Descartes And Vanda To Expand Marketing Alliance To Offer Internet Logistics And Fulfillment Solutions To Postal And Logistics Service Markets In China.Business Editors WATERLOO, Ontario--(BUSINESS WIRE)--Feb. 19, 2001 Memorandum Of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. Reached During Team Canada Trade Mission The Descartes Systems Group 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 :DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) .), a leading provider of global Internet logistics solutions, and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. listed Vanda Systems & Communications Holdings Limited ("Vanda") (Stock code: 757), Greater China's largest publicly traded systems integrator, have signed a Memorandum of Understanding (MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ) to expand the marketing alliance established in June 2000. Under the MOU, Descartes, Vanda and Vanda subsidiary DigiLogistics.com of Hong Kong will extend Descartes' Internet logistics and fulfillment solutions to two new markets - Postal and Logistics Services, within the Peoples Republic of China. The two parties reached the MOU during Descartes' participation in Canadian Prime Minister Jean Chrtien's Team Canada Trade Mission to Beijing, Shanghai and Hong Kong. "We recognize the leadership role of Descartes' logistics and fulfillment solutions and the opportunities for more efficient trade practices with the Peoples Republic of China using the Descartes technology," said William Chan, 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 DigiLogistics.com. "We are making our joint services available to the Postal and Logistics Services markets as a natural progression for our relationship, and we look forward to many successes for our alliance and our customers." Vanda became both a Network Partner and Marketing Alliance Partner of Descartes in June 2000. At that time, Vanda announced the formation of a new subsidiary, DigiLogistics.com Limited, using Descartes' technology to provide focused Internet logistics and fulfillment solutions over the Internet to the Asian marketplace. The MOU announced today follows the successful first phase implementation and integration of Descartes' DeliveryNet technology into the DigiLogistics.com platform. "Vanda has demonstrated significant success in marketing and implementing strategic solutions in a range of industries, including China Post. Through their subsidiary DigiLogistics.com, they have demonstrated vision and leadership in becoming one of the first live e-logistics platforms in Greater China, with Descartes' DeliveryNet technology an integral part of their e-logistics service offering," said Craig Jones Craig "133" Jones (born Craig Michael Jones on February 11 1972) is a music sampler and keyboardist best known as member #5 of the band Slipknot. He is also in charge of the digital media in the band. , Managing Director for Descartes Asia Pacific. "Together, our goal is to enable postal and logistics service markets throughout China. One of our joint initiatives is to offer our solutions to the State Post Bureau of China, helping them create a collaborative logistics exchange that will maximize the potential of the total distribution network and public warehouses throughout China," said Thomas Sandor, Vice President of Postal Markets at Descartes and participant on the Team Canada trade mission. The signing of this MOU during the Canadian trade mission is of personal significance to Mr. Edmund Ma, Managing Director and co-founder of Vanda - Mr. Ma received his electrical engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. degree from Queen's University Queen's University, at Kingston, Ont., Canada; nondenominational; coeducational; founded 1841 as Queen's College. It achieved university status in 1912. It has faculties of arts and sciences, education, law, medicine, and applied science, as well as schools of in Canada. "I am proud to be involved in the Team Canada trade mission and to have the opportunity to strengthen China's ties with Canada through our strategic relationship with Descartes," said Mr. Ma. About Vanda Established in 1982, Vanda is a leading information technology solutions provider in China, Hong Kong and the Asian Markets. It has 20 offices and over 50 business partners in China. It also operates in Macau, Singapore, Malaysia and the Philippines. In Asia (excluding Japan), Vanda is the biggest business partner for 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) . Its major clients now include leading banks, financial institutions, utilities, major enterprises as well as government ministries in Asia. For more information, visit http://www.vandagroup.com. About DigiLogistics.com DigiLogistics.com, the No. 1 e-Logistics Application Provider in Greater China, helps customers to manage every aspect of logistics and transportation on the desktop. It is the first Web-based vendor-neutral B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business exchange and ASP, providing end-to-end value-added services for the logistics and transportation industry. Through the DigiLogistics' platform, logistics service users and providers can enjoy up-to-the-minute information of cargo space availability, on-line cargo booking, multi-modal cargo tracking etc. There are now over 5000 active customers on line. For more information, visit http://www.DigiLogistics.com. About Descartes Descartes is a leading provider of global Internet logistics solutions that facilitate B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. . Descartes' logistics network technology and network-based services enable companies to create high-speed, high-performance fulfillment networks called DeliveryNets. DeliveryNet solutions empower organizations to deliver reliable, responsive customer service in a profitable manner and to create innovative new products and services. DeliveryNet solutions leverage Descartes' Internet-based Global Logistics Network, an open, worldwide network of shippers, receivers, carriers, logistics service providers, e-marketplaces, vertical portals, and transportation exchanges. The result is a global logistics community connected to Descartes' technological infrastructure that provides cost savings and revenue opportunities for businesses that need to manage physical product movement. For more information about Descartes, visit www.descartes.com. All registered and unregistered trademarks mentioned in this release are the property of their respective owners. This release contains statements that may relate to expected revenue from and transaction volume of Descartes customers, performance of Descartes' DeliveryNet solutions, market dynamics and other matters that may constitute forward-looking statements that involve risks and uncertainties. The Company's actual results may differ from the results discussed in the forward-looking statements as a result of factors discussed in the section entitled, "Risk Factors" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and other securities commissions across Canada. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion