ClickShip Direct, Inc. Bolsters Returns Processing Capability; Expanded Facility, New Returns Line Increases Processing Capacity.Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com MINNEAPOLIS--(BUSINESS WIRE)--Dec. 6, 2000 ClickShip Direct, Inc., an order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment and customer care services provider and subsidiary of DAMARK International, Inc. (Nasdaq:DMRK), today announced it has moved and expanded its merchandise returns processing line, significantly boosting the company's product return receipt capabilities. The move and expansion follows the completion of a 312,000 square-foot addition to its fulfillment center in Brooklyn Park Brooklyn Park, city (1990 pop. 56,381), Hennepin co., SE Minn., a suburb of Minneapolis; chartered as a city 1969. Manufacturing includes machinery, wood and metal products, tools, feeders, and medical and pharmaceutical supplies. , Minn., nearly doubling the facility's capacity. ClickShip Direct's new returns processing line features 1,400 feet of conveyor lines and can process 15,000 returns per day. "Our newly expanded returns facility significantly increases our ability to support multiple clients, product dispositions and multiple return-to-vendor ship points," said Mark A. Cohn, founder and chief executive officer of DAMARK International, Inc., and chairman and chief executive officer of ClickShip Direct, Inc. "We are now perfectly positioned to meet the needs of existing and future clients, market our experience in returns processing as a stand-alone service offering, and become an industry leader." ClickShip Direct's return capabilities include: -- 24-hour processing of return receipt to include a refund or reship transaction to the customer -- Bar-coding incoming units and transaction scanning -- Radio Frequency processes -- Client reporting as to reason for a return -- System disposition decision matrix which maximizes client's capital recovery -- Multiple disposition and return-to-vendor ship point capability -- Vendor consolidation returns process -- Security processing and storage (high-dollar or smaller items -- Fraud prevention and detection -- Unit testing/refurbishment/rework abilities -- Return-to-vendor processing, including pick, ship, vendor contact for RMA and freight management. "In the past 14 years, we have processed nearly six million returns, representing retail sales in excess of $600 million," said Mike Moroz, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for ClickShip Direct, Inc. "Our additional storage, sorting and throughput capability will allow us to provide the best possible service to our clients and their respective vendors." About ClickShip Direct ClickShip Direct provides order fulfillment and customer care services to retailers, e-tailers, direct marketers and consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and manufacturers. These services include online and off-line order capture, payment processing, inventory receipt, warehousing, shipment, returns processing, and after-sale customer service and support. Headquartered in Minneapolis, Minn., ClickShip Direct also operates customer service centers in Junction City Junction City, city (1990 pop. 20,604), seat of Geary co., NE Kans., at the confluence of the Republican and Smoky Hill rivers; inc. 1859. The rail, trade, and processing center of an agricultural and dairy area, it grew as the supply point for nearby Fort Riley, , Kan., and Fayetteville, N.C., and its fulfillment center in Brooklyn Park, Minn. ClickShip Direct is 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 Damark International, Inc. Additional information regarding ClickShip Direct can be obtained by visiting their Web site at www.clickshipdirect.com. Any statements herein regarding the business of DAMARK International, Inc. that are not historical facts are "forward-looking statements" that are intended to qualify for the 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. provisions from liability provided by 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. For a discussion of risks and uncertainties that could cause actual results to differ from those implied by any forward looking statement, see "Forward-Looking Information" in the Company's most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. as filed with the Securities and Exchange Commission. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.120600/bb3 |
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