveness of hosted supply chain services while offering those benefits to new suppliers as well.
"SPS Commerce has become a valued partner, assisting us in expanding the value proposition of our e-business initiatives," said Bruce Dale, CEO for Franks Nursery. "As we continue to grow and change our business, the breadth and depth of SPS` services make expansion into other areas of e-commerce immediate and profitable for both Franks and our suppliers."
"SPS Commerce has designed an expansive suite of services to assist forward-thinking retailers such as Franks Nursery," said Archie Black, CEO of SPS Commerce. "As Franks` e-commerce program matures through our supply chain services, they will realize the value of a streamlined supply chain through significantly reduced costs and the improved ability to collaborate in new and exciting ways with their business partners."
About Franks Nursery
Franks Nursery is the nation`s largest lawn and garden specialty retailer and operates 170 stores in 14 states. Franks Nursery is also a leading retailer of indoor garden products and accessories, including silk floral arrangements, as well as Christmas décor merchandise.
This press release contains forward-looking statements, which reflect management`s current views of future events and financial performance. These forward-looking statements are based on many assumptions and factors detailed in the Company`s filings with the Securities and Exchange Commission, including the effects of currency fluctuations, customer demand, fashion trends, competitive market forces, uncertainties related to the effect of competitive products and pricing, customer acceptance of the Company`s merchandise mix and retail locations, unseasonable weather, risks associated with foreign global sourcing, including political instability and changes in import regulations, economic conditions worldwide, and the ability of the Company to execute its business plans effectively. Any changes in such assumptions or factors could produce significantly different results. The Company undertakes no obligations to update forward-looking statements, whether as a result of new information, future events, or otherwise.
About SPS Commerce
SPS Commerce is the leading provider of hosted supply chain integration services. The company specializes in managing trading partner enablement and management programs to increase the depth and/or breadth of integration with trading partners - especially small and mid-sized partners. Our solution has helped many large retailers and distributors, electronically enable and integrate over 52,000 trading partners into their e-supply chain. For more information, visit www.spscommerce.com or call (651) 603-4400.
SPS Commerce is a registered trademark of SPS Commerce Inc., spscommerce.net and the SPS Commerce logo are the property of SPS Commerce, Inc. All other names and trademarks are the property of their respective holders.
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