Coca-Cola Taps Innotrac in Major E-commerce Relationship.Business Editors ATLANTA--(BUSINESS WIRE)--April 10, 2000 Innotrac Corporation (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 : INOC INOC Internet Network Operations Center INOC Iranian National Oil Company INoC Interpreter Network of Colorado INOC Inoculate/Inoculation INOC International Network Operation Center INOC Iran National Oil Company INOC Income Net of Claims ) today announced a partnership with The Coca-Cola Company (NYSE NYSE See: New York Stock Exchange : KO) to serve as its exclusive e-commerce partner for Coca-Cola brand merchandise for 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. . Under the arrangement, Innotrac will design and develop Coca-Cola's official online store and manage all aspects of order processing, fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. , and customer care. Coca-Cola's online store is expected to be operational by early summer. In managing the Coca-Cola online store, Innotrac will be directing the selection of product for the store, inventory and customer database management, and distribution of Coca-Cola brand merchandise. Innotrac will also consult with and place advertising for the online store in conjunction with Coca-Cola, and design and integrate marketing promotions into the online store. Scott Dorfman, Innotrac's Chairman, President, and Chief Executive Officer adds, "The Coca-Cola Company's selection of Innotrac demonstrates their appreciation of the need to expand distribution channels for Coca-Cola brand merchandise, and their total commitment to the value proposition we offer as a full-service e-commerce partner. Being chosen to manage the e-commerce initiatives for Coca-Cola--the leading brand in the world--represents a fundamental validation of Innotrac's value proposition." "The ability to marry our core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "Coca-Cola enthusiasts around the world are increasingly demanding Coca-Cola brand apparel, collectibles and other merchandise. With an extensive selection and around-the-clock convenience, coca-colastore.com is an ideal answer to their needs. In addition, the store significantly extends The Coca-Cola Company's merchandising strategy into this exciting distribution channel and expands the Coca-Cola experience," said Andrew Lelchuk, Manager, Business Development and E-commerce, The Coca-Cola Company. The Web site, coca-colastore.com, will offer customers unprecedented convenience to purchase Coca-Cola branded merchandise online. The site will include product selections to include apparel, home decor, pins, one of a kind collectibles and limited editions. This will allow customers many choices and selections while offering the convenience afforded by shopping on the Internet. The customer will also experience the history of the Coca-Cola brand through games and trivia displayed throughout the site. About Innotrac Innotrac is a full-service provider of customized, technology-based marketing support and distribution services. With an effective outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. model that utilizes its core competencies--consultative services, technology services, distribution services, and end-user customer support services--Innotrac provides: traditional and e-commerce product and literature distribution, computerized inventory and database management, and customer-initiated (inbound in·bound 1 adj. Bound inward; incoming: inbound commuter traffic. Adj. 1. inbound ) teleservices. For more information about Innotrac, visit the Innotrac Web site www.innotrac.com. Information contained in this press release, other than historical information, may be considered forward-looking in nature and is subject to various risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize ma·te·ri·al·ize v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es v.tr. 1. To cause to become real or actual: By building the house, we materialized a dream. , or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on Innotrac's operating results, performance or financial condition are competition and the demand for Innotrac's services, Innotrac's ability to develop relationships with telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. clients, to expand into new markets, and to maintain profit margins in the face of pricing pressures, and numerous other factors discussed in Innotrac's S-1 Registration Statement, Commission File No. 333-79929, that is on file with the Securities and Exchange Commission. |
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