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CIMNET, Inc., Applied Statistics, Inc., and Advanced Systems & Designs Terminate Merger Talks.


Business Editors

ROBESONIA, Pa.--(BUSINESS WIRE)--August 3, 2000

CIMNET CIMNET Center for Information Management Network (R), Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB: CIMK) announced today that efforts to merge with Applied Statistics, Inc. ("ASI ASI,
n See Anxiety Sensitivity Index.
") and Advanced Systems & Design, Inc. have terminated.

CIMNET and ASI have, however, agreed to enter into a co-marketing arrangement and they will jointly develop, promote and market their manufacturing solutions.

Together, CIMNET and ASI will continue to offer a complete, integrated portfolio of industrial production and quality management solutions including Manufacturing Execution System

Manufacturing execution system (MES) describes a set of integrated functions within a packaged software system or it can also describe the accumulated functionality within the production management infrastructure of a manufacturing or production company.
 (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 ), factory floor management and real-time Statistical Process Control (SPC 1. (business) SPC - Statistical Process Control. Something to do with quality management.

2. (body) SPC - Software Productivity Centre.
3. (company) SPC - Software Publishing Corporation.
4.
) solutions, optimizing manufacturing processes. These capabilities are especially critical for globally competitive manufacturing enterprises implementing quality standards and eBusiness strategies.

"Our co-marketing arrangement will continue to offer CIMNET customers a tremendous amount of expertise and background in quality and SPC solutions for manufacturing. Our boards of directors came to believe that a merger of the companies would require significant expenditures of resources that both companies could put to better use in continuing their separate development and marketing programs," explained John Richardson, CIMNET 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. .

Frank Voigt, President of ASI, commented, "Although our companies will not be formally merging, we remain very enthusiastic about the synergies that our SPC products have with CIMNET. We look forward to offering our customers the total eBusiness manufacturing solution that the combination of these products provides".

CIMNET and ASI will continue to work together to develop an integrated portfolio of MES and SPC solutions. The ASI SPC solutions will integrate closely with the next generation of CIMNET MES software currently under development. This next generation of MES software will form the first configurable Web-based MES solution, assisting its customers to optimize their manufacturing processes for eBusiness.

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

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" 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 involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "anticipates" or "plans" to be uncertain and forward-looking. The forward looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
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Publication:Business Wire
Geographic Code:1USA
Date:Aug 3, 2000
Words:422
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