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PrimeSource Solutions Inc. Changes Name, Announces Three New Internet Services.


SALT LAKE CITY--(BUSINESS WIRE)--Feb 3, 1999--PrimeSource Communications Holdings Inc. (OTC OTC

See: Over-the-counter.


OTC

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) announced today the name change of its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, PrimeSource Solutions Inc. to PrimeSourceNet Inc., reflecting its Web-centric services.

The company also announced the addition of three new strategic, complimentary services, to its existing digital forms processing technologies: PrimeLeads, PrimeReports, and PrimeImage.

"The foundation and common thread of all PrimeSourceNet services is digital forms processing technology," stated David R. Ballif, executive vice president. "This technology converts data from hand-written forms into actionable digital data while bypassing traditional data inputting processes. Digital processing Digital processing is the process of altering digital data in any form.

The most common situations where digital processing is involved are computer graphics and digital audio processing.
 reduces costs and increases accuracy."

PrimeLeads is a browser-based sales lead A sales lead is the identity of a person or entity potentially interested in purchasing a product or service, and represents the first stage of a sales process. The lead may have a corporation or business associated with the person(s).  management system developed to manage sales leads from "capture to close" providing a client company with up to the minute return on investment (ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ) on any sales campaign Noun 1. sales campaign - an advertising campaign intended to promote sales
ad blitz, ad campaign, advertising campaign - an organized program of advertisements

sales campaign ncampaƱa de venta 
 or lead source. This proprietary Internet solution is designed specifically for companies that acquire sales leads through sources such as direct mail, trade shows, and telemarketing.

Time-sensitive sales leads are immediately captured, routed and assigned to the sales representative most likely to make the sale based on predefined assignment strategies. Once sales leads are assigned, management is able to track each lead and analyze each marketing method to improve the client companies return on investment. PrimeSourceNet hosts the service allowing client companies secure access to sales leads from any Internet connection. A significant source of leads will be scanned and extracted via PrimeSourceNet's digital forms processing technologies.

PrimeReports is a real-time feedback Internet solution. Real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided.

Some uses of this term confuse it with the term dynamic data.
 is acquired from the front line of the business through a variety of sources including surveys, focus groups, sales leads, etc. This front-line, real-time data allows management to identify and react quickly to trends and make rapid and effective decisions that have bottom-line impact. The company's database is updated as data is received creating an ever-evolving, yet always accurate picture of the company's business. Critical relationships in the data may be explored at a moment's notice. PrimeReports uses digital form processing technologies to acquire feedback data from the field.

PrimeImage is a robust document imaging system designed expressly for client companies requiring on-line images for retrieval, viewing, printing, faxing or e-mailing. This service bureau product is fed from paper-based forms or documents that are either scanned at our service center or received via fax. As an enterprise Internet solution PrimeImage is designed for paper intensive client companies such as direct sales companies that require on-line images for regulatory issues, order discrepancies or electronic filing systems.

About PrimeSource

PrimeSource Communications Holdings Inc. through its wholly owned operating company operating company

A business that engages in transactions with outsiders.
 PrimeSourceNet Inc. applies digital technology in providing automated forms processing, custom browser-based Internet solutions and communication systems to facilitate efficient business processes. PrimeSource as a Web centric solutions provider services innovative companies by converting analog data into actionable digital information.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 3, 1999
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