Fritz Companies, Inc. and Worldtariff offer global customs data over the Internet.SAN FRANCISCO--(BUSINESS WIRE)--April 21, 1997--Fritz Companies, Inc. and Worldtariff are offering automated foreign customs duty customs duty: see tariff. data over the Internet. This on-line and up-to-date duty and tax information is available to members of the Fritz Information Highway Internet web site. Fritz Companies and Worldtariff first formed their strategic alliance in 1995. "Many of our clients are analyzing the best global sourcing and marketing opportunities for their materials and products," said Lynn C. Fritz, Chairman 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. . "Adding Worldtariff to our portfolio of capabilities provides our clients with market intelligence faster and more cost effectively than before." "Worldtariff and its London-based Eurotariff branch office maintain subscriptions to all customs tariff schedules, and compile complex duty related data into user-friendly, English language English language, member of the West Germanic group of the Germanic subfamily of the Indo-European family of languages (see Germanic languages). Spoken by about 470 million people throughout the world, English is the official language of about 45 nations. tables," noted Scott Morse, Publisher of Worldtariff. "This information is continually updated, and is available through the Fritz Information Highway for the lowest rate ever. Beyond this on-line service Worldtariff also supplies `source to target' duty and tax information for all countries." "The exclusive aspect of our alliance is that Fritz Companies is the only logistics company licensed to provide Worldtariff on-line," Scott Morse pointed out. "In addition, there are several other non-exclusive forms of collaboration between the two companies." Instead of waiting several days for information or placing telephone calls to foreign countries, Fritz clients can access current customs tariff information 24 hours a day, seven days a week through the Fritz Information Highway (I-Way). This is the first web site to provide such comprehensive commodity duty and tax information. Worldtariff also provides customized preference duty tables which assist in navigation through customs unions and free trade areas, such as NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's . The Fritz I-Way is an Internet tool organizing integrated logistics resources to help clients achieve their transportation objectives. The Fritz I-Way also serves as Fritz's Intranet, connecting Fritz employees around the world to vital information. Worldtariff was established in 1961 in response to the formation of the European Economic Community European Economic Community (EEC), organization established (1958) by a treaty signed in 1957 by Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany (now Germany); it was known informally as the Common Market. . Worldtariff is the one-stop source of customs duties Tariffs or taxes payable on merchandise imported or exported from one country to another. Customs laws seek to equalize the charges imposed by other countries, furnish income for the federal government, and preserve the financial stability of domestic industries. and tax information that is published in English in an easy-to-use, standardized format. The Fritz Web Site was made possible by the joint effort of Fritz, Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , and SeaLink Information Technologies. Fritz Companies, recognizing the high quality of Sun Microsystems Internet server equipment, developed the Fritz Information Highway. SeaLink Information Technologies of Walnut Creek Walnut Creek, residential city (1990 pop. 60,569), Contra Costa co., W Calif., in the San Francisco Bay area; inc. 1914. It is the trade and shipping center of an extensive agricultural area where walnuts are among the major product. , Calif., was selected to develop the Intranet based services and products. Fritz Companies, Inc. is a leader in global transportation and logistics. Providing flexible service options ranging from integrated logistics programs to traditional freight forwarding and customs brokerage, Fritz develops, implements and delivers worldwide supply chain solutions for its clients. The Fritz worldwide network is comprised of more than 8,000 staff operating across 450 locations, present in over 100 countries, all linked together by sophisticated information and communications systems. Fritz Companies, 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 :FRTZ) headquarters are at 706 Mission Street, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA 94103, 415/904-8360. All recent information releases are available via fax-on-demand service accessed by dialing 888/286-6419. Additional information is available via the Internet: http://www.fritz.com . Worldtariff headquarters are at 220 Montgomery Street, Suite 448, San Francisco, CA 94104, tel. 415/391-7501. CONTACT: Fritz Companies, Inc. Jay Bellin, 415/538-0314 jay.bellin@fritz.com or Worldtariff Scott Morse, 415/391-7501 wtariff-smorse@fritz.com |
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