Acacia Research Affiliate, the EC Co., Changes Name to Advanced Data Exchange (ADX) and Enters Into Strategic Partnership With TruServ Corp.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--Dec. 12, 2000 Acacia Research Corp.'s (Nasdaq:ACRI) minority-owned affiliate, The EC Co., announced it has changed its name to Advanced Data Exchange (ADX ADX Average Directional Movement Index ADX Automatic Data Exchange Adx Adrenodoxin ADX Adrenalectomized ADX Accumulation/Distribution Index ADX Air Defense Exercise ADX Administrative Maximum Facility ADX Address Cross Reference ), to better position itself in the fast growing B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. industry. ADX offers a hosted Transaction Exchange Service providing small and mid-size suppliers with a business-to-business e-commerce solution. During the past 12 months, ADX reported transaction volume grew nearly 500 percent. ADX also announced that they had entered into a strategic partnership with TruServ Corp., the leading cooperative in the hardware and home center industry, to electronically enable its mid-market supply chain. TruServ's small and mid-size suppliers can send, receive, and archive business documents, such as purchase orders, inventory updates, and invoices, as well as integrate those documents into their business applications, using the ADX B2B e-commerce solution. ADX-enabled suppliers will be able to outsource their electronic processing needs to ADX, freeing them to focus on their core business. Additionally, TruServ will decrease procurement costs by reducing the cost it incurs processing paper documents from suppliers. Acacia Research Corp. owns a 5.2 percent interest in ADX. About Acacia Research Corp. Acacia Research develops and operates life science and enabling technology companies. The company's core technology opportunity has been developed through its subsidiary, CombiMatrix Corp. Acacia Research intends to build and acquire companies in the life science and material science fields that will utilize CombiMatrix's biochip biochip Small-scale device, analogous to an integrated circuit, constructed of or used to analyze organic molecules associated with living organisms. One type of theoretical biochip is a small device constructed of large organic molecules, such as proteins, and capable of technology. Acacia Research's Web site is located at www.acaciaresearch.com. About ADX ADX offers a business-to-business Internet Transaction Exchange Service that provides e-commerce solutions for mid-size suppliers. The company's hosted Internet service enables trading relationships within and across communities. The combined offering is a hosted Internet-based electronic transaction exchange that manages and translates data standards seamlessly and effortlessly at a fraction of the cost of non-Internet- based solutions. ADX has strategic business alliances with Ariba, webMethods, and VerticalNet, and has partnered with over 150 industry leading companies, including Ace Hardware, Distribution America, Do It Best, Food Lion, Pacific Gas and Electric Company
The Pacific Gas and Electric Company (PG&E) , (NYSE: PCG), is the utility that provides natural gas and electricity to most of Northern California. , and Newark Electronics. The community of buyers available on the ADX network includes the previously mentioned partners, as well as TruServ, Rite Aid, 3M, Costco, General Mills, Grainger, and others. ADX is backed by American Express (NYSE NYSE See: New York Stock Exchange :AXP The brand name Digital gave to its first family of Alpha-based computers. In 1998, Digital was acquired by Compaq. See Alpha. ), CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) @Ventures, webMethods (Nasdaq:WEBM WEBM webMethods Inc. (stock abbreviation, AMEX) ), Acacia Research (Nasdaq:ACRI) and several venture firms, including Talkot Capital, Wasserstein Adelson Ventures, Invemed Assoc., and iCentennial Investments. For more information, ADX can be contacted at 510/493-5000 or www.adx.com. This release contains forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements address future events and conditions concerning the company's business plans. Such statements are subject to a number of factors and uncertainties, such as future economic conditions, changes in consumer demand, and legislative, regulatory and competitive developments. Acacia Research urges investors to review in detail the risks and uncertainties disclosed in the company's filings under the Securities Exchange Act of 1934, as amended, including, but not limited to the company's 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 year ended Dec. 31, 1999, as amended, the company's quarterly reports on Form 10-Q, and the company's Registration Statement on Form S-3/A filed on Oct. 16, 2000, copies of which can be obtained from the company or the Securities and Exchange Commission. The company expressly disclaims any future obligation or undertaking to update or revise any forward-looking statement contained herein. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion