Accuship.com Forms Alliance With Private Business, Inc. to Offer Enterprise Shipping Solution to Small Businesses.Business Editors & High-Tech Writers GERMANTOWN, Tenn.--(BUSINESS WIRE)--Sept. 20, 2000 Accuship.com, the world's leading Web-enabled enterprise shipping solution, today announced the formation of an agreement with Private Business, Inc. (Nasdaq:PBIZ). Private Business will feature Accuship.com's shipping and logistics solution as the primary shipping resource on its business-to-business portal, BusinessManager.com. Through the integrated Accuship solution featured under the "shipping" tab on BusinessManager.com, business owners can access comprehensive price comparisons across multiple carriers on a per-package basis, while managing all areas of shipping, tracking, auditing and reporting. By selecting from multiple carriers, businesses can determine the most efficient and cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. delivery method available and track delivery by sender, recipient or tracking number. In addition, they will have access to Accuship.com's data mining capabilities, which can assist them in analyzing past shipping activity for future budgets. "This partnership provides Accuship.com with access to a new category of business customer than we have had traditionally, and complements well our existing direct sales effort to Fortune 1000 companies," said Mason Kauffman, chief executive officer of Accuship.com. "Through the BusinessManager.com portal, we gain access to more than 2,000 small businesses who already use the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the for electronic commerce. This is a great audience, and we believe our shipping and logistics solution can help those businesses to operate more efficiently and effectively on the shipping side, helping them to increase profit margins." BusinessManager.com primarily markets Business Manager-branded products and services, including the company's principal product, an accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying funding program. Private Business, Inc. is a national leader in technology-driven solutions for small business accounts receivable funding, and all business customers utilizing the electronic commerce component of the accounts receivable funding product go through BusinessManager.com to transmit data on a daily basis. "Accuship.com's integrated shipping solution can be a great help to the more than 2,000 electronic commerce customers who depend on BusinessManager.com for daily business solutions," said Kevin McNamara Kevin McNamara may refer to:
About Private Business, Inc. Private Business, Inc. (Nasdaq:PBIZ), based in Brentwood, Tenn., is a leading provider of technology-driven solutions that help banks manage accounts receivable financing Accounts Receivable Financing A type of asset-financing arrangement in which a company uses its receivables - which is money owed by customers - as collateral in a financing agreement. The company receives an amount that is equal to a reduced value of the receivables pledged. for small businesses. The company's principal product, the Business Manager(R)Accounts Receivable Program, is based on software, marketing services, and online electronic transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . A nationwide network of 1,200 client banks use the program to provide cash flow to thousands of small businesses across the U.S. by enabling them to sell their receivables Receivables An asset designation applicable to all debts, unsettled transactions or other monetary obligations owed to a company by its debtors or customers. Receivables are recorded by a company's accountants and reported on the balance sheet, and they and include all debts owed to the bank. All businesses currently utilizing the company's Business Manager electronic commerce solution go through www.BusinessManager.com. For more information about Private Business, Inc., please visit www.PrivateBusiness.com. About Accuship.com Accuship.com provides an enterprise-wide shipping application via the Internet. It is the only company offering a multi-carrier business-to-business solution that integrates shipping, tracking, auditing and reporting capabilities to optimize optimize - optimisation the entire shipping process from carrier selection through online bill presentment and payment See EBPP. . Based in Germantown, Tenn., Accuship.com provides services to Fortune 1000 companies enabling improved efficiency of shipping operations and the realization of substantial cost savings through the use of their information utility application. Customers include: The Coca-Cola Company, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , Verizon, The Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. , Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box , Sprint and eToys. For more information, visit the company's Web site at www.Accuship.com. This release contains several "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. " concerning Private Business, Inc.'s operations, prospects, strategies and financial condition, including its future economic performance, intent, plans and objectives, and the likelihood of success in developing and expanding its business. These statements are based upon a number of assumptions and estimates which are subject to significant uncertainties, many of which are beyond Private Business, Inc.'s control. Words such as "may," "would," "could," "will," "expect," "anticipate," "believe," "intend," "plan," and "estimate" are meant to identify such forward-looking statements. Actual results may differ materially from those expressed or implied by such forward-looking statements. The Company assumes no obligation to update this information. Factors that could cause actual results to differ materially are discussed in Private Business, Inc.'s filings with the Securities and Exchange Commission, including its 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 December 31, 1999, and include, among other factors, the timely development and market acceptance of products and technologies and competitive market conditions. |
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