Fritz Offers Faster Duty and Tax Information to Clients; Takes Orders for New Proprietary Trade Cost Model.SAN FRANCISCO--(BUSINESS WIRE)--Feb. 10, 1999--Fritz Companies (Nasdaq:FRTZ) and Worldtariff, the world's leading provider of duty and tax information, announce Worldtariff's publication of new data for 21 key customs territories which is available to Fritz fritz n. Informal A condition in which something does not work properly: Our television is on the fritz. [Perhaps from German Fritz clients through the Fritz web site. Fritz and Worldtariff have been strategic partners since 1995, with Fritz holding exclusive rights for the logistics industry to on-line access to Worldtariff information and selling it as an added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
Worldtariff is now delivering 1999 editions of standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. English electronic customs duty customs duty: see tariff. and tax information for 35 nations comprising 21 customs territories. The company will publish 40 customs territories by March 31, covering 90 percent of the world's imports. A total of 63 customs territories or 79 nations will be available by July and all others as ordered. Fritz Companies is also working with Worldtariff to develop an Internet based global landed cost calculator, Fritz Logistics Expediting (FLEX(R)) Trade Cost Modeling, which is due out later this spring. Fritz has begun taking orders for this proprietary software that gives Fritz clients the ability to calculate the total worldwide landed cost -- duty, taxes, transportation and other charges -- of products for different sourcing and market options. "We will combine Fritz's knowledge of global logistics and internet technology with Worldtariff's preferential pref·er·en·tial adj. 1. Of, relating to, or giving advantage or preference: preferential treatment. 2. duty and tax information to deliver added value to our clients and expand the logistics industry's product offerings," said Jay Bellin, Fritz Companies Director of Marketing. "Together, we will provide browser access to the transportation, and duty and tax information that retailers and manufacturers need to help them make decisions that respond to changing world market rates of goods and logistics." "Faster, more intelligent information to calculate the lowest landed cost means that our clients can save time, money and the aggravation Any circumstances surrounding the commission of a crime that increase its seriousness or add to its injurious consequences. Such circumstances are not essential elements of the crime but go above and beyond them. of chasing information from many sources around the world every time they need to calculate the cost of a trade," stated Bellin. "In addition, because we are the only logistics company licensed to display Worldtariff on-line, Fritz clients can access now-expanded customs tariff information worldwide faster, 24 hours a day, seven days a week." "We have found it rewarding to grant Fritz exclusive rights to on-line access to Worltariff information," said Scott Morse, publisher of Worldtariff. "Now by integrating Worldtariff customs information into FLEX(R) Trade Cost Modeling, Worldtariff has the opportunity to be part of the market's first software product that incorporates the skill of the freight forwarder 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. with all necessary transportation, customs brokerage and insurance information." Fritz Companies is a leader in global integrated logistics, delivering comprehensive supply chain solutions to its clients worldwide. Fritz provides flexible service options, ranging from door-to-door transportation and material management to sophisticated information management -- integrated within customized logistics programs. The Fritz network is composed of more than 10,000 employees and more than 480 locations in some 115 countries. Fritz Companies, Inc. (Nasdaq:FRTZ) global headquarters is at 706 Mission St., 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 USA, 415/904-8360. All recent press 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 was established in 1961 in London 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. . Now in San Francisco, 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 so that all country import duties and taxes can be compared, worldwide. |
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