Tuesday, August 3, 2004
Edict Systems Announces Surpassing $10 Billion Worth of
Purchase Orders Processed via Web EDI
DAYTON, Ohio, Aug. 3 /PRNewswire-FirstCall/ -- Edict Systems,
Inc., the wholly owned and sole operating entity of Advant-e
Corporation (OTC Bulletin Board: AVEE
- News),
announced today that it has reached a major milestone in surpassing
$10 billion in purchase orders processed since January 2000
via the Company's Web-based Electronic Data Interchange (Web
EDI) services.
Edict's GroceryEC.com service for Web EDI supports over 150
retail, wholesale and distributor EDI implementations. This
retail industry leading service accounted for more than 95%
of the $10 billion in purchase orders processed.
Edict's Web EDI solutions allow small and medium size suppliers
to support the Electronic Data Interchange initiatives of
their customers, many of whom are requiring EDI as a prerequisite
for doing business. Large brand name suppliers also use Web
EDI to augment their existing in-house capabilities.
Commenting on this milestone, Jason K. Wadzinski, President
and CEO of Advant-e and Edict Systems stated: "The dollar
amount of purchase orders that we have processed for our customers
and their retail partners highlights the value that Edict
Systems offers the trading communities we serve. The average
dollar amount of the purchase orders processed was $8,500,
which shows that we are reaching the small suppliers we are
targeting for our Web EDI services. By EDI-enabling small
suppliers, the large retailers we support gain the maximum
benefits from their existing EDI capabilities."
Many large companies have invested heavily in their ability
to do EDI with their large suppliers. Web EDI allows these
companies to maximize their existing EDI capabilities by connecting
their small and medium size suppliers to their existing systems.
Edict Systems' solutions enable businesses to automate data
exchange and streamline business processes with all suppliers
regardless of their size. Edict has proven itself as a leader
in achieving increased value from supply chain initiatives
by working closely with large buying organizations and over
three thousand suppliers.
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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