A&P Selects viaLink For E-Commerce; Supermarket Chain Joins Growing List of Top Retailers to Choose viaLink.Business Editors DALLAS--(BUSINESS WIRE)--Jan. 8, 2001 The viaLink Company (Nasdaq:VLNK VLNK Virtual Link VLNK Visited Link ) today announced that The Great Atlantic and Pacific Tea Company The Great Atlantic and Pacific Tea Company, better known as A&P, is a 340-store supermarket chain with locations in Connecticut, New York, New Jersey, Pennsylvania, Delaware, Maryland, Louisiana, Mississippi, the District of Columbia, and Ontario. Its corporate and U.S. (A&P) (NYSE NYSE See: New York Stock Exchange :GAP), one of North America's top 10 retailers, will use viaLink's syncLink(SM) service to synchronize See synchronization. item, price and promotion data with its trading partners. A&P operates 750 stores and serves 65 franchise stores in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "We are looking forward to using viaLink's syncLink service to achieve efficiencies within our supply chain and enable our employees to focus on what really matters -- our customers," said Nick Ioli, A&P's chief information officer. "As we work with viaLink to bring all our suppliers onto syncLink, we will reduce invoice discrepancies and improve data integrity, allowing our associates to spend less time on administrative tasks and more time focusing on customer service. The supply chain efficiencies we expect to achieve through syncLink should also lead to reduced costs and help to foster better relations with our suppliers." Lewis B. "Bucky" Kilbourne, viaLink's chairman and chief executive officer said, "We are extremely pleased that A&P has selected syncLink to synchronize its critical trading data. This contract marks another significant retailer to choose viaLink, further strengthening our momentum in becoming the industry utility for data synchronization Keeping data in two or more computers up-to-date so that each repository contains the identical information. Data in handheld devices and laptops often require synchronization with the data in a desktop machine or server. . Our next step will be to attract all the suppliers who serve these leading retailers to form large trading communities and maximize the benefits for all participants. We are excited to welcome A&P to viaLink's growing customer base and look forward to working with them to extend the advantages of synchronized syn·chro·nize v. syn·chro·nized, syn·chro·niz·ing, syn·chro·niz·es v.intr. 1. To occur at the same time; be simultaneous. 2. To operate in unison. v.tr. 1. data to their supplier community." About A&P Founded in 1859, A&P was one of the nation's first supermarket chains, and is today one of North America's 10 largest. The company operates in 15 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , and Ontario, Canada under the following trade names: A&P, Waldbaum's, Food Emporium, Super Foodmart, Super Fresh, Farmer Jack, Kohl's, Sav-A-Center, Dominion, The Barn Markets, Food Basics
Food Basics is a no-frills Canadian supermarket chain created by A&P Canada to compete with the successful No Frills warehouse style supermarket operated by Loblaw. and Ultra Food & Drug. About The viaLink Company The viaLink Company (Nasdaq:VLNK) is a leading provider of subscription-based, business-to-business electronic commerce services that enable food industry participants to efficiently manage their highly complex supply chain information. viaLink's core service, syncLink(SM), allows manufacturers, wholesalers, distributors, sales agencies (food brokers), retailers and food service operators to communicate and synchronize item, price and promotion information in a more cost-effective and accessible way than has been possible using traditional electronic and paper-based methods. viaLink's additional services, which are all built on the syncLink foundation, include clearLink(SM) for item movement data, distribuLink(SM) for chain pricing data and sbtLink(SM) for scan based trading. For more information, visit viaLink's Web site: www.vialink.com. This release contains 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. that involve risks and uncertainties. The viaLink Company now resembles a development stage company, which has commenced its planned operations but is only beginning to generate significant revenue. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are the failure of viaLink's services to achieve market acceptance; the extent of viaLink's anticipated operating losses and negative cash flow; viaLink's ability to raise additional capital including the ability of the company to close the current financing; ability to sign additional customers contracts and/or retain existing customers; intense marketplace competition; rapid technological change and the possible obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. of viaLink's service; dependence on certain key personnel; viaLink's inability to protect its proprietary technology; viaLink's reliance on suppliers for the accuracy of information in its database; viaLink's ability to deliver its services in a timely and secure manner and to protect its systems and facilities from damage, interruption and failures; viaLink's ability to manage its growth effectively; risks and uncertainties related to international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. ; viaLink's dependence on one or more major customers for a large portion of its revenues; as well as other factors detailed in viaLink's filings with the Securities and Exchange Commission in the preceding months. |
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