Emerging Vision and Lantis Eyewear Sign Trading Partnership Letter Of Intent.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 14, 2000 Lantis Joins a Growing List of Partners in the Optical Industry's First Business-to-Business Internet Portal Emerging Vision, 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 :ISEE ISEE - Integrated Software Engineering Environment - equivalent to SEE. ) today announced that it has signed a Letter of Intent to establish a trading partnership with Lantis Eyewear, a leading manufacturer, designer and distributor of quality eyewear. Lantis is the exclusive distributor for high quality brands such as Tommy Hilfiger Thomas Jacob Hilfiger (born March 24, 1951 in Elmira, New York) is a world-famous American fashion designer and creator of the eponymous "Tommy Hilfiger" and "Tommy" brands. Biography Hilfiger was born March 24, 1951 and raised in Elmira, New York. , Oscar da la Renta, Movado and Jones New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Lantis will participate in the optical industry's first business-to-business Internet portal, which was designed to facilitate the worldwide exchange of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. and take advantage of the efficiencies offered through the Internet. In addition to the many advantages available through its portal, Emerging Vision also offers a suite of online and integration services to support trading partners' supply chain efforts. Gregory T. Cook, president and 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 Emerging Vision, commented, "As a trading partner of Emerging Vision's portal, Lantis will significantly expand access to its suppliers and vendors throughout the world, while benefiting from improved operational efficiencies now available through the Internet. Lantis also joins a growing number of optical industry businesses that have recognized the advantages that our optical portal is designed to provide." Lon Moellentine, President and CEO of Lantis Eyewear, added, "Supply chain integration and fluid access to world markets offer numerous benefits to our global business. The potential cost savings and efficiencies that can be achieved by partnering with Emerging Vision are tremendous, and we look forward to being a part of this new venture." About Emerging Vision Emerging Vision is taking a leadership role within the optical industry by developing and launching the first Internet-based portal for the optical industry to provide comprehensive e-commerce solutions to the business buyers and suppliers of optical products worldwide. Emerging Vision's portal is the first business-to-business solution for suppliers and purchasers in the optical industry, which is currently estimated at $50 billion, worldwide, and is projected to grow in excess of 10% annually over the next few years. Emerging Vision takes full advantage of the convenient and far-reaching Internet channel The Internet Channel is a version of the Opera 9 web browser for use on the Wii by Opera Software and Nintendo.[1] On December 22, 2006, a free beta version (promoted as a "trial version") of the browser was released. to streamline the entire supply chain process, enhance buyer-supplier relationships, automate the purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements from product development to payment, and ultimately reduce sales and distribution costs distribution costs distribute npl → Vertriebskosten pl through efficiency, improved communication and increased market exposure. About Lantis Eyewear Lantis Eyewear is a leading designer, marketer and distributor of quality eyewear, primarily sunglasses and optical frames. Its proprietary and licensed brand name and designer products--including Tommy Hilfiger, Jones New York, Oscar de la Renta Oscar de la Renta (born July 22, 1932) is a leading fashion designer. Early years De la Renta (born Oscar Aristides Renta Fiallo) was born in the Dominican Republic to a Dominican mother and a Puerto Rican father. , OSCAR and Movado eyewear--are sold throughout the U.S. and internationally. . All statements contained herein (other than historical facts) are based upon current expectations. These statements are forward looking in nature and involve a number of risks and uncertainties. Actual results may differ materially from the anticipated results or other expectations expressed in the Company's forward looking statements. Generally, the words "anticipate", "believe", "estimate", "expects", and similar expressions as they relate to the Company and/or its management, are intended to identify forward looking statements. |
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