Beyond.com and ITC Expand U.S. Department of Treasury Agreements by 1,300 Desktops.Business Editors SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--March 20, 2000 Agreement To Digitally Distribute Microsoft Software to the Office of Thrift Supervision The Office of Thrift Supervision (OTS) was established as a bureau of the Treasury Department in August 1989 as part of a major Reorganization Plan of the thrift regulatory structure mandated by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) (12 U.S.C.A. Marks Fourth Deal in Nine Months With ITC ITC (Brit) n abbr (= Independent Television Commission) → Fernseh-Aufsichtsgremium ITC n abbr (BRIT) (= Independent Television Commission) → and Beyond.com E-commerce services provider Beyond.com(TM) (Nasdaq: "BYND") and Intellisys Technology Corporation (ITC) of Fairfax, Va., have partnered to electronically deliver Microsoft software to the Office of Thrift Supervision (OTS See Office of Thrift Supervision. ), a bureau of the Department of Treasury. Under terms of the agreement, Beyond.com will electronically deliver Microsoft software and updates to approximately 1,300 desktop and server computers within the Office of Thrift Supervision. "The digital download "Our mission is to provide valuable solutions to the complex technological challenges facing our customers in today's rapidly-changing digital market," explained ITC President and Chief Executive Officer Steve Baldwin. "This award is proof that ITC and Beyond.com are accomplishing this objective with efficient methods for responding to the federal government's Internet and e-commerce needs." The agreement allows the Office of Thrift Supervision to utilize Beyond.com's Electronic Download Manager (1) A function within a larger program that manages file transfers from a remote device to the user. (2) A utility that replaces the native download function in a Web browser. (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. 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 Office of Thrift Supervision employees. Under terms of the contract with ITC, the OTS will also be able to use Beyond.com as its Web-based store for the electronic purchase of additional Microsoft products. The new agreement continues to strengthen the relationship Beyond.com and ITC have established with the Department of Treasury. Most notably, the two companies signed a $120 million agreement 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. Beyond.com also provides digitally downloadable software 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. About Beyond.com Beyond.com is an e-commerce services provider that builds and manages Web stores for businesses and sells software and computer related products to the government, corporate and consumer markets. The company's eStore division allows software publishers, hardware manufacturers and systems OEMs to launch a full-featured e-commerce store in a few weeks. Businesses can choose from an array of offerings, including website design and construction, transaction processing, physical and electronic order fulfillment, customer support, marketing, and merchandising support and reporting. Customers include CADopia.com, Compaq Computer, Executive Software Inc., HP Shopping Village (a subsidiary of Hewlett Packard), Intelligolf, McAfee.com Inc., Palm Computing, Symantec Corp., Systran Software Inc., Telex and Trend Micro. Beyond.com's government division provides digitally downloadable software and related services to a growing list of government agencies, including the Department of Treasury, Defense Logistics Agency (DLA), National Imagery and Mapping Agency (NIMA) and Patent and Trademark Office (PTO), a division of the Department of Commerce. Beyond.com also operates its own online store (http://www.beyond.com/), where customers can find an expansive selection of software and computer related products. 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 Office of Thrift Supervision 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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