Descartes Announces 65 New Network Sign-Ups On The Descartes Global Logistics Services Network.Business Editors/High-Tech Writers WATERLOO, Ontario--(BUSINESS WIRE)--March 25, 2003 The Descartes Systems Group Inc., (Nasdaq:DSGX DSGX Dynamic Sound Generator Xtra (Sony) DSGX Dynamic Sound Generator Extra ), (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :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 65 new network sign-ups to date during first quarter, fiscal year 2004 (Q1FY04) on the Descartes Global Logistics Services Network(TM) (GLSN). Continuing to generate interest from both new and existing customers, approximately 60 percent of the sign-ups represent services sold to new customers while 40 percent of sign-ups are from existing customers. Each new sign-up represents a direct contractual relationship between Descartes and its customers. By primary transportation mode 46 percent of this quarter's sign-ups are in truck, 31 percent in ocean and 23 percent in air. Companies such as Lalandia, Takase and Transnation Logistics are new to Descartes solutions while existing customers that have expanded their relationship with Descartes include Alabama Motor Express and Dynamic Handling. Commented Manuel Pietra, Descartes' co-chief executive officer and president, "Introducing new companies to Descartes solutions while continuing to nurture and expand our relationships with existing customers is evidence of our successful execution as a company. We look forward to developing valued relationships with each and everyone of our customers and remain committed to being their trusted provider of logistics solutions." Used by both buyers (manufacturers, distributors and retailers) and providers (carriers, freight forwarders An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. and logistics service providers) of logistics services, Descartes' Network-Based Logistics solutions on the GLSN enable companies to communicate real-time business information with trading partners regardless of individual business practices, geography or technology. More than 6,000 companies are already connected on the GLSN and exchanging critical business information with trading partners. A sign-up includes two types of customers: a new customer purchasing Descartes solutions for the first time or an existing customer (including a new division of an existing customer) purchasing additional product or services. About the Descartes Global Logistics Services Network As a global connectivity infrastructure, the Descartes Global Logistics Services Network (GLSN) reduces complexity and increases efficiency in communicating critical, real-time business information between and among trading partners with intersecting in·ter·sect v. in·ter·sect·ed, in·ter·sect·ing, in·ter·sects v.tr. 1. To cut across or through: The path intersects the park. 2. supply chains. The GLSN, with over 6,000 connected companies, also acts as an enabler for Descartes' network-based applications. About Descartes The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG) is a trusted provider of logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet technology. In more than 60 countries Descartes' leading logistics solutions drive operational efficiency, enhance customer responsiveness and improve precision in purchasing for global organizations. 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 may contain statements that relate to Descartes' product and service functionality and performance, the size and effect of the Global Logistics Services Network, potential benefits derived from Descartes products and services, and Descartes' competitive position and other matters that may constitute 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. 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 en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: , "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 Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion