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Wednesday, August 21, 2002 |
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GroceryEC.com Surpasses 5,000 Trading Relationships
Leading Grocery Supply Chain e-Commerce Solution Supports over 90 Retailers DAYTON, Ohio, Aug. 21 -- Advant-e Corporation (BULLETIN BOARD: AVEE) announced today that it has surpassed 5,000 trading relationships established on http://www.groceryec.com/. A trading relationship is defined as an electronic trading link between one supplier and one retailer. Each subscriber on GroceryEC.com currently uses the system to connect to an average of 2.4 retailers.
GroceryEC.com is a web-based supply chain solution which allows small and medium size suppliers in the grocery industry to support the Electronic Commerce initiatives of their retailer customers. The system is also utilized by large, brand-name suppliers to augment their current in-house capabilities for supporting industry specific electronic documents.
Commenting on this milestone, Jason K. Wadzinski, President and CEO of Advant-e stated: "We ended 2001 with 3,480 trading relationships established on GroceryEC.com. Today we have 5,058. The 45% increase in trading relationships so far this year is directly attributable to the increased number of retailers we support and the fact that most suppliers have a need to support the e-commerce initiatives of multiple retailers.
"Many retailers in the grocery industry have invested heavily in their ability to do EDI and Electronic Commerce with their larger suppliers. GroceryEC.com allows these retailers to maximize their existing investment by EDI-enabling their small and medium size suppliers via a web-based solution.Suppliers benefit from GroceryEC.com by being able to have one web-based EDI solution to support the requirements of all of their retail customers.
GroceryEC.com currently supports the EDI implementations of over 90 retailers and is a valuable resource for over 2,100 suppliers allowing them to do business electronically with their customers.
About Advant-e Corporation
Advant-e, via its wholly owned and sole operating subsidiary EDICT Systems, Inc., is a provider of Business-to-Business electronic commerce software and Internet-based applications specializing in Electronic Data Interchange (EDI) and XML-based solutions for recurring transactions. Advant-e specializes in horizontal transaction services via EnterpriseEC(R), an Internet-based Electronic Business Transaction Network, and within specific vertical industries via web-based "vortals" including http://www.groceryec.com/, http://www.retailec.com/, http://www.cpgsupplier.com/, http://www.logisticsec.com/, and http://www.mfgec.com/.
In addition to Internet and web-based e-commerce solutions, EDICT Systems also provides e-commerce integration and bar coding applications via its FORMULA_ONE(R) translation software and Bar Code Label Modules. Additional information about Advant-e Corporation can be found at http://www.advant-e.com/ and http://www.edictsystems.com/ or by contacting investor relations at (937) 429-4288. The company`s email is info@edictsystems.com.
The information in this news release includes certain forward looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the company. Although the company believes that the expectations reflected in its forward looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.
CONTACT:
Investor Relations of Advant-e Corporation
+1-937-429-4288
info@edictsystems.com
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