2think Becomes SynQuest Supply Chain Distributor.Business Editors & Technology Writers ATLANTA--(BUSINESS WIRE)--May 6, 2002 SynQuest, Inc. (Nasdaq:SYNQ) today announced 2think, Inc. has become a distributor of SynQuest supply chain planning software. The agreement expands SynQuest's sales presence beyond large manufacturers with 2think targeting companies with complex business processes in the mid-market ($50 million to $200 million in annual revenue). 2think will resell re·sell tr.v. re·sold , re·sell·ing, re·sells 1. To sell again. 2. To sell (a product or service) to the public or to an end user, especially as an authorized dealer. the SynQuest Virtual Production Engine software, which is designed to determine how to plan, execute and control orders in a real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. production environment for fast, reliable and lowest total cost results. Unlike conventional manufacturing applications that treat planning and execution separately, SynQuest software is designed to integrate these capabilities so companies can synchronize See synchronization. plans through real-time supply chain event management. "SynQuest software fits well with our focus of enabling companies to reduce lead times and costs as well as improve supply chain reliability and customer responsiveness," said Jim Von Ins, principal at 2think. "Teamed with SynQuest, we can help manufacturers ensure that orders are completed - on time and for the lowest total manufacturing cost." 2think, based in Holland, Michigan, specializes in the design, planning and systems architecture of supply chain applications. Its principals have extensive supply chain experience, including implementing and managing SynQuest manufacturing planning software for a large office furniture manufacturer. "2think are supply chain experts skilled in achieving radical improvements in complex manufacturing environments," said Tim Harvey Tim Harvey (born November 20, 1961 in Farnborough, London) is a racing driver from England. A household name in the 1990s, Harvey won the prestigious BTCC title in 1992 driving a BMW 318 coupe, run by Vic Lee Motorsport. He won 6 races, with one pole position. , president of SynQuest. "The company will enable SynQuest to expand its sales footprint The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor. 1. by reaching out to mid-sized manufacturers to provide solutions that offer dramatic profit and customer service improvements - delivered quickly." About SynQuest SynQuest, Inc. specializes in providing supply chain planning software to maximize profit and optimize optimize - optimisation service for companies with complex logistics networks. SynQuest software uses financially focused technology to solve specific supply chain problems for target markets including automotive and industrial manufacturers. The company's supply chain planning solutions feature rapid implementation for fast, compelling return on investment. SynQuest is a registered trademark of SynQuest, Inc., Atlanta, GA. For more information, call 800/844-3228 or visit www.synquest.com. About 2think 2think, Inc. provides strategic, turnkey See turnkey system. solutions engineered specifically for mid-market manufacturers with complex requirements. The company helps it's clients achieve significant top and bottom line results that enable competitive advantage. 2think's Quick Response Manufacturing (QRM QRM Qormi (postal locality, Malta) QRM Quick Response Manufacturing QRM Man Made Interference QRM Quality Resource Management QRM Quantitative Research Methods QRM Quarterly Review Meeting QRM Quick Response Modification ) methodology tightly integrates all components of the supply chain using innovative applications and processes to significantly reduce lead time, improve reliability and financial performance with accelerated time to benefit. For more information, call 616/546-5483 or visit www.2think.biz biz n. Informal Business. biz Noun Informal business Noun 1. . Forward-looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This press release contains statements, estimates or projections, not historical in nature, including statements with respect to plans, projections or future performance of SynQuest and further versions of SynQuest Solutions, that may constitute "forward-looking statements" as defined under U.S. federal securities laws. These statements, which speak only as of the date given, are subject to certain risks and uncertainties that could cause actual results to differ materially from SynQuest's historical experience and our present expectations or projections. These risks include, but are not limited to, risks associated with product demand and market acceptance risks, the effect of economic conditions, the impact of competitive products and pricing, product development, commercialization and technological difficulties and other uncertainties detailed in SynQuest's filings with the Securities and Exchange Commission (the "SEC"), including our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended June 30, 2001. SynQuest undertakes no obligation to publicly update or revise any forward-looking statements. SynQuest is a registered trademark of SynQuest, Inc., Atlanta, GA. |
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