Promodes Expands Use of the QCS.net Service to Perform
Pre-Order Sourcing Activities Via the Internet With Suppliers Worldwide Mountain View, Calif. (PROTEXT)
QCS.net Corporation (OTC Bulletin Board: QCSC) announced today that based on the high acceptance rate by its suppliers, Promodes has adapted the QCS.net service as their standard to perform pre-order sourcing activities via the Internet with their suppliers worldwide. Promodes is one of Europe's leading international retailers with 1998 total sales -- trade volume of $36 billion and consolidated net sales of $21 billion. Promodes operates a variety of retail formats including hypermarkets, supermarkets, discount stores, convenience stores and wholesale operations in 11 countries. Promodes' best know retail format is Continent, a leading operator of hypermarkets in France and Spain. Promodes' central buying company, Paris-based CIM, is responsible for the centralized sourcing of products for each of the operating countries. CIM's use of QCS.net to conduct pre-order sourcing activities with their suppliers worldwide is the first phase of Promodes' plans to connect all of the operating countries to the QCS.net service. CIM began a pilot of QCS.net with a limited number of suppliers in August 1998. Based on the pilot's success in shortening the buying cycle, Promodes decided to rollout the QCS.net service to its CIM suppliers beginning in February 1999. Since February, over 70 percent of the suppliers have either registered or committed to register to the service. Paul Mir, General Manager of CIM said, "We are very pleased at the high percentage of suppliers who have registered for the QCS.net service in such a short period of time. One reason we chose QCS.net is that it provides us with a cost-effective Extranet capable of connecting us with all our suppliers and to interface our sourcing activities directly to our in-house supplier management systems. The fact that the QCS.net service is also easily accessible and affordable for our suppliers has been a key element to us. All our suppliers have to do is pay a monthly fee and have a PC with Internet access. Unlike EDI, there's no expensive technology investments or transaction-based fees." To subscribe to the QCS.net service, which is marketed and supported by IBM worldwide, suppliers pay a fixed monthly fee of $95 for unlimited transactions. With QCS.net, suppliers create and publish public and private electronic catalogs for their buyers, complete with digital images of their products. Promodes buyers view online their suppliers' up-to-date catalogs, then send for more information through standard requests for proposals. Suppliers respond with product offers, e-forms that prompt suppliers to fill-in required buying information. After negotiating the offers, Promodes buyers compile the product offerings into company standard electronic catalogs that are interfaced to in-house management systems. Corporate reference catalogs are made available over the Internet to local buyers in each of the operating countries, reducing considerable time and cost. Olivier Mouton, Project Manager at CIM, added, "Without the time and expenses of communicating with suppliers worldwide through fax and phone, we can make better buying decisions more quickly. The QCS.net Internet-based service saves us time getting our products to our local buyers." Sean Maloy, QCS.net President and CEO, added, "We are very proud of the high percentage of Promodes suppliers that we have registered for our service. We have been able obtain this result because of Promodes effectively sharing their vision with their trading partners worldwide. We are convinced that Promodes will now be able to start realizing the enormous benefits of sourcing products using the Internet and the QCS.net solution." QCS.net Corporation (www.QCS.net) has developed an Internet- based turnkey solution for business-to-business e-Commerce that enables retailers to organize, automate and significantly reduce the cost of their pre-order merchandise sourcing activities with their merchandise suppliers around the globe. All customer, help desk, and training services are available through regional Solution Centers based in Cincinnati, Brussels, and Hong Kong. Any statements in this announcement about future results are preliminary and based on partial information and assumptions, and actual results may differ. Except for historical information presented, the matters discussed in this announcement contain forward-looking statements that involve risks and uncertainties, including the development and growth of markets targeted by QCS.net Corporation, the acceptance of Electronic Collaborative Solutions by retailers and vendors, the continuance of IBM as a business partner, subsequent competition, general economic conditions in the U.S. and abroad, and other risks detailed from time to time in the company's public disclosure filings with the U.S. Securities and Exchange Commission (SEC). Copies of the most recent forms 10K and 10Q of QCS.net Corporation are available upon request from its corporate office. ots Original Text Service: QCS.net Corporation Internet: http://www.newsaktuell.de Contact: Larry Selwitz, Investor Relations of QCS.net Corporation, (USA) 562-493-2770, or fax, (USA) 562-493-4510, or investor@QCS.net Web site: http://www.qcs.net
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