4Front Technologies, Inc. Wins Important New E-business and Service Contracts Across Europe; Contracts Won In France, Germany, Holland and Italy.Business Editors LONDON--(BUSINESS WIRE)--July 5, 2000 E-Business Opportunities Continue to Develop 4Front Technologies, Inc. ("4Front") (Nasdaq NM/EASDAQ Symbol: FFTI FFTI Federazione Field Target Italia (Italian) FFTI Feel Free to Ignore ) today announced that it has won or expanded several important new e-business and service contracts in France, Germany, Holland and Italy. One of the contracts is a framework service and e-business agreement with GE Access and carries a potential multi-million dollar value. The quantifiable value of the other contracts totals approximately $1.5 million. Details of the contracts are as follows: GE Access Agreement: - 4Front France has signed a major new framework agreement with GE Access, the leading international distributor of UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). computer products and solutions. GE Access is a subsidiary of the General Electric Company. Under the agreement, 4Front France will provide a range of services to GE Access. The services will centre primarily on SUN Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. solutions, of which GE Access is the world's leading distributor, and will include network services, e-business consultancy and implementation, and training. 4Front is also currently discussing the extension of 4Front France's contract with GE Access on a pan-European basis. The partnership with GE Access has a potential multi-million dollar value for 4Front. Other New Agreements: - 4Front Italy has won a major new network service contract with ITS, the outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. subsidiary of the Fiat Group. Under the contract, which is worth approximately $800,000, 4Front will be working with 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) under its recently established IBM "Shark" partnership to provide mission critical enterprise network services and solutions. - 4Front Germany has won an important new e-business contract with Alphaware GmbH, one of Germany's first Application Service Providers. Under the contract, which is estimated to be worth approximately $300,000, 4Front will provide a company-wide security and authorisation solution for Alphaware's internet-based ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. solution, Alphawork. Stephen Zerdahely, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Alphaware, commented, "4Front presented a comprehensive plan to us at short notice with a customised solution which will fulfill all of our security needs with our fast-growing customer base." - 4Front Holland has won an important new e-business contract with a major technical research organisation. The contract, worth approximately $100,000, covers an iPlanet implementation project. - 4Front Italy has won an important new e-business contract with Worldonline, the European Internet content provider See content provider. , for the implementation of a web portal See portal. . The contract is worth approximately $100,000 to 4Front. Expanded Agreement: - Following a successful implementation of a previously announced e-business contract with a consortium of leading Italian banks, (Federazione Toscana delle Banche di Credito Cooperativo ("FTBCC")) the initial agreement covering the implementation of an online banking solution has been expanded by approximately $150,000 to around $800,000. With regard to the successful execution of this contract to date, Doctor Enzo Greco, FTBCC IT Director, commented, "Having a partner like 4Front, we are confident of successfully achieving our present and future plans." Anil Doshi, Chairman and CEO of 4Front, said, "4Front's growing IT presence in Europe and growing involvement with higher-value service activities is reflected in these new contracts. 4Front Italy continues to build its network service business successfully and we look forward to working closely with ITS and Fiat in the future. The new GE Access relationship has significant potential and is a reflection of our established reputation for Sun expertise, as well as of our service network and rapidly developing e-business expertise. By winning its first e-business contract, 4Front Holland has been added to the list of countries where e-business services are being rolled out." Mr. Doshi concluded, "The e-business services market in Europe is young and has many players. It's becoming clear, however, that the importance of client references for swift and successful implementation and effective service delivery, as achieved at FTBCC, is often the deciding factor for a contract award. As such, we expect our e-business and services pipeline to continue to build." About 4Front Technologies, Inc. 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 services and solutions include help-desk services, education services, network services, e-business and software solutions, 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 . 4Front's customers include General Electric, British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. , Telecom Italia Telecom Italia is formerly a partially state-owned Italian telco. It was once known as SIP, and it has the largest user base in Italy. Telecom Italia also owns shares in Telecom Argentina and Telecom Personal, fixed and cellular networks in Argentina. , Lucent, Computer Sciences Corp., IBM, Phillips, Nokia, Ericsson Radio, Siemens, Sony, Cegedim, Renault, Pfizer, Paine Webber Paine Webber and Company was an American stock brokerage firm that was acquired by the Swiss bank UBS AG in 2000. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. 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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