Allsteel Inc. Announces an Alliance with Team Systems.Business Editors MUSCATINE, Iowa--(BUSINESS WIRE)--May 30, 2001 Allsteel Inc., a HON INDUSTRIES Inc. (NYSE NYSE See: New York Stock Exchange :HNI HNI Heinz Nixdorf Institut (Germany) HNI HealthNet International HNI Hajime No Ippo (anime) HNI High Networth Individual HNI Home Network Identity HNI Havelock North Intermediate School ) subsidiary, announced today a technical alliance between Allsteel and Team Systems, developers of the popular dealer business system, TEAM-DESIGN!. Dealers carrying Allsteel office furniture products will be able to use TEAM-RELAY!, a fully EDI-compliant software package, to transmit To send data over a communications line. See transfer. their orders electronically. The system can import and format virtually every known document type including EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. , SIF and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. into Allsteel order specifications. In addition, the package allows the receiving of acknowledgements from Allsteel and performs an electronic "match" of each item and produces an exception report. "Allsteel is delighted to have TEAM-RELAY! as a connectivity option for its office furniture dealers. TEAM-RELAY! is a leading edge solution designed to promote efficient, cost-saving connectivity between Allsteel and its office furniture dealers," commented Steve Bertling, Allsteel Marketing Manager E-Business. Tammy Byrum, president of Team Systems, stated "We are excited about our most recent partnership with Allsteel. TEAM-RELAY! will allow Allsteel furniture dealers to electronically transmit orders and check acknowledgements regardless of the business system they are using". About Team Systems Team Systems has revolutionized the approach to managing dealer processes with their product, TEAM-DESIGN!, a Microsoft Windows See Windows. (operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then. (R)based dealer business system. Currently, TEAM-DESIGN! is installed in over 500 independent office furniture dealers. TEAM-DESIGN! is the world's leading software for contract furniture dealers. TEAM-DESIGN! and TEAM-RELAY! are registered trademarks of Team Systems. All other trademarks and registered trademarks are products of the companies with which they are associated. For further information contact: Team Systems, 800-989-9669, dynamic@team-design.com Allsteel is a subsidiary of HON INDUSTRIES Inc., which is the third largest office furniture manufacturer 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. . HON INDUSTRIES is also the nation's leading manufacturer and marketer of gas- and wood-burning fireplaces. HON INDUSTRIES is well positioned, with strong brand names, in fast growing segments of the core businesses in which it competes. The company provides its customers a broad selection of quality products, with quick delivery, at attractive prices. HON INDUSTRIES has a strong commitment to customer satisfaction and to enhancing shareholder value. HON INDUSTRIES was named one of the 400 Best Big Companies in America by Forbes Magazine, and one of the World's Top 100 Best-Managed Companies by IndustryWeek Magazine. Further information about HON INDUSTRIES can be found on its website at www.honi.com. 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. Statements in this news release that are not strictly historical, including statements as to plans, objectives, and future financial performance, are "forward-looking" statements that are made pursuant to 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. Forward-looking statements involve known and unknown risks, which may cause the Company's actual results in the future to differ materially from expected results, particularly those with respect to expected earnings for the remainder of the fiscal year. These risks include, among others: the Company's ability to realize financial benefits from reducing its cost structure to achieve expected financial benefit from its contract sector strategy, to introduce and obtain sales from new products; and other factors described in the Company's annual and quarterly reports filed with the Securities and Exchange Commission on Forms 10-K and 10-Q. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion