New Contracts and Relationships Position Orbis Online for Rapid Major Growth.
Business Editors/High-Tech Writers
SAN ANTONIO--(BUSINESS WIRE)--Feb. 4, 2003
Orbis Online, which provides high-technology e-procurement solutions and tactical sourcing services to world-class companies and large government agencies, secured several key contracts over the past five months that position the company for rapid revenue growth this year.
These contracts further strengthen existing strategic alliances to fuel additional growth for Orbis Online.
The procurement reach of these contracts can only be described as staggering. "The buying power Buying Power
The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available.
Also referred to as "Excess Equity. of the customers that have awarded Orbis Online contracts approaches one trillion dollars per year," said Dr. James Strader, 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 Orbis Online. "These contracts will exponentially increase our revenue growth over the next several years, and, of course, we plan on acquiring more new, prestigious customers that will further accelerate this growth."
The major contracts awarded Orbis Online include large government entities such as the U.S. General Services Administration The General Services Administration (GSA) was established by section 101 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C.A. § 751). The GSA sets policy for and manages government property and records. (GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. ), the State of Texas, the University of Texas System, the U.S. Department of Energy (DOE), the City of Miami Beach Miami Beach, city (1990 pop. 92,639), Dade co., SE Fla., on an island between Biscayne Bay and the Atlantic Ocean; inc. 1915. It is connected to Miami by four causeways. , Fla., the County of Allegheny, Pa., and foreign government entities such as the Housing Development Board of Singapore, which procures 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. for the construction industry in Singapore, Malaysia, Thailand, and The Philippines.
Winning these large contracts provides Orbis Online with recognition that is unique among providers of reverse auction software and services. "Contracts such as the one we were awarded by GSA establish a great deal of credibility for Orbis Online, especially in the government sector," said Dr. Strader. "We will also provide other complimentary products and services to these government entities through these contracts. In addition, Orbis Online is a finalist in contracts being awarded by several other government agencies in the very near future," added Dr. Strader.
The focus of Orbis Online on the government sector also is unique among companies in this field. In a period of high economic uncertainty, government contracts have solidly positioned Orbis Online for strong and steady growth.
For example, the GSA contract serves the procurement needs of a variety of federal government agencies, and many states and cities that can purchase from GSA contracts. This enables all federal agencies and other government agencies served by the GSA to achieve the best possible pricing for goods and services through the use of reverse auctions. Under the GSA contract, Orbis Online will facilitate self-service and full-service reverse auctions.
Orbis Online has been especially successful in winning contracts in its home state of Texas. The Texas Building and Procurement Commission (TBPC TBPC Texas Building and Procurement Commission ) awarded Orbis Online an exclusive contract to conduct reverse auctions for all state agencies and other state buying entities. These entities include cities, school districts, and many other agencies. In total, the contract currently includes approximately 1,500 state buying groups.
The contract for reverse auction services awarded to Orbis Online by the University of Texas System is used not only by the University System, but also by any institution of higher learning higher learning
Education or academic accomplishment at the college or university level. or agency that buys goods and services for the state.
David Horne, Chief Operations Officer for Orbis Online, said that these contracts and relationships have already begun to produce a dramatic ramp-up in activity for the company. "Just in the State of Texas, our procurement volume is increasing greater than 300% month over month," Horne said.
Orbis Online has developed several strategic partnerships with other successful companies as a result of its many contract wins, including the following: American Management Systems American Management Systems (previous NASDAQ symbol: AMSY) was founded in 1970 as a technology and management consulting firm. It was founded by a group of five former United States Department of Defense officials who worked under Robert McNamara in the Kennedy and Johnson (AMS AMS - Andrew Message System ), a $1 billion global business and information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. firm whose customers include 44 state, local, and provincial governments, federal agencies, and Fortune 500 companies; Science Applications International Corporation (SAIC SAIC - http://saic.com. ), a high-technology research and engineering company based in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , and one of the largest government contractors in the world with over 40,000 employees; and dNovus RDI RDI - Receiver Data Interface , which supplies information technology services to federal, state, and local governments, and was the recent winner of the Small Business Vendor of the Year Award by the Federal Government.
Orbis Online brings enormous value to both buyers and suppliers who participate in reverse auctions. "We deliver value to buyers by helping them save money through lower purchase prices and a more efficient buying process," said Dr. Strader. "We also bring new, highly qualified suppliers into reverse auctions to increase competition for their business," he added. "For suppliers, we bring value by partnering with them to serve as an extension of their sales/marketing teams to build new relationships with world-class buying organizations that result in major new business opportunities. Orbis Online is also beginning to focus on converting suppliers who participate in these reverse auctions into buying customers so that they may reap the benefits of the cost savings and efficiency that reverse auctions provide," said Dr. Strader.
Orbis Online recently retained GEM Advisors Dallas LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control , to pursue fund-raising opportunities from private equity investors. The new capital will be invested in the expansion of the business and the support of the company's growing customer base.
About Orbis Online Inc.
Orbis Online Inc., offers powerful Java/XML technologies, and reverse auction and tactical sourcing services, customized to benefit buyers and suppliers throughout the world. Many world-class companies and large governmental agencies benefit from contractual relationships with Orbis Online, whose technology and services achieve true market pricing and make the buying process more efficient. For more information about Orbis Online Inc., please visit our Web site at www.OrbisOnline.com, or call 210/576-7600. Demonstrations of Orbis Online's unique auction platforms are available at the Web site: www.wsdemo.com or can be facilitated by contacting Orbis Online directly.
Reader Contact Information:
Orbis Online Inc., 100 NE Loop 410, Suite 500, San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. , TX 78216, Tel: 210/576-7600, Fax: 210/576-0760, www.orbisonline.com, email@example.com.
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