Capital Information Systems, Inc. Accepted Into Ingram Micro's Venturetech Network.Business Editors and Technology Writers DENVER--(BUSINESS WIRE)--March 21, 1999 Capital Information Systems, Inc. (CIS Cis (sĭs), same as Kish (1.) (1) (CompuServe Information Service) See CompuServe. (2) (Card Information S ), which is in the final contract stages to be acquired by Global Connections (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Non-BB:GLCO GLCO Great Lakes Chamber Orchestra (Petoskey, MI) ) announced today that CIS has been accepted into Ingram Micro's (NYSE NYSE See: New York Stock Exchange :IM) exclusive VentureTech Network(TM). Acceptance into the program, by invitation only, is based on sales volume and technical expertise. The VentureTech Network(TM) is a membership organization for information technology (IT) systems integrators targeting the small- and midsize-business (SMB (1) (Small to Medium-sized Business) Also called "SME" (small to medium-sized enterprise), it refers to companies that are larger than the small office/home office (SOHO), but not huge. ) market. As part of the agreement, CIS will use Ingram's eStoreFront technology to fulfill customer technology requirements via the web. Ingram Micro will also assist CIS in branding strategy and strategic marketing. Additionally, Ingram Micro will provide vendor sponsored leads from national advertising programs. Andrew Marcopulos, 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 Capital Information Systems stated, "In the technology industry, companies with real business models are the ones poised for success. In the great internet land grab, companies are forgetting one thing -- customers and actual sales. With today's announcement, our current and future customers have multiple options with which to complete their technology procurement requirements. A blended sales environment of the internet and personal representation will promote effective branding of Capital Information Systems and our soon to be partner, Global Connections (GLCO). Technical expertise and services will always be needed to complete the customer experience." CIS expects to have the updated website and Ingram Micros's eStorefront technology live within 60 days. CIS's current financier, 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) Credit Corporation (NYSE:IBM), will provide the Accounts Receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying and Inventory funding necessary to complete customer transactions on a national scale. CIS currently has a $4,000,000 line of credit with IBM Credit Corporation and is on track to increase sales by thirty percent during the year 2000. About Capital Information Systems, Inc. CIS is one of the fastest-growing private companies in the nation as rated by Inc. magazine. Founded in 1992, Capital Information Systems, Inc. is an easy-to-deal-with provider of consulting services, systems integration and hardware and software procurement. CIS supports companies throughout the United States with over 100,000 technical products and a full menu of network and consulting services. CIS works with all sizes of businesses to provide customized solutions and procurement programs across the enterprise. |
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