Global eXchange Services Provides Philippines Bureau of Customs With Automated Customs Clearance Solution.Business Editors/High-Tech Writers GAITHERSBURG, Md.--(BUSINESS WIRE)--March 15, 2004 RosettaNet Solution to Reduce Clearance Cycle Times and Transaction Costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). Global eXchange Services, Inc. today announced its selection to provide a RosettaNet-based automated customs clearance solution to the Philippines Bureau of Customs in Manila Manila (mənĭl`ə), city (1990 pop. 1,601,234), capital of the Philippines, SW Luzon, on Manila Bay. Manila is the center of the country's largest metropolitan area, its chief port, and the focus of all governmental, commercial, industrial, . The pilot implementation and connectivity testing are already underway, with the production system planned to go live in early 2004. The RosettaNet eCustoms Declaration Milestone Program initiative is focused on improving cycle time associated with customs clearance, including the generation and processing of shipping information required to move products through the customs process. RosettaNet's Partner Interface Process(R) (PIP(R)) Shipping Documentation 3B18 enables high-tech industry manufacturers, along with their freight forwarders 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. and customs brokers Customs Broker An individual or firm licensed by customs authorities to enter and clear imported goods through customs. The broker represents the importer in dealings with the customs authorities. , to send secure, RosettaNet Internet-based customs transactions directly to the Bureau of Customs' Automated Customs Operating System operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. (ACOS (language) ACOS - A BBS language for PRODOS 8 on Apple II. Macos is a hacked version of ACOS. ), reducing both clearance cycle times and transaction costs. "We are pleased to provide our customers with logistics solutions that reduce costs and improve the efficiency of global value chains. The Philippines eCustoms implementation is another example of RosettaNet solutions from Global eXchange Services that enable lower cost trading community integration for partners participating in the high-tech value chain," said Ben Wong, Global eXchange Services' vice president of Asia-Pacific. Following a successful Malaysia implementation, the RosettaNet Philippines pilot involves movement of goods between Intel and Amkor Anam, with Exel Logistics providing freight forwarder and customs brokerage services. RosettaNet Philippines managing director Lito Zulaybar cited the progress in the RosettaNet eCustoms Program implementation as a major industry breakthrough with significant results being achieved in less than 12 months. "The ability to facilitate trade, while reducing cycle times and costs, on both local and global levels, is a true indicator of RosettaNet's benefit to the industry," said SY Foong, RosettaNet vice president of Asia. "By further automating and standardizing the customs declaration process, companies will have the ability to conduct business through countless ports of entry and exit, in any country, with a single customs declaration form." "On behalf of the RosettaNet consortium, we are pleased to acknowledge the ongoing collaboration and contributions delivered by our valued solution provider community. GXS GXS Global Exchange Services (GE) GXS Gun X Sword (anime) has demonstrated industry leadership within the RosettaNet community, and their role in this effort further demonstrates a commitment to open industry standards initiatives such as RosettaNet," remarked Foong. Philippines Customs Deputy Commissioner Alexander Arevalo expressed full support of the RosettaNet solution as it enables migration from 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. to cost-effective and secure Internet-based transactions. With more than 60% of total exports being generated by the semiconductor and electronics industry, implementing RosettaNet standards provides Philippines-based companies with a competitive advantage in turning around imported components into exports of finished products. The solution is being delivered through Global eXchange Services' distributor, InterCommerce Network Services. InterCommerce has been providing solutions to the Philippines Bureau of Customs since 1998, including development of the Customs Workstation System and the recently released Web-based Customs Workstation System, which enable importers, bonded warehouse bonded warehouse n → depósito de aduanas bonded warehouse n → entrepôt m sous douanes bonded warehouse n operators, customs brokers and freight forwarders to transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting with the Bureau of Customs via EDI. About RosettaNet RosettaNet is a non-profit consortium dedicated to the collaborative development and rapid deployment of open Internet-based business standards that align processes within the global technology trading networks. More than 500 companies, representing more than $1 trillion in annual information technology, electronic components, semiconductor manufacturing and telecommunications revenues, currently participate in RosettaNet's standards development, strategy and implementation activities. Information on the consortium's worldwide activities, including a complete list of partner companies, is available at www.rosettanet.org. RosettaNet is a subsidiary of the Uniform Code Council, Inc. (UCC An abbreviation for the Uniform Commercial Code. ). About InterCommerce Established in 1987 as a Distributor of Global eXchange Services, InterCommerce has been providing EDI services to more than 500 importers and Customs brokers since the launch of the remote electronic import entry lodgment lodg·ment also lodge·ment n. 1. a. The act of lodging. b. The state of being lodged. 2. A place for lodging. 3. An accumulation or a deposit. 4. facility at the Bureau of Customs in 1998. In close collaboration with Customs, InterCommerce continues to align its services with the requirements of the Bureau, as well as with the development in information technology, providing its customers with practical solutions including RosettaNet for the semiconductor and electronics industry, the WebCWS, a web-based declaration system providing transparency in Customs processes to importers, an electronic payment 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 taxes, and the IC.Logistics and IC.Warehouse for freight forwarders and bonded warehouse operators. About Global eXchange Services Global eXchange Services, Inc. operates one of the largest B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. networks in the world, managing 1 billion transactions annually for more than 100,000 trading partners. With over 35 years experience, Global eXchange Services provides supply chain services and software to 60 percent of the FORTUNE 500. Global eXchange Services is headquartered in Gaithersburg, MD and is a direct subsidiary and indirect subsidiary of GXS Corporation and GXS Holdings, Inc. respectively. Call (800) 560-4347 or visit our Web site at www.gxs.com. All products and services mentioned are trademarks of their respective companies. Caution Concerning Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. These factors include technological developments, customer demand, trading partner participation and network availability. |
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