Newgistics and i2 Technologies Form Partnership to Offer Returns Management to i2 Retail Customers
AUSTIN, Texas--May 15, 2001--Newgistics Inc. today announced a partnership with i2 Technologies Inc., the leading provider of dynamic value chain and marketplace solutions, to sell Newgistics` product returns management solution, ReturnValet(tm), within the i2 Customer Relationship Management (CRM) Solutions(tm).
The partnership is structured to give businesses the added feature of more efficiently managing and processing returns, while capturing critical data during the product returns cycle. ReturnValet offers complete returns management for multi-channel retailers by integrating leading technology with logistics and business processes. i2 CRM is a suite of applications that power the planning and execution of customer-facing business functions while managing orders throughout the process.
"Adding ReturnValet to i2`s range of offerings allows customers more visibility into their product`s life cycle," said Steve Robinson, executive vice president, i2 CRM. "The partnership with Newgistics gives i2 another chance to add value for all customers."
"Our partnership combines i2`s industry-leading forward fulfillment supply chain solution with Newgistics` reverse logistics expertise to give customers improved operational efficiencies, a reduction in transportation costs and cycle times, and access to real-time business intelligence," said C.J. "Gabe" Gabriel, president and CEO of Newgistics.
About ReturnValet(tm)
ReturnValet, a comprehensive returns management solution, is Newgistics` reverse logistics service for multi-channel retailers. This service includes neighborhood points-of-return (POR), a convenient Quick Label program, a scaleable technology platform and cost-effective returns processing. ReturnValet delivers an enhanced customer experience, improved operational efficiencies and lower processing costs.
About Newgistics Inc.
Newgistics Inc. is an innovative supply chain management company integrating technology with established logistics systems to create operational efficiencies for multiple business verticals. Newgistics focuses on delivering reverse logistics solutions to optimize the entire supply chain. Additional information can be found at www.newgistics.com.
Newgistics formed strategic alliances with R.R. Donnelley Logistics (www.donnelleylogistics.com), USF Processors (www.usfprocessors.com), a division of USFreightways, and Spiegel-Hermes General Service (www.shgs.com) to create the most extensive and comprehensive returns management network in the industry. Through ReturnValet, the four companies, and 4,000 participating mail and parcel centers nationwide, offer direct retailers a more customer friendly and affordable product returns solution.
About i2
i2 is creating real value for its global e-business customers through its i2 TradeMatrix Solutions, content and marketplace platforms. i2 TradeMatrix allows businesses to create both private and public marketplaces, while improving the efficiencies of all participants. i2 provides a wide variety of collaborative e-business services for both the early stages and next generation of e-business adoption, with each service supported by decision optimization, transaction management and content management solutions. Founded in 1988, i2`s mission is to deliver $75 billion in value to its customers by 2005. i2 is headquartered in Dallas, has more than 5,900 employees and maintains offices worldwide. Visit i2`s Web site at http://www.i2.com.
i2 is a registered trademark of i2 Technologies Inc. i2 TradeMatrix, i2 TradeMatrix Solutions, i2 Customer Relationship Management Solutions and the i2 logo design are trademarks of i2 Technologies Inc.
Cautionary Language
This press release may contain forward-looking statements that involve risks and uncertainties including forward-looking statements regarding the success of the alliance with Newgistics and the achievement of benefits attributable to the i2 and Newgistics solution. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. For a discussion of factors which could impact i2`s financial results and cause actual results to differ materially from those in forward-looking statements, please refer to i2`s recent filings with the SEC, particularly the Form 10-K filed March 29, 2001, and Form 10-Q filed May 4, 2001. i2 assumes no obligation to update the forward-looking information contained in this news release.
CONTACT:
Newgistics Inc., Austin
Karla Villalon, 512/225-6040
kvillalon@newgistics.com
i2 Technologies Inc., Dallas
Molly Fiden, 469/357-4721
molly_fiden@i2.com
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