EDICT Systems, Inc. -- Company Summary.Business Editors DAYTON, Ohio--(BUSINESS WIRE)--April 17, 2000 Twilight Productions, Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TWIPE) is releasing additional information concerning its merger with EDICT Systems, Inc. and the status of its SEC Form 10-SB filing. EDICT Systems, a wholly owned and sole operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of Twilight was founded in 1990 to provide 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. Consulting and Training (EDICT). In 1992, EDICT changed its focus to developing and marketing 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. software and services, a precursor to today's business-to-business electronic commerce. In 1996, EDICT added integrated bar The process of organizing the attorneys of a state into an association, membership in which is a condition precedent to the right to practice law. Integration is usually attained by enactment of a statute that grants authority to the highest court of the state to integrate coding applications to support industry initiatives combining electronic commerce data and bar-coded shipping containers. In January of 1999, EDICT began development of its Internet business-to-business electronic commerce solutions which were introduced to the market in October 1999 via the first vertical portal A Web site that provides news, articles and services to a particular industry such as IT, finance and retail. It is the industry-specific equivalent of the general-purpose portal on the Web. Also called a "vortal." See portal, corporate portal, business intelligence portal and Web hub. ("vortal"), www.GroceryEC.com. www.GroceryEC.com currently supports the electronic commerce initiatives of Kroger, Fleming, Supervalu, C&S Grocers, Richfood, and Dillon Stores (including King Sooper, City Markets, and Fryes). Support for other grocery retailers is production-ready and in various stages of testing. These retailers are Safeway, Albertsons, Winn Dixie, Meijer, Fred Meyer (including Smith's Food & Drug and Quality Food Centers), Randalls Food Markets (including Tom Thumb), Ralphs, and Piggly Wiggly. Support for all major grocers that have EC/EDI EC/EDI Electronic Commerce/Electronic Data Interchange initiatives is scheduled to be completed within 6 months. EDICT Systems is currently working on increasing grocery retailer support on www.GroceryEC.com, activating www.RetailEC.com (with bar coded container labels produced from the internet), and EnterpriseEC(TM). EnterpriseEC(TM) is a value-added Internet e-commerce service that supports integration of e-commerce data into legacy systems. Electronic commerce data can be transmitted to and from EnterpriseEC(TM) using standard EDI software, or by using a free, secure FTP FTP in full file transfer protocol Internet protocol that allows a computer to send files to or receive files from another computer. Like many Internet resources, FTP works by means of a client-server architecture; the user runs client software to connect to application provided by EDICT Systems. Regardless of the network used by trading partners, EnterpriseEC(TM) allows for a single electronic commerce connection using the Internet at significantly lower costs to the customer. EnterpriseEC(TM) is currently in beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the with a 2nd quarter anticipated production date. EDICT Systems has over 1,000 software customers (FORMULA_ONE(TM) and BCLM BCLM Black Country Living Museum (UK) BCLM Biblioteca de Castilla-La Mancha -- Bar Code Label Modules). Most of these customers use traditional Value Added Networks to conduct electronic commerce with their trading partners. It is anticipated that many of these customers will utilize EnterpirseEC(TM) due to a reduction of 50-75% off their current Value Added Network (VAN) charges. EDICT Systems currently has 25 employees at its Dayton, Ohio facilities. Audited financial statements for FY99, reflect revenues of $824,443. Net loss for the year was ($46,692). The 4th quarter of 1999 began the transformation from the company's traditional business to the new rapidly growing Internet business-to-business electronic commerce solutions. Revenues from the traditional business products are decreasing as customers are shifting to the new Internet solutions. Twilight's common stock is currently traded on the 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. . On May 4, 2000, Twilight's common stock will begin trading on the Pink Sheets as the company is not a "reporting" company under the Securities Act of 1934. Twilight has obtained the necessary audited financial statements and is now in the process of completing its Form 10SB Registration Statement to be filed with the SEC for the purpose of becoming a "reporting" company. Upon effectiveness of this registrations statement, the company can immediately apply for its common stock to again be quoted on the OTC Bulletin Board. You may learn more about EDICT by visiting its Web sites at www.edictsystems.com, www.EnterpriseEC.com, www.GroceryEC.com or contacting Investor Relations Investor relations The process by which the corporation communicates with its investors. at 800/443-3428. The company's email is info@edictsystems.com. The information in this news release includes certain forward looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the company. Although the company believes that the expectations reflected in its forward looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties. |
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