American Express Teams With IBM to Reduce the Cost of Technology Solutions for Small Business.NEW YORK--(BUSINESS WIRE)--Feb. 16, 1999-- Companies Offer Automatic Discounts up to 10 Percent on IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Hardware and Software to 2 Million American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Small Business Corporate Card Customers American Express Company (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. ) and International Business Machines Corporation (NYSE: IBM) today announced a marketing alliance to provide American Express small business corporate cardmembers automatic discounts of up to 10 percent on a broad range of current IBM products The following is a list of products from the International Business Machines (IBM) Corporation and its predecessor corporations, beginning in the 1890s, and spanning punched card machinery, time clocks, and typewriters, via mainframe computers and minicomputers, to microprocessors, PCs, popular with small companies. American Express and IBM also are linking their web sites and plan to integrate web site content to give small business owners the opportunity to purchase on line and access information that can help them use technology for competitive advantage. IBM products available through the program include the recently introduced IBM PC A PC made by IBM. IBM created the PC industry in 1981 when it introduced its first model with 16KB of RAM. However, it was way off in its estimates, projecting that 250,000 units would be sold in the first five years. In fact, about three million IBM PCs were sold in that period. 300GL Small Business Series, as well as Aptiva(R) desktop computers, ThinkPad(R) laptops, printers, scanners and software. American Express small business customers receive the discount by calling IBM toll-free at 877-IBM-4-AXP, and paying for their purchase with their American Express(R) Corporate Card for Small Business.(a) The discount is automatic, with no coupons to redeem, and available on every purchase. IBM is the newest company to join American Express in providing its small business customers ongoing discounts on many products and services that small firms regularly purchase. FedEx, Hertz, Hilton, Kinko's and Mobil also offer discounts through this program. "Combining IBM's premier products and customer service with the purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. and convenience of American Express will help more small firms find the technology solutions they need to compete in today's economy," said Steve Alesio, President, American Express Small Business Services. American Express has approximately 2 million small business customers, "a large portion of whom have said that receiving discounts on computer hardware and software is important to them," said Alesio. "This alliance is a response to those requests." "Our strategy has been to work with key leading companies like American Express to provide small businesses with technology expertise and affordable solutions that can help them enhance profitability and expand new business opportunities," said Peter Rowley, General Manager, IBM Global Small and Medium Business. The success of many small businesses is highly dependent on their use of technology. 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. a recent study conducted for IBM and the U.S. Chamber of Commerce The U.S. Chamber of Commerce is the world's largest not-for-profit federation of businesses, representing more than 3 million businesses and organizations in the United States. As of 2003, the chamber was comprised of 3000 state and local chambers and 830 business associations. , 96 percent of small companies own a personal computer and 90 percent of small firms say they use technology for everyday activities like accounting, finance and billing. In addition, American Express will link its Small Business Exchange web site with IBM's Business Center web site. These sites can be found at www.americanexpress.com/smallbusiness and www.ibm.com/smallbusiness. The links will provide both companies' customers with easy access to topical information, allow them to obtain greater detail about this program and other IBM products and services and then use that information to conveniently purchase on line. About American Express American Express Travel Related Services Company, Inc. is a diversified worldwide travel and financial services company founded in 1850. TRS See traffic engineering methods. TRS - term rewriting system is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of the American Express Company and is a leader in charge and credit cards, Travelers Cheques, travel, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , investment products, insurance, accounting and international banking. American Express Small Business Services provides a broad range of credit and capital products, as well as business management and travel-related services through the American Express Corporate Card. The company funds and operates the Small Business Exchange, an on-line community for entrepreneurs found at www.americanexpress.com/smallbusiness. About IBM IBM is a world leader in providing business solutions for small and medium businesses. Through its Global Small and Medium Business organization, IBM offers a host of cross-industry and industry-specific solutions designed to meet the needs of growing businesses. IBM also is the leading provider of electronic business solutions and is dedicated to helping customers and business partners leverage the potential of network computing across a wide range of business and industries. For further information visit www.ibm.com/businesscenter IBM(R), Aptiva(R), and ThinkPad(R) are registered trademarks of International Business Machines Corporation in the United States and/or other countries. (a) These discounts apply to select IBM Products. Other terms and conditions may apply. |
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