Beyond.com, ITC Awarded $1.7 Million Government Contract for Digital Delivery of Software; Third Department of Treasury Contract for Beyond.com and ITC.SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 15, 1999-- Internet software superstore Beyond.com(TM) (Nasdaq:BYND) and Intellisys Technology Corporation (ITC ITC (Brit) n abbr (= Independent Television Commission) → Fernseh-Aufsichtsgremium ITC n abbr (BRIT) (= Independent Television Commission) → ) of Fairfax, Va., have been awarded a five-year, $1.7 million contract by the Bureau of Engraving and Printing Noun 1. Bureau of Engraving and Printing - the agency of the Treasury Department that produces currency Department of the Treasury, Treasury Department, United States Treasury, Treasury - the federal department that collects revenue and administers federal for the electronic delivery and maintenance of Microsoft software to approximately 1,300 desktop computers within the Bureau of Engraving and Printing. The agreement covers licenses for Microsoft's Windows NT Server, Windows NT Workstation, Office Professional, Project Exchange Server 5.5 and other BackOffice software, along with additional products, for Bureau of Engraving employees. The new contract continues to strengthen the relationship Beyond.com and ITC have established with the Department of Treasury. This is the third contract awarded to the two companies within 5 months, following a $120 million contract with the Internal Revenue Service (IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. ) in June of 1999, and a $4.5 million contract with the Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (or OCC) was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States. announced last week. Beyond.com also provides software electronically to the Defense Logistics Agency Noun 1. Defense Logistics Agency - a logistics combat support agency in the Department of Defense; provides worldwide support for military missions Defense Department, Department of Defense, DoD, United States Department of Defense, Defense - the federal department (DLA DLA dog leukocyte antigen. ), National Imagery and Mapping Agency (NIMA NIMA National Imagery and Mapping Agency (now National Geospatial-Intelligence Agency; US government) NIMA never in mitosis gene a (molecular biology) NIMA North Idaho Mycological Association ) and the Patent and Trademark Office (PTO PTO abbr. 1. Parent Teacher Organization 2. or p.t.o. please turn over 3. power takeoff PTO or pto please turn over Noun 1. ), a division of the Department of Commerce. "The Bureau of Engraving and Printing contract is further confirmation of the value of Beyond.com's digital download and software management capabilities in the enterprise arena, said Steven Cooker, vice president of government sales for Beyond.com. "We are pleased to help facilitate the government's progress toward standardizing the delivery of all software, via digital downloading, and hence help reduce the total cost of software ownership for the government." "It is our mission to understand and address the vast technological challenges our customers are faced with in today's rapidly-changing digital market. One way ITC accomplishes this objective is by creating new methods for responding to the federal government's Internet and e-commerce needs," explained ITC President and Chief Executive Officer Steve Baldwin. "It is ITC's goal to partner with industry leaders in the software enterprise arena, and we are proud to know our commitment and customer dedication is truly making a difference." The contract allows the Bureau of Engraving and Printing to utilize Beyond.com's Electronic Download Manager (EDM (Engineering Data Management) An information system that maintains the details of all engineering data while the product is in the design and concept phase. This includes geometry and changes to geometry. See PLM. EDM - Electronic Data Management ) technology to distribute, manage and support products across the Internet to their various sites. EDM is a proprietary service developed by Beyond.com to ease the deployment, management and maintenance of software throughout government agencies and large enterprises. Under terms of the contract, the Bureau of Engraving will also be able to use Beyond.com as its Web-based store for the electronic purchase of additional Microsoft products. About Beyond.com Beyond.com provides commercial, off-the-shelf software and related products and services to the government, enterprise, corporate and consumer markets. Visitors to the company's online store http://www.beyond.com/ enjoy an expansive selection of software backed by customer service and competitive pricing. Beyond.com offers more than 1.6 million software and other digital products, including software stock-keeping units (SKUs) for online purchase from such major publishers as Adobe Systems Inc., IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corp., Lotus Development Corp., Microsoft Corp., Network Associates Inc., Sun Microsystems Inc. and Symantec Corp; hardware; computing devices; and digital images in different file formats, including jpeg, gif and mpf through a strategic marketing alliance with IMSI IMSI International Mobile Subscriber Identity IMSI International Microcomputer Software, Inc. IMSI International Mobile Station Identity (now International Mobile Subscriber Identity) IMSI Idaho Maximum Security Institution . The company has established strategic marketing alliances with America Online Inc., CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. Inc., Compaq Computer Corp., Excite@Home, Road Runner/ServiceCo, Yahoo! Inc. and ZDNet. Additionally, Beyond.com offers e-commerce solutions such as site design and construction, site operation, including transaction processing, physical and electronic order fulfillment, customer support, marketing, and merchandising support and reporting to software publishers, hardware manufacturers and systems OEMs. Customers include Autodesk, Executive Software Inc., McAfee.com Inc., Symantec Corp., Systran Software Inc. Palm Computing, Compaq Computer and HP Shopping Village (a subsidiary of Hewlett Packard). The company has applied for federal registration of the marks BEYOND.COM and BEYOND DOT COM. Beyond.com Corporation trades on the Nasdaq National Market under the symbol ("BYND"). More information on the company can be found in the company's filings with the Securities and Exchange Commission ("SEC"). About ITC Founded in 1983, ITC is at the forefront of government e-commerce applications and provides Enterprise Technology services and products to organizations throughout the government. ITC was recently selected as one of two contractors to prime the three-year, $300-million U.S. Army Personal Computer - 3 (PC-3) contract. ITC has experienced exceptional growth since 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. Steve Baldwin and his management team joined the company last year. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Certain statements in this press release are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This includes statements relating to expectations about government trends in using electronic software download and Beyond.com's agreement with the Bureau of Engraving for electronic delivery, maintenance and technical support of Microsoft software products. The Government is obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. only to the extent of authorized purchases actually made under the contract. Such statements are subject to substantial risks and uncertainties, including the risk that the contract is terminated prematurely and that the government ceases to procure software through electronic delivery. Beyond.com's business is subject to risks including reductions in or cancellations of customer orders, changes in relationships with software suppliers, changes in relationships with strategic partners, changes in the product mix sold by the company, competition from other online software resellers or publishers, inability to raise sufficient capital on satisfactory terms, or at all, and other factors described in the company's filings with the SEC. |
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