DynamicWeb Achieves Internet-to-EDI Transaction Volume Milestone.FAIRFIELD, N.J.--(BUSINESS WIRE)--March 2, 1999-- Results Indicate Complementary Roles for Internet and 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. in Converged E-commerce Model DynamicWeb(tm) Enterprises Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :DWEB), a developer of Internet electronic commerce and 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. (EDI) business solutions, today announced that the Company processed over 25,000 transactions through its EDIxchangeBuy service in the month of February 1999. Also of significance is that the monthly volume is growing at a double digit rate. "Although many so-called experts have declared EDI a dying technology, we have continuously maintained a position that EDI is the backbone of business-to-business e-commerce and that in the b-to-b space the most effective application for the Internet is as an easy-to-use, functionally robust complement to existing EDI programs. These results vindicate our position," said Steve Vanechanos, Jr., Chairman and Chief Executive Officer. "The results also demonstrate that our strategy of using the Internet as a value-added layer on top of EDI, creates many winners and supporters of the strategy, beyond DynamicWeb. Our sponsoring hubs like Rite Aid (NYSE NYSE See: New York Stock Exchange :RAD) save considerably as paper is converted to electronic; our ISP partner, Rocky Mountain Internet (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 :RMII RMII Reduced Media-Independent Interface RMII Rocky Mountain Internet Inc. ) acquires new business customers; and the EDI VANs, like Harbinger (NASDAQ:HRBC HRBC Human Resources Business Center (US Army) ) and Sterling Commerce (NYSE:SE), realize new transaction volume," Mr. Vanechanos added. Located in Fairfield, NJ, DynamicWeb Enterprises, Inc. is a leading provider of Internet services and software for enabling business-to-business electronic commerce. DynamicWeb's EDIxchangeBuy provides an Internet-based electronic commerce solution for Fortune 1000 companies that expands EDI participation and compliance with their suppliers. For additional information about DynamicWeb and its products or services visit the DynamicWeb home page at www.dynamicweb.com, send an e-mail to sales@dynamicweb.com or call 1-800-4-EDI-HELP. This press release contains forward-looking statements. All such statements involve risks and uncertainties, including, without limitation, the risks detailed in DynamicWeb's filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ materially. This release is available on the KCSA Worldwide website at www.kcsa.com. |
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