Base Ten Announces Launch of New Business Initiative.Business Editors/Health & Medical Writers TRENTON, N.J.--(BW HealthWire)--August 22, 2000 Base Ten Systems, Inc. (NasdaqSC:BASEA BASEA Boston Area Solar Energy Association ) today announced the launch of a new business initiative, presented at the annual shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. held on June 14, 2000. Base Ten plans to offer a portal for the clinical supplies industry through its wholly-owned subsidiary, Activ Netsciences, Inc. Activ Netsciences plans to provide online access to validated business and scientific software solutions for this specialized and growing sector, initially focusing on labeling and distribution. Base Ten believes that the clinical supplies industry represents a significant opportunity for web-based business applications. The industry can now enjoy a low cost alternative to buying software, eliminating the costs associated with installing, maintaining and validating a purchased package. ARC Advisory Group (www.arcweb.com), a leader in strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and technology assessment services, recently estimated that the overall market for offering software as a service, rather than as a product, will soar SOAR - 1. State, Operator And Result. A general problem-solving production system architecture, intended as a model of human intelligence. Developed by A. Newell in the early 1980s. SOAR was originally implemented in Lisp and OPS5 and is currently implemented in Common Lisp. from $295 million to over $8 billion by 2005. Activ Netsciences's portal will provide web-based access to BASE10 CLS (Common Language Specification) The structure and syntax of .NET and CLI programming languages. See .NET. (formerly ADLS ADLS Auckland District Law Society (New Zealand) ADLS Advanced Disaster Life Support ADLS Aeronautical Data Link System ADLS Activities of Daily Living Skills (developmental disabilities) (R)), the industry-leading validated application for labeling. Payment will be on a "per use" basis. The portal is designed to provide an enhanced user experience by offering comprehensive online help. The site will also provide clinical industry news, and it is expected to serve as a platform for distribution management and a fully integrated web-based fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. service in the months ahead. Commented Stephen Cloughley, President & 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 Base Ten, "We believe that in one bold move, Activ Netsciences allows global access to the industry's leading clinical labeling system online, while minimizing validation and IT support costs. The concept has received the imprimatur of some of the leading pharmaceutical companies, allowing Base Ten to leverage software assets that are already developed and proven. Our research indicates that there are tens of millions of labels generated annually in this sector, and that the number is growing. We are confident that the combination of a sizeable under-served market, a high barrier to entry and a low incremental cost Incremental Cost The encompassing change that a company experiences within its balance sheet due to one additional unit of production. Notes: Incremental cost is the overall change that a company experiences by producing one additional unit of good. represents a compelling opportunity for the Company." The portal is expected to enter prototype testing next month, and current plans call for the site to go live during the fourth quarter of fiscal 2000. Base Ten does not expect that web-based access to CLS will be required for the entire market; therefore online access will be offered as a complement to purchasing CLS, and not as a replacement. The Company intends to continue to market and sell its MES (Manufacturing Execution Software) Software that provides real time access to plant activities that include equipment, labor, orders and inventory. An MES integrates the data with enterprise resource planning (ERP) systems so that management has complete control of solutions through Base Ten. About Base Ten Base Ten Systems is a software technology development company focused on manufacturing execution and clinical supply systems and services for the pharmaceutical, chemicals and medical products industries. Through installation of Base Ten software, Base Ten's customers around the world can enjoy more cost-effective regulatory compliance, improved manufacturing flexibility and reduced production cycle time. Base Ten solutions are readily integrated with complementary software products, as manufacturers consolidate their operations within global supply chain processes. Learn more about Base Ten Systems by visiting its web site at www.base10.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. Regarding Base Ten The foregoing contains "forward-looking information" within the meaning 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. Such forward-looking statements may be identified by such forward-looking terminology as "may," "will," "believe," "anticipate," "expect," or similar words or variations thereof. Such forward-looking statements involve certain significant risks and uncertainties. Important factors that Base Ten believes may cause actual results to differ materially from such forward-looking statements are discussed in the "Risk Factors," "Business" and "MD&A" sections of Base Ten's current S-3 registration statements and annual and quarterly reports on file with the Securities and Exchange Commission. Additional risk factors include the effectiveness of software and the ability of software to operate without "bugs" in the technology and acceptance of the release by customers and actual rollout. In assessing such forward-looking statements, investors are urged to read carefully those reports and other filings. Base Ten does not undertake to publicly update or revise its forward-looking statements, even if experience or future changes indicate that any such results or event (expressed or implied) will not be realized. |
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