4Front Technologies, Inc. Announces New E-Business Contracts.Business Editors/High Tech Writers LONDON--(BUSINESS WIRE)--Feb. 17, 2000 - 4Front's E-Business Order Book Rises to $2 Million - - New E-Business Customers Include Ericsson and SEB Noun 1. SEB - a form of staphylococcal enterotoxin that has been used as an incapacitating agent in biological warfare staphylococcal enterotoxin B - 4Front Technologies, Inc. (&uot;4Front&uot;) (Nasdaq NM/EASDAQ Symbol: FFTI FFTI Federazione Field Target Italia (Italian) FFTI Feel Free to Ignore ) today announced important new e-business contracts worth over $750,000, bringing 4Front's total e-business order book since announcing its new e-business initiatives in December 1999 to approximately $2 million. Among the new contracts are two consulting and implementation contracts won by 4Front Sweden totalling approximately $500,000. The first contract is with Ericsson Radio (&uot;Ericsson&uot;), one of the world's leading telecom and wireless companies and the second is with SEB Trygg Liv, a division of SEB (Skandinaviska Enskilda Banken SEB or Skandinaviska Enskilda Banken AB, is a North-European financial group for corporate customers, institutions and private individuals. Its activities comprise mainly banking services, but SEB also carries out significant life insurance operations. ), a leading Swedish bank. For Ericsson, 4Front will be managing a WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. (Wireless Application Protocol) e-business project and for SEB 4Front will be managing an e-business project related to the sale of life insurance over the net. Other contracts won include a $125,000 e-business security contract won by 4Front Germany from a leading bank. As 4Front's pure e-business activities develop according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. plan, other areas of 4Front's business have been benefiting from the rapidly accelerating growth of e-business across Europe. Among recent new customers for services elsewhere in the 4Front group are e-business companies such as Amazon.com and InterVoice-Brite, which have contracted with 4Front for network and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . Anil Doshi, Chairman and Chief Executive Officer of 4Front, said, &uot;We are pleased that our e-business initiatives have been launched successfully and are running according to plan. The e-business revolution is beginning to gather pace rapidly in Europe and the marketplace is displaying significant potential for companies positioned as we are as a pan-European e-commerce consultancy and services provider.&uot; About 4Front Technologies 4Front Technologies, Inc., is a leading provider and integrator of information technology, consisting of specialized computer services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. and web-based solutions, primarily to blue-chip corporations throughout Europe. 4Front's range of services and solutions include e-business and other consulting services, managed services, infrastructure services and product-related services. 4Front's customers include General Electric, British Telecom, Telecom Italia, Lucent, Computer Sciences Corp., IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Phillips, Nokia, Siemens, Sony, Cegedim, Renault, Pfizer, Paine Webber, Societe Generale and the UK Ministry of Defence. Additional information on 4Front can be found on the Company's website at www.4fti.com. |
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