Descartes Announces 40 New Sign-Ups On the Global Logistics Services Network.Business Editors WATERLOO, Ontario--(BUSINESS WIRE)--March 20, 2002 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 trusted provider of logistics solutions, today announced 40 new sign-ups on the Company's Global Logistics Services Network (GLSN). More than 25 per cent of these network sign-ups represent additional services that were sold to existing customers by leveraging a strong installed base. Some of the sign-ups on the network included such companies as Akzo Nobel, Atlanta Logistics, Averitt Express, Avery Dennison, Blue Rhino, CF AirFreight, Commercial Carrier Corporation, Commonwealth Brands, CSI/Crown, Daystone Corporation, Flextronics, Lakeville Motor Express Inc., Scully Transportation, Street Glow Inc., and United Freight Services. "Today's announcement demonstrates that Descartes continues to make significant headway in connecting the world's leading manufacturers, retailers, carriers and logistics providers to the GLSN," said Manuel Pietra, president and co-chief executive officer, The Descartes Systems Group Inc. "We believe this is a testament to the value of our global network and our ability to deliver services to new and existing customers that solve real logistics problems." In 1998, The Descartes Systems Group Inc. was one of the first companies to architect logistics solutions for a network-based delivery model. Over the past three years, Descartes has built out a logistics services network that connects trading partners with varying levels of technology capabilities worldwide. An investment of over 70 million dollars (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) has enabled the rapid activation of clients regardless of their revenue size and role in the extended supply chain. Since the network's roll out, Descartes has connected over 40 per cent of the Fortune 200 and 40 per cent of the Global 100 to the GLSN. The GLSN enables connectivity by letting trading partners communicate across geographies regardless of individual business practices or technology applications. Designed specifically to improve the efficiency of logistics processes, applications use the GLSN messaging backbone for logistics-related document movement and status including advanced shipment notices (ASN (1) (Autonomous System Number) A unique identifier of an autonomous system on the Internet. Of the 65 thousand ASNs available, more than 30 thousand have been assigned to ISPs and NSPs. ISPs usually have only one ASN, but NSPs may have more than one. ), purchase order status messages (POs), sales orders, and proof-of-delivery (PODs). Providing data transformation and unit-to-measure data semantics, the GLSN communicates with connected companies through a variety of protocols including extensible-mark-up language (XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. ), EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. (Electronic Data Interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. ), web forms and by the Descartes Fax-to-EDI service. About Descartes The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSE:DSG) is a trusted provider of logistics management technology. With over 4,500 customers in over 60 countries, Descartes' leading logistics solutions drive operational efficiency, enhance customer responsiveness and improve precision in purchasing for global organizations such as Coca-Cola bottlers worldwide, Comet Group plc Comet, founded in 1933 by George Hollingberry in Hull as Comet Battery Stores Limited, is now a wholly owned subsidiary of KESA Electricals plc specialising in electrical retailing. In 2003, Comet demerged from Kingfisher plc to form a new group under the KESA umbrella. , CVS/pharmacy, Danzas, Gist, John Lewis Partnership, Mitsui USA, Old Dominion and Peapod. Descartes has provided trusted solutions for real logistics problems since 1981. For more information, 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 Descartes' product and service functionality and performance, potential benefits derived therefrom, the suitability of Descartes' products and services for specific customers, Descartes' ability to connect trading partners to the GLSN, Descartes' competitive position and other matters that may constitute forward-looking statements that involve risks and uncertainties. Descartes' 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. |
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