Amphire Solutions Completes NexPrise Buyout.Business Editors BOISE Boise, city, United States Boise (boi`sē, –zē), city (1990 pop. 125,738), state capital and seat of Ada co., SW Idaho, on the Boise River; inc. 1864. , Idaho--(BUSINESS WIRE)--Sept. 12, 2002 Amphire Solutions, Inc., the leading provider of Internet-based supply chain relationship management solutions for the foodservice The foodservice (or food service) industry (US English; catering industry in British English) encompasses those places, institutions, and companies responsible for any meal eaten away from home. industry, announced today the completion of its agreement to buy back the stake in Amphire owned by NexPrise (NXPS), formerly Ventro Corporation. "The change of ownership structure of our company reflects the evolution of Amphire from early stage development to aggressive growth," said Mark Barnekow, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Amphire. "With profitability in full view for Q4 2002, further industry support of our solutions is expected. Repurchasing our stock has and will create new diverse opportunities for Amphire and there will be significant announcements and new developments in the weeks and months ahead." Under the agreement, Amphire has repurchased all of its common shares owned by NexPrise. The terms of the repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. are undisclosed. About Amphire Solutions: Amphire Solutions is the leader in supply chain relationship management technologies that unify 1. (database, product) Unify - A relational database produced by Unify Corporation. 2. (algorithm) unify - To perform unification. suppliers, distributors and operators in replenishment-oriented supply chains. Amphire enables all industry trading partners to communicate and transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting electronically, regardless of protocols or standards and without the use of expensive dedicated hardware and software. Amphire has integrated over 80 suppliers and enabled 7,000 operators through 26 distributor storefronts. For more information about Amphire Solutions, please visit www.amphire.com. |
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