ARI to Provide $1 Million in Electronic Commerce Services to the Specialty Chemical Industry; Pact with Bayer Corporation Expands Specialty Chemicals Business Network.MILWAUKEE--(BUSINESS WIRE)--June 16, 1995--ARI Network Services, Inc. (NASDAQ/NMS:ARIS ARIS American Religious Identification Survey ARIS Architecture of Integrated Information Systems ARIS Active Rack Isolation System ARIS Aggregate Route-based IP Switching ARIS Agentia Romana pentru Investitii Straine ) today announced it was awarded a contract to provide business-to-business electronic commerce services to the Agriculture Division of Bayer Corporation, a leading producer of products for the specialty chemical A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. industry. Under terms of the agreement, ARI ARI Acute respiratory infection, see there will provide consulting, computer network, database 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 to streamline Bayer's commercial relationships with some 60 distributors of turf, ornamental, and pest control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n products in the U.S. The initial ARI services (company) ARI Service - The trading name of the remnants of AST Research, Inc.. ARI Services is a wholly owned subsidiary of Samsung Electronics Co. Ltd., of Seoul, Korea. They no longer manufacture or distribute computer hardware, but they continue to provide worldwide technical will enable Bayer to track sales, product movements and product receipts throughout the channel of distribution on a daily basis. The Bayer contract is structured in 2-year, automatically renewable segments. ARI estimates the full package of services could generate approximately $1.0 million in the first contract period. "The agreement with Bayer solidifies our effort to build a shared network service to streamline business processes in the specialty chemicals sector," 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. Pat Bergamasco, ARI Vice President of Sales and Marketing. "This service allows industry participants to reduce inventories, increase marketing and promotion efficiency and generally improve productivity in the distribution channel," Bergamasco said. "ARI expects the Bayer agreement to create additional interest from several other manufacturers in the specialty chemicals industry." Bayer Corporation and Rhone-Poulenc had previously contracted with ARI to develop the software and database services to support this electronic commerce initiative in the specialty chemicals industry. ARI operates a data base with unique identifiers With reference to a given (possibly implicit) set of objects, a unique identifier is any identifier which is guaranteed to be unique among all identifiers used for those objects and for a specific purpose. for all products, trading partners and physical distribution points. All participants will add their trading partners and products to this industry database which provides the common symbology sym·bol·o·gy n. 1. The study or interpretation of symbols or symbolism. 2. The use of symbols. symbology 1. the study and interpretation of symbols. Also called symbolism. for all constituents to do business with one another. "ARI has proven to be a valuable consultant and a reliable network services vendor and we are pleased to be working with them on this important industry project," stated Scott Welge of Specialty Chemicals for Bayer. "Accurate daily information on product movements will save time and money and serve as an invaluable tool to match product supply with customer need and improve overall client satisfaction." The $2.5 billion U.S. specialty chemical industry includes some 23 manufacturers and 200 distributors of products for the control of weeds and pests in the turf and ornamental, structural pest control, vegetation management and homeowner markets. ARI is a leading provider of software, computer network, database and support services designed to streamline channels of distribution by automating the flow of commercial information between trading partners. ARI also provides electronic commerce services to selected other industries including agricultural chemicals, farm and outdoor power equipment, animal health products and the rail transportation industry. CONTACT: ARI Pat Bergamasco, 414/283-4585 or Miller Communications Cheryl Delgreco/Simon Eastwick, 617/536-0470 cdelgreco@millercom.com seastwick@millercom.com |
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