NextLinx Expands Global Trade Content to Reflect European Union Expansion; Customers Worldwide Updated with Trade Regulations for 10 New EU Members.Business Editors/High-Tech Writers ROCKVILLE, Md.--(BUSINESS WIRE)--May 3, 2004 NextLinx Corporation, the leading provider of global trade content and management solutions, today announced the expansion of its international trade content, Global Knowledge(TM), coinciding with the European Union's May 1, 2004 addition of 10 new countries increasing the number of EU member-states to 25. NextLinx has integrated country-specific content for all 10 countries to provide customers with a single source of comprehensive, up-to-date global trade rules and regulations for streamlining the shipment of goods across borders. With a 118 country coverage comprising over 99 percent of the world trade market, NextLinx Global Knowledge now captures landed cost and import/export data for the newly added EU member-states: Cyprus, Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , Estonia, Hungary, Malta, Latvia, Lithuania, Poland, the Slovak Republic and Slovenia. Accounting for the largest expansion since EU's inception, NextLinx seamlessly built-in the various changes to Customs tariff rates, duties, licensing, anti-dumping, countervailing, Value-Added Tax value-added tax (VAT), levy imposed on business at all levels of the manufacture and production of a good or service and based on the increase in price, or value, provided by each level. (VAT), Excise and quotas that became effective May 1st into customers' legacy or ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. systems in real-time to perform product classification and document determination on all cross-border shipments. Recently, NextLinx has seen a significant increase in interest in automating trade processes to ensure full compliance with Customs and other government agencies. Nearly two dozen new major customers signed with NextLinx in 2003 to receive real-time content updates including: Exel, VF Corporation, Elite Group Inc., Creo Inc., Digital River Inc., Shipping Solutions, Innovation Norway Innovation Norway is a state owned company started in 1994 that replaced four governmental organisations. These organisations were:
ITSC Information Technology Service Center ITSC International TOVS Study Conference ITSC Intelligent Transportation Systems Conference (IEEE) ITSC Information Technology Standards Committee , LCI LCI Livable Centers Initiative LCI Life Cycle Inventory LCI Landing Craft, Infantry LCI La Chaine Info (French cable news channel) LCI Lean Construction Institute LCI Lions Club International Foreign Trade Solutions, ProExport, ProChile, Bancomext and Haworth Inc., among several others. "The EU expansion encourages an economic shift in trade with Eastern European countries creating new alliances and opening new markets for businesses worldwide, and with that, numerous regulatory changes that must be taken into account when shipping goods in the global marketplace," said Rajiv Uppal, founder, 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 NextLinx Corporation. "Expanding the depth and breadth of NextLinx Global Knowledge enables our customers to leverage this new alliance and take advantage of potential cost savings." When processing country updates or introducing a new country into its product offering, NextLinx follows an efficient ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. certified 17-step procedure to collect, translate, replicate and control the quality of content. All NextLinx solutions are powered by Global Knowledge(TM), which contains all 97 chapters of the Harmonized Tariff Schedule (HTS HTS Heights HTS Harmonized Tariff System HTS High Throughput Screening (biomolecular assay screening) HTS High-Throughput Screening (Pharmaceutical Industry) HTS Harmonized Tariff Schedule ) for shipping any product to and from over 118 countries. The unique combination of in-depth international trade content and proprietary systems architecture allows for rapid conversion of raw country-specific trade data into a user-friendly, consumer-ready product. About NextLinx NextLinx Corporation is the leading provider of global trade management solutions. NextLinx software and Web services solutions combine global trade business rules and country-specific trade data, consisting of denied party lists, landed cost components, import and export controls, and 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 documentation, to help companies reduce the risks and costs associated with importing and exporting goods across international borders. NextLinx prestigious list of customers include: Boeing, FedEx, UPS, ABN AMRO, Cisco Systems, 3Com, Fairchild Semiconductor, Rockwell Automation, Sotheby's and Panasonic. For additional information, please visit us at www.nextlinx.com. |
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