SalesLink Opens Facility in Hungary.Business Editors CHARLESTOWN, Mass.--(BUSINESS WIRE)--May 20, 2004 New supply chain management location in Miskolc expands company's European presence and increases ability to service key clients SalesLink Corporation, a 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. of CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) , Inc. (Nasdaq: CMGI), today announced that its supply chain management (SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. ) business has opened a new operating facility in Miskolc, Hungary. This new facility adds to the company's existing locations in Ireland and The Netherlands and provides SalesLink's customers excellent European coverage. "Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. is an important location for many of our customers - and for SalesLink's continued growth," said Bryce C. Boothby Jr., president of SalesLink's SCM business. "Our facility in Miskolc will support several new customers in the electronic manufacturing services and networking sectors. We look forward to expanding this location and adding new services and capabilities as our client base grows." The Miskolc location will support not only Eastern Europe, but much of Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). as well. At the new facility, SalesLink's customer management team will provide SalesLink's customers with a range of supply chain management services, including materials procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , inventory management, product receiving, assembly and packing, and shipping direct to the customer's assembly line. About SalesLink SalesLink Corporation is a leading global provider of supply chain, marketing distribution and fulfillment services. Founded in 1976, SalesLink's experience and unique technology offer clients customized services designed to minimize costs and maximize satisfaction. SalesLink's services include forward supply chain management, reverse logistics This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , product packaging and assembly, print management, worldwide procurement and sourcing, inventory and warehouse management, outbound logistics and freight optimization, B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. product fulfillment and B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. fulfillment, both directly and through its wholly owned subsidiary, SL Supply Chain Services International Corp. SalesLink is a wholly owned subsidiary of CMGI, Inc. (Nasdaq: CMGI). For additional information, see www.saleslink.com. About CMGI CMGI, Inc. (Nasdaq: CMGI) provides technology and commerce solutions that help businesses market, sell and distribute their products and services. CMGI offers industry-leading global supply chain management and distribution and fulfillment services. For additional information, see www.cmgi.com. This release contains 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. , which address a variety of subjects including, for example, the types of services expected to be offered by SalesLink, the expected operations and benefits of the new facility and SalesLink's continued growth. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: SalesLink's success depends on its ability to execute on its business strategy and the continued and increased demand for and market acceptance of its products and services; SalesLink may not be able to expand its operations in accordance with its business strategy; SalesLink may experience difficulties integrating technologies, operations and personnel in accordance with its business strategy; SalesLink derives a significant portion of its revenue from a small number of customers and the loss of any of those customers would significantly damage its financial condition and results of operations; and increased competition and technological changes in the markets in which SalesLink competes. SalesLink represents a significant percentage of CMGI's operations and the occurrence of any of the foregoing factors may have an adverse effect on CMGI's results of operations and financial results. For a detailed discussion of cautionary statements that may affect CMGI's future results of operations and financial results, please refer to CMGI's filings with the Securities and Exchange Commission, including CMGI's most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. . Forward-looking statements represent management's current expectations and are inherently uncertain. We do not undertake any obligation to update forward-looking statements made by us. |
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