BABYSTAR ANNOUNCES AGREEMENT WITH OKIDATA.WESTWOOD, Mass.--(BUSINESS WIRE)--August 16, 1995)--Babystar, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DATA), DATAU, DATAW) today announced that DataTrend, Inc., the company's 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. has entered into an agreement with OKIDATA a division of OKI America, Inc. under which DataTrend will purchase certain inventory from OKIDATA for remarketing by DataTrend. Under the terms of the returns management agreement, DataTrend will handle all aspects of processing product returns, inbound in·bound 1 adj. Bound inward; incoming: inbound commuter traffic. Adj. 1. inbound audit, product reconditioning, warehousing and remarketing of undesignated quantities of products being returns to OKIDATA's printer division. Mark Hanson This article is about the Lutheran bishop. For the Islamic scholar formerly named Mark Hanson see Hamza Yusuf Mark S. Hanson (1946- ) is currently the Presiding Bishop of the Evangelical Lutheran Church in America, having been elected in 2001 and reelected in 2007. , 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 Babystar/Data Trend stated, "the computer industry experiences approximately 5 - 15% returns on all products shipped. These returns result from, among other reasons; buyer's remorse Definition Buyer's remorse is an emotional condition whereby a person feels remorse or regret after a purchase. It is frequently associated with the purchase of higher value items such as property, cars, computers, jewelry, etc. ; stock balancing; end of life discontinuance Cessation; ending; giving up. The discontinuance of a lawsuit, also known as a dismissal or a non-suit, is the voluntary or involuntary termination of an action. DISCONTINUANCE, pleading. A chasm or interruption in the pleading. 2. ; shipping damage and simple production excess. DataTrend and OKIDATA's printer division have worked closely over the last six months to pioneer a new controlled approach to returns management. We believe that this agreement will result in a `win-win-win' for OKIDATA, DataTrend and the ultimate retail customer. DataTrend has already remarketed several thousand refurbished printers for OKIDATA. Hanson added "this agreement marks a strategic shift in the company's purchasing strategy. We have been focusing our recent efforts toward building relationships with several large manufacturers of computer and peripherals and hope to enter into similar type agreements with other manufacturers. Our ultimate success will be largely dependent upon our ability to process and remarket these product returns efficiently and profitably." DataTrend is engaged in the business of purchasing and selling both new and used personal computers, peripheral components and accessories from well known manufacturers. CONTACT: DataTrend, Inc. Yitz Grossman, 212/964-4600 Helen Vess, 617/326-4100, x223 |
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