Edict Systems Announces Surpassing $10 Billion Worth of Purchase Orders Processed via Web EDI
August 03 2004 - 11:45AM
PR Newswire (US)
Edict Systems Announces Surpassing $10 Billion Worth of Purchase
Orders Processed via Web EDI DAYTON, Ohio, Aug. 3
/PRNewswire-FirstCall/ -- Edict Systems, Inc., the wholly owned and
sole operating entity of Advant-e Corporation (OTC:AVEE) (BULLETIN
BOARD: AVEE) , announced today that it has reached a major
milestone in surpassing $10 billion in purchase orders processed
since January 2000 via the Company's Web-based Electronic Data
Interchange (Web EDI) services. Edict's GroceryEC.com service for
Web EDI supports over 150 retail, wholesale and distributor EDI
implementations. This retail industry leading service accounted for
more than 95% of the $10 billion in purchase orders processed.
Edict's Web EDI solutions allow small and medium size suppliers to
support the Electronic Data Interchange initiatives of their
customers, many of whom are requiring EDI as a prerequisite for
doing business. Large brand name suppliers also use Web EDI to
augment their existing in-house capabilities. Commenting on this
milestone, Jason K. Wadzinski, President and CEO of Advant-e and
Edict Systems stated: "The dollar amount of purchase orders that we
have processed for our customers and their retail partners
highlights the value that Edict Systems offers the trading
communities we serve. The average dollar amount of the purchase
orders processed was $8,500, which shows that we are reaching the
small suppliers we are targeting for our Web EDI services. By
EDI-enabling small suppliers, the large retailers we support gain
the maximum benefits from their existing EDI capabilities." Many
large companies have invested heavily in their ability to do EDI
with their large suppliers. Web EDI allows these companies to
maximize their existing EDI capabilities by connecting their small
and medium size suppliers to their existing systems. Edict Systems'
solutions enable businesses to automate data exchange and
streamline business processes with all suppliers regardless of
their size. Edict has proven itself as a leader in achieving
increased value from supply chain initiatives by working closely
with large buying organizations and over three thousand suppliers.
About Advant-e Corporation Advant-e, via its wholly owned and sole
operating subsidiary Edict Systems, Inc., is a provider of
Business-to-Business electronic commerce software and
Internet-based applications specializing in Electronic Data
Interchange (EDI) and XML-based solutions for recurring
transactions. Advant-e specializes in horizontal transaction
services via EnterpriseEC(R), an Internet-based Electronic Business
Transaction Network, and within specific vertical industries via
web-based "vortals" including http://www.groceryec.com/ ,
http://www.retailec.com/ , http://www.cpgsupplier.com/ ,
http://www.logisticsec.com/ , and http://www.mfgec.com/ . In
addition to Internet and web-based e-commerce solutions, Edict
Systems also provides e-commerce integration and bar coding
applications via its FORMULA_ONE(R) translation software and Bar
Code Label Modules. Additional information about Advant-e
Corporation can be found at http://www.advant-e.com/ and
http://www.edictsystems.com/ or by contacting investor relations at
(937) 429-4288. The company's email is . The information in this
news release includes certain forward looking statements that are
based upon assumptions that in the future may prove not to have
been accurate and are subject to significant risks and
uncertainties, including statements to the future financial
performance of the company. Although the company believes that the
expectations reflected in its forward looking statements are
reasonable, it can give no assurance that such expectations or any
of its forward-looking statements will prove to be correct. Factors
that could cause results to differ include, but are not limited to,
successful performance of internal plans, product development and
acceptance, the impact of competitive services and pricing, or
general economic risks and uncertainties. DATASOURCE: Advant-e
Corporation CONTACT: Investor Relations of Advant-e Corporation,
+1-937-429-4288, or Web site: http://www.advant-e.com/
http://www.edictsystems.com/ http://www.groceryec.com/
http://www.retailec.com/ http://www.cpgsupplier.com/
http://www.logisticsec.com/ http://www.mfgec.com/
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