Cascade Systems Forms Strategic Alliance with Breakaway Solutions to Offer Digital Asset Management on the Web.Business/Technology Editors ACTON, Mass.--(BUSINESS WIRE)--Dec. 20, 1999 Cascade Systems and Breakaway Solutions combine forces to build powerful e-business solutions. Cascade Systems Inc., the leading developer of innovative e-merchandising solutions, and Breakaway Solutions, 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 : BWAY BWAY Breakaway Solutions (stock symbol) ), a leading Full Service Provider (FSP FSP - File Service Protocol ) that offers integrated strategy, e-business, and application hosting solutions for growing enterprises, announced today an agreement that enables Cascade to offer its Merchant Publishing and Media Publishing solutions through Breakaway Solutions' Internet database management and administration services. The first customer to benefit from this agreement is Metro Creative Graphics of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Metro Creative Graphics provides publishers with revenue-generating concepts including ready-to-use spec ads, advertising campaigns, layouts, graphic illustrations, photographs, marketing programs and sales opportunities. The combination of Cascade's MediaSphere media asset management system and Breakaway Solutions' ASP services will enable Metro Creative Graphics to offer their customers online access to Metro's vast database, where they can perform a simple search to locate and download images, spec ads or editorial features. "Cascade Systems and Breakaway Solutions will allow us to move our services from print and CD to the Internet. This is an excellent opportunity for Metro Creative Graphics to provide an e-commerce solution and enhance the services we can offer our customers," said Rob Zimmerman, president and chief executive officer of Metro Creative Graphics. "Cascade Systems and Breakaway Solutions are truly adding value to our product offering." "We continue to forge new strategic partnerships and strengthen our position as the leader in e-merchandising and Internet enabled asset management solutions," said Robert Angelo, president and chief executive officer of Cascade Systems. "The combination of Breakaway Solutions' application hosting services and Cascade's e-Merchandising solutions, provides customers like Metro Creative Graphics with a robust digital asset management capability through the convenience of the Internet." "Metro Creative Graphics will be the first of many customers who will be able to achieve significant benefits with our combined solution," said Dev Ittycheria, vice president and general manager of Breakaway Solutions' ASP business unit. "Together, Cascade and Breakaway Solutions can provide a unique, value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. to customers in a wide range of vertical markets. The ability to manage digital assets through the Internet has widespread appeal." Cascade's e-Merchandising and digital asset management solutions enable businesses to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. their brands and target promotions to customers across Web, print and email. About Cascade Systems Inc. Cascade Systems Inc. is the leading provider of e-Merchandising solutions. Cascade utilizes advanced merchandising, digital asset management and profiling tools enabling businesses to create targeted advertising campaigns and personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. promotions for Web, print and email. Cascade's customers include CDW CDW - data warehouse , Circuit City, The Wall Street Journal, London Drugs London Drugs is a large chain of Canadian retail stores that provides a wide range of products and health services. The store carries a range of merchandise from personal care products to electronics and computers. , Associated Newspapers, Val-Pak Coupons, and Channel 4 London. For more information in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. call 978/795-7000 or, in the UK call +44 1442 411 200, or visit our Web site at www.cascadenet.com. About Breakaway Solutions, Inc. Breakaway Solutions, Inc. (NASDAQ: BWAY), is a Full Service Provider (FSP) of e-business solutions that allow growing enterprises to capitalize on the power of the Internet to reach and support customers and markets. Breakaway Solutions offers strategy, e-business and application hosting solutions optimized for emerging enterprise clients. Headquartered in Boston, Mass., Breakaway Solutions has seven regional offices and four Internet solutions centers in the U.S., along with 10 application hosting facilities in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Asia and Australia. Breakaway Solutions can be reached at 617-960-3400 or at http://www.breakaway.com. Except for the historical information contained in this announcement, the matters discussed in this announcement are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " (as that term is used in 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) that involve risks and uncertainties, including risks of business change, product acceptance and customer demand, and growth management detailed from time-to-time in Breakaway Solutions, Inc.'s filings with the Securities and Exchange Commission. Breakaway Solutions, Inc. draws the reader's attention to the factors described in its Quarterly Report on Form 10-Q/A for the Period Ended September 30, 1999 under the heading "Factors That May Affect Future Results." Any such forward-looking statements speak only as of the date such statements are made, and the company undertakes no obligation to publicly release the results of any revision to these forward-looking statements or otherwise update or supplement this announcement or the risk factors contained herein. |
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