Tuesday, July 15, 2003
Over $5 Billion Worth of Purchase Orders Processed via Edict
Systems Web EDI Solutions
95% of Web EDI Orders Processed via GroceryEC.com
DAYTON, Ohio, July 15 /PRNewswire-FirstCall/ -- Edict Systems,
Inc., a wholly owned and sole operating entity of Advant-e
Corporation (OTC Bulletin Board: AVEE
- News),
announced today that its web-based Electronic Data Interchange
(Web EDI) solutions surpassed over $5 Billion worth of purchase
orders processed since January 1, 2000.
Edict's web EDI solutions allow small and medium size suppliers
to support the Electronic Data Interchange initiatives of
their customers. Large brand name suppliers also use Web EDI
solutions to augment their existing in-house capabilities.
The Company's GroceryEC.com service is the leader in the
grocery supply chain for Web EDI solutions, supporting over
120 retailer EDI implementations. GroceryEC.com accounted
for 95% of the $5 Billion in purchase orders processed.
Commenting on this milestone, Jason K. Wadzinski, President
and CEO of Advant-e and Edict Systems stated: "Our Web
EDI solutions continue to provide exceptional value to both
the large organizations we support and their supply chain.
While GroceryEC.com accounts for the bulk of orders processed,
we are seeing activity in our other vertically branded solutions.
CPGSupplier.com, our solution for suppliers to Consumer Packaged
Good manufacturers, has surpassed $100 Million in orders processed,
and MfgEC.com, our manufacturing portal, is also gaining traction."
Many large companies have invested heavily in their ability
to do EDI with their larger suppliers. Web EDI allows these
companies to maximize their existing EDI capabilities by connecting
their small and medium size suppliers to their existing systems.
Advant-e
Corporation will be filing a registration statement on form
SB-2 with the Securities and Exchange Commission to register
all of the shares associated with the Company's convertible
debt and warrants associated with the debt offering in the
near future.
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 on its forward looking statements
are reasonable, it can give no assurance that such expectations
or any or 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.
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