Base Ten Re-aligns Its Business Focus.Business Editors/Health & Medical Writers TRENTON, N.J.--(BW HealthWire)--March 31, 2000 Base Ten Systems, Inc. (NasdaqSC: BASEA BASEA Boston Area Solar Energy Association ) announced today that it intends to undertake a strategic shift in focus to boost its overall market presence in the FDA-regulated industries, and to set the stage for a web-based strategy. The company will realign re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. its focus to three main activities: enhanced customer satisfaction, harmonized har·mo·nize v. har·mo·nized, har·mo·niz·ing, har·mo·niz·es v.tr. 1. To bring or come into agreement or harmony. See Synonyms at agree. 2. Music To provide harmony for (a melody). marketing of additional software products, and new technologies. 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, "In the 2-3 months that have elapsed e·lapse intr.v. e·lapsed, e·laps·ing, e·laps·es To slip by; pass: Weeks elapsed before we could start renovating. n. since our reorganization at the end of 1999, we have been carefully reviewing resource deployment. As a result of this review, management has decided to make the BASE 10(R) ME/CS Version 3.2 products available on a limited release basis only, and that a formal release will not be issued. We intend to assign our valuable resources to customer satisfaction and to the introduction of newer technologies, rather than to continue extending BASE10(R) ME/CS. The 3.2 release had been designed to handle both dock-to-dock large-scale pharmaceutical manufacturing and sophisticated clinical inventory and packaging control. Considering some of the other proven products in our armory, management believes that it is in the best interests of the company for us to redistribute re·dis·trib·ute tr.v. re·dis·trib·ut·ed, re·dis·trib·ut·ing, re·dis·trib·utes To distribute again in a different way; reallocate. our resources to activities which are more customer focused and, at the same time, future-ready." ENHANCED CUSTOMER SATISFACTION Many of Base Ten's customers, including those who have deployed the original PHARMASYST(R) and PHARM PHARM Pharmacy 2(TM) products, can improve their return through some dedicated attention from key Base Ten technologists. The company has initiated a program to provide additional resources to these projects, to ensure a higher level of success and to provide a stronger platform for growing the customer relationship beyond its current scope. ADDITIONAL SOFTWARE PRODUCTS In commercial manufacturing, BASE10(R) FS and BASE10(R) ME Version 2.3 continue to provide an incredibly powerful 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 solution. These products are proven in the field, and FS alone probably represents the most widely used MES in the industry based on user seats and applications. Just this month, a major manufacturer of pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. vaccines went live with BASE10(R) FS, underlining un·der·lin·ing n. 1. The act of drawing a line under; underscoring. 2. Emphasis or stress, as in instruction or argument. its power in handling complex and large volume batch record processes. With new releases on the horizon, BASE10(R) FS represents an opportunity to bridge significant application functionality with emerging web-based technology, and Base Ten intends to allocate To reserve a resource such as memory or disk. See memory allocation. more of its resources to promoting this valuable and proven solution. In the clinical market, we recently released what we believe is a truly innovative solution for "Just In Time" clinical supplies distribution. Version 2.0 of ADMS ADMS Administrator ADMS American Donkey and Mule Society (Lewisville, Texas) ADMS Archived Data Management System (transportation) ADMS Access Device Messaging Specification was shipped to our reference customer last month, and it will soon be available for review in live operation at their state-of-the-art clinical packaging facility. We believe that this product, particularly in combination with the industry-proven 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) offering, provides our clinical customers with the ideal platform for a comprehensive clinical supply chain solution. NEW TECHNOLOGY As the FDA-regulated industries move into the web domain, Base Ten intends to explore introducing web-based offerings, to integrate manufacturing into the global supply chain. The company is undertaking a careful review of a migration path for all products to this newer domain to ensure that our customers, who are our first responsibility, have a way of moving forward with Base Ten at a time that's right for them. Finally, Mr. Cloughley added "This shift lays the groundwork for Base Ten's transition into the web environment, without losing sight of the strong support that we can garner through enhanced customer satisfaction. I believe that Base Ten's laser-like focus on the FDA-regulated market will enable us to leverage our current domain expertise, providing true business transformation for this exciting market." 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 Systems 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 the company'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. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion