Aris Forges Ahead With Successful eBusiness and Innovative iERM Strategy.Business Editors BELLEVUE, Wash.--(BUSINESS WIRE)--Sept. 5, 2000 Aris Corporation (Nasdaq:ARSC ARSC Arctic Region Supercomputing Center ARSC Association for Recorded Sound Collections ARSC Accounting and Review Services Committee ARSC Aircraft Repair and Supply Center (USCG) ARSC Arizona Remote Sensing Center ), a global eBusiness and Enterprise Application solutions provider, today announced that strategic initiatives are underway that focus exclusively on its consulting business. The unique thread throughout all of Aris' service offerings is interactive Enterprise Relationship Management (iERM) -- a strategy that integrates a company's infrastructure and processes to build solid, real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. relationships with customers, employees, investors, and business-to-business partners. On September 1, 2000, Aris completed the sale of a majority-share of its previously wholly-owned software subsidiary, Aris Software, Inc., to Aris' founder and former 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. , Paul Song. The sale of the software division and the divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). of Aris' European education European Education: Issues and Studies is a quarterly journal of education. Established in 1969, it presents contemporary issues and studies in European education. The journal includes articles on education policy, theory and practice. Its ISSN number is 1056-4934. operations are both measures Aris deemed necessary to focus on and grow its eBusiness consultancy. "Our eBusiness consulting division has been our cornerstone cornerstone Ceremonial building block, dated or otherwise inscribed, usually placed in an outer wall of a building to commemorate its dedication. Often the stone is hollowed out to contain newspapers, photographs, or other documents reflecting current customs, with a view to , and poses untapped opportunity for growth and expansion," said Kendall Kunz, Chief Executive Officer. "We've been ahead of the curve with solutions to strengthen customer relationships in the face of point-and-click competition. We'll continue to deliver innovative solutions and tools that strengthen enterprise relationships including employees, shareholders, and business-to-business partners." The acquisition of fine.com in 1999 provided Aris with the tools necessary to create complete eBusiness solutions that integrate both back-end and front-end applications. Aris is credited with developing the first eCommerce site for Microsoft (www.developerstore.com), and leading Fortune 500 clients, such as General Electric (www.ge.com), Amway (www.amway.com), Marriott (www.marriott.com), Nasdaq (www.nasdaq.com), and many others. Aris Corporation experienced a dramatic increase in eBusiness Consulting revenues for the second-quarter of 2000; rising from $2.7 million in the second-quarter of 1999, to $7.2 million in the second-quarter of 2000. eBusiness consulting revenues represented 53% of total consulting revenues during the second quarter of 2000. About Aris Aris Corporation delivers eBusiness and enterprise application solutions using a unique approach called interactive Enterprise Relationship Management (iERM), designed to deepen deep·en tr. & intr.v. deep·ened, deep·en·ing, deep·ens To make or become deep or deeper. deepen Verb to make or become deeper or more intense Verb 1. and cement cement, binding material used in construction and engineering, often called hydraulic cement, typically made by heating a mixture of limestone and clay until it almost fuses and then grinding it to a fine powder. a company's relationships with customers, employees, investors, and business-to-business partners. Aris has offices across the U.S. and in the United Kingdom, with over 400 employees worldwide, and is headquartered in Bellevue, WA. Statements in this press release, and elsewhere, that look forward in time or include anything other than historical information, involve risks and uncertainties that may affect the Company's actual results of operations. Statements contained in this release regarding the Company's anticipated results of operations, its eBusiness strategy, and on the Company's ability to expand its eBusiness solutions and new product releases by the Company are "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. ," as that phrase is defined by 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 by the Company are subject to certain risks, including future client demand for integrated eBusiness and IT solutions; competition from other businesses providing similar services to that of the Company; the Company's ability to successfully execute its business strategy and management and operational re-alignment of its consulting and training businesses; the Company's ability to attract, retain and motivate highly skilled eBusiness and IT professionals; its dependence upon key vendors of software technology; and issues that may arise in product development and possible decisions by third parties to delay or cancel the release of products under development. Those risks and uncertainties are discussed in more detail in the Company's periodic reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. . |
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