CMG Announces Acquisition of On-Demand Solutions; Adds 'Web-to-Warehouse-to-Customer' E-Commerce Capabilities.ANDOVER, Mass.--(BUSINESS WIRE)--July 7, 1998--CMG Information Services See Information Systems. , Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) ) today announced it has signed a letter of agreement to acquire On-Demand Solutions, Inc., (ODS (Operational Data Store) A database designed for queries on transactional data. An ODS is often an interim or staging area for a data warehouse, but differs in that its contents are updated in the course of business, whereas a data warehouse contains static data. ), a leading supplier of e-commerce fulfillment solutions and turn-key supply-based management services. On-Demand Solutions will become a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CMG CMG Coastal & Marine Geology (USGS) CMG Chipotle Mexican Grill, Inc. (stock symbol) CMG Companion (of the Order Of) St Michael and St George CMG Computer Measurement Group and will be integrated into SalesLink. While terms of the agreement were not disclosed, the deal is valued at approximately $7 million. "On-Demand Solutions adds a number of valuable components to our strategy of worldwide turn-key and fulfillment leadership," Richard F. Torre, SalesLink 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. , said of the acquisition agreement. "The acquisition gives us East Coast turn-key capability, and a suite of e-commerce services for both business-to-business and consumer market segments." ODS provides clients with a comprehensive, "web-to-warehouse-to-customer" e-commerce fulfillment solution designed to integrate seamlessly with existing back-end systems and data resources. Services include e-commerce Web site design, hosting and maintenance; site marketing support, online customer profiling and site statistics reporting; secure online shopping and payment functionality; credit card order processing; and a host of traditional fulfillment services, including order processing and product fulfillment, and marketing collateral Marketing collateral, in marketing and sales, is the collection of media used to support the sales of a product or service. These sales aids are intended to make the sales effort easier and more effective. manufacturing and fulfillment. ODS has partnered with AT&T WorldNet(R) Service to create its Alliance Marketing Program, offering companies the opportunity to participate in co-marketing programs with AT&T. The Company is also establishing a similar cooperative program The Cooperative Program is a unified funds collection program of the Southern Baptist Convention (SBC) designed to support SBC seminaries, mission agencies and denominational ministries. with Compaq Computer. AT&T and Compaq Computers are additions to SalesLink's impressive list of technology clients which include Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Hewlett Packard, 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) and Bose. In addition, to their technology clients, SalesLink services over 30 financial institutions. ODS has created exciting Web services targeted to professional and collegiate sports teams, and colleges and universities. The Company's SportsEdge program provides a comprehensive e-commerce solution for online marketing that converts a team's fan base into a profitable customer base. The Company's Colleges & Universities program applies the same approach to educational institutions, providing this substantial marketplace with a comprehensive and flexible e-commerce solution. "Today's e-commerce opportunity is tremendous, and providing end-to-end, turn-key solutions is essential to success in this exciting arena," David Wetherell, President and CEO of CMG, said. "On-Demand Solutions provides this important capability that our CMG and @Ventures companies can now offer to their clients. With this acquisition, we expect our fulfillment segment to meet or exceed $100 million in revenue in the next fiscal year." Wetherell noted that On-Demand Solutions has already partnered with CMG companies like NaviSite and Parable to further leverage their e-commerce synergies. Commenting on the deal, Keith Caveney, CEO of On-Demand Solutions, said, "We are very excited about working with SalesLink and the other CMG companies to provide unique solutions with our proven e-commerce back-end." About SalesLink A wholly owned subsidiary of CMG Information Services, Inc., SalesLink Corporation provides outsource supply-based management programs and fulfillment services, including manufacturing and distribution of software and marketing materials. SalesLink's commitment to service excellence extends to tracking sales results and providing clients with valuable marketing information. With offices in Boston, Chicago and Silicon Valley, SalesLink is the leading provider of mutual fund literature and data warehousing, turn-key manufacturing solutions and database fulfillment services for high technology companies nationwide. Other recent SalesLink acquisitions include InSolutions and PacificLink. About CMG Information Services CMG Information Services, Inc. (NASDAQ:CMGI) is an incubator and developer of Internet companies. In addition, CMGI operates direct marketing companies and venture funds focused on the Internet. Microsoft, Intel and Sumitomo hold minority positions in CMG Information Services. The CMG Internet Group is made up of seven majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. companies including Planet Direct, NaviSite, Engage Technologies, Accipiter, ADSmart, InfoMation, and The Password. The company's CMG @Ventures investment affiliate has significant interests in Lycos, Inc. (NASDAQ:LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ), blaxxun, Vicinity, GeoCities, Parable LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Reel.com, Planet All, KOZ, Silknet, Chemdex, Speech Machines, Softway Systems, Select Technologies, Critical Path and Mother Nature. CMG also includes CMG Direct, SalesLink and InSolutions as wholly owned subsidiaries in the direct marketing, fulfillment and turn-key arenas. Corporate headquarters is located at 100 Brickstone Square, Andover, MA 01810. Telephone: 978-684-3600. FAX: 978-684-3674. Additional information is available on the company's Web site, http://www.cmgi.com.
CONTACT: CMG Copithorne & Bellows
Mary Garrity Cormier Diane Parazin
978-684-3789 617-450-4300
mgarritycormier@cmgi.com diane.parazin@cbpr.com
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