Headlines---
GE Enters Internet Fray
eOriginals
with Electronic Secured Documents
Sherman
and Associates/APPRO Alliance
LeasePoint
Announces Board of Directors
CIT
Expands Dell Line of Credit
Calico
Powers Newly Launched GE Capital Web Site
SAN JOSE, Calif.--(BUSINESS
WIRE)--Oct. 30, 2000--Calico Commerce, Inc. (Nasdaq:CLIC), a leading provider
of software that enables companies to sell over the Web, today announced that
GE Capital, the financial services unit of General Electric Company (NYSE:GE),
is using Calico's eBusiness application suite in several of its Web initiatives.
Calico enables customers and visitors of GE Capital sites to benefit from swift
navigation to the GE Capital products and services they need.
"Given the
breadth and depth of products and services we offer in our 28 business units,
it is imperative that our customers have direct and immediate access to the solutions
they want, when they want it, in the most convenient way possible," said Paul
Ryder, managing director of marketing, GE Capital's Corporate E-Business. "Calico's
eBusiness application suite helps us organize and present our services in a sensible
way to site users, providing our customers with an interactive and engaging online
experience that matches our specific offerings with their unique interests and
needs."
Calico(R) Advisor(TM), the company's configuration and recommendation
application based on the Java(TM) 2, Enterprise Edition (J2EE(TM)) platform, will
power portals containing information on GE Capital solutions for vertical industries
such as transportation (www.getrucking.com)
and healthcare. Other portals will address the needs and interests of horizontal
functions of customer companies, such as chief financial officers (www.gecfosolutions.com).
"As eBusiness matures, customers are becoming more sophisticated in their use
of online resources and more demanding of the corporations with whom they work,"
said Alan Naumann, president and CEO, Calico Commerce, Inc. "We help our customers
exceed their customers' expectations. By powering GE Capital web sites, we are
helping direct customers to the information they want and recommending tailored
solutions. This kind of guided-buying solution is the future of Web-based commerce,
and we're helping companies implement it today -- quickly, on an industry-standard
platform."
About GE Capital
GE Capital, with assets of more than
US$345 billion, is a global, diversified financial services company with 28 specialized
businesses. A wholly-owned subsidiary of General Electric Company, GE Capital,
based in Stamford, Conn., provides equipment management, mid-market and specialized
financing, specialty insurance and a variety of consumer services, such as car
leasing, home mortgages and credit cards, to businesses and individuals around
the world. GE is a diversified services, technology and manufacturing company
with operations worldwide.
About Calico Commerce, Inc.
Calico
Commerce, Inc. provides software that enables corporations to sell in Net markets,
direct over the Web or through existing channels. Calico's 100% Java, application
server-based eBusiness application suite meets the performance, reliability and
scalability needs of any business while allowing customers to handle complex products,
pricing and relationships via the Web through the entire customer life cycle.
As a result, organizations are able to drive revenue growth, increase customer
satisfaction and achieve competitive advantage. Calico customers include leaders
in high-technology hardware, manufacturing, telecommunications services, financial
services, home furnishings, chemicals, agriculture and retail. Calico Commerce,
Inc., headquartered in San Jose, Calif., can be found on the World Wide Web at
www.calico.com.
This
press release may contain projections or other forward-looking statements regarding
future events or the future financial performance of Calico Commerce, Inc. that
involve risks and uncertainties. Readers are cautioned that these statements are
only predictions and may differ materially from actual future events or results.
The forward looking statements contained in this press release address a variety
of subjects and should be considered in the context of the risk factors disclosed
in the company's filings with the Securities and Exchange Commission, including
its Registration Statements on Form S-1 and Form S-4, as amended, and its reports
on Form 10-K and Form 10-Q, as amended, available online at http://www.sec.gov.
All forward-looking statements are based on information available to Calico on
the date hereof, and Calico assumes no obligation to update such statements.
CONTACT:
Calico Commerce, Inc., San Jose
Katie Belding, 408/808-7655
kbelding@calico.com
or
The Horn Group, Inc.
Deborah Souza, 415/905-4022
dsouza@horngroup.com
eOriginal Inc. Completes Additional Round of Funding with $9 MillionInvestment
from eWhiteBread Partners 2000, LLLP, The Caroline Hunt TrustEstate and Renaissance
Capital Growth & Income Fund III, Inc. Among Others
BALTIMORE, Oct. 30
/PRNewswire/ -- eOriginal Inc. announced today that it has completed an additional
round of funding with $9 million raised, including investments from eWhiteBread
Partners 2000, LLLP, The Caroline Hunt Trust Estate and Renaissance Capital Growth
& Income Fund III, Inc. The funding follows previous investments from Intel Corporation,
GE Capital, Hat Creek Partners and The Caroline Hunt Trust Estate among others.
It will support product development and expansion into new markets.
eOriginal
is the only company that provides the ability to create unique, legally enforceable,
insured electronic source records and negotiable Electronic Originals(TM) needed
to make the most difficult, digital e-commerce transactions a workable reality.
eOriginal's patented technology provides a secure and trusted environment in which
to completely execute critical business transactions and transfer ownership of
an electronic negotiable instrument, such as a stock certificate or an electronic
lease.
"We are encouraged by this investment from our new and current
investors," said Michael H. Jordan, eOriginal's Chairman of the Board. "The timing
is ideal given that the federal E-Sign bill took effect earlier this month, giving
documents with electronic signatures the same legal validity as signed paper documents."
In July 2000, eOriginal and a team of mortgage industry technology leaders completed
the first paperless, fully electronic mortgage loan and home purchase in the United
States. The loan was closed, recorded and ownership transferred to the secondary
mortgage market in less than three hours, improving what is typically a 45-day
process.
In addition to the real estate financial services industry applications
of the process have been developed for international trade and commercial equipment
leasing. Other targeted industries include markets traditionally burdened by paper-intensive,
time-consuming transactions such as insurance, health care and transportation.
About eOriginal
eOriginal Inc., a leading provider of business-to-business
e-Commerce solutions, has created a patented technology process enabling the creation
of Electronic Original(TM) documents that are unique, identifiable and unalterable,
survive the execution of the transaction and serve as permanent, original source
records in electronic form. These Electronic Originals(TM) can be securely executed,
transmitted, safely stored, retrieved and transferred -- all over the Internet.
This is accomplished through the integration of best-of-class technologies of
public cryptography systems, electronic signatures, portable token devices and
smartcards, imaging and document management. The company ensures the authenticity
of the Electronic Original(TM) documents, the identity of the signatories and
the integrity of the content. eOriginal is headquartered in The Warehouse at Camden
Yards in Baltimore, Md. For more information, please visit http://www.eoriginal.com
.
SOURCE eOriginal Inc.
CO: eOriginal Inc.
ST: Maryland
IN: CPR MLM p
APPRO
And Sherman & Associates Team Up Through Strategic Alliance
BATON ROUGE,
La.--(BUSINESS WIRE)--Oct. 30, 2000--
APPRO customers can now provide
actual loan quotations to borrowers
APPRO Systems, Inc., the leading provider
of automated credit risk management and financial technologies for the lending
industry, announced that it has formed a strategic alliance with Sherman & Associates,
Inc., a San Diego-based provider of lending, leasing and credit insurance software.
Under this alliance, Sherman & Associates' calculation engine will provide complete
sets of consumer loan calculations to APPRO's customers in the banking, credit
union, mortgage and auto loan industries as a component of APPRO's LoanCenter
2000 product line and Loan Lending Center. Sherman's calculation engine is capable
of handling complete sets of consumer loan calculations that incorporate the computation
of credit insurance premiums, which vary according to individual state regulations
and lender critieria.
"APPRO has established a strong reputation by providing
its customers with effective tools for risk management, like loan applications
and credit scoring," said John Sherman, president of Sherman & Associates, Inc.
"By working with Sherman & Associates, APPRO will build upon its product offering
and enable its customers to provide actual quotes that match the banks' internal
systems, such as accrual methods and insurance calculations, resulting in a more
robust system."
"With the wide array of insurance providers and variances
in state laws, providing loan quotations is an increasingly complex field that
is best served by a specialist," said Craig Uffman, president and COO of APPRO
Systems, Inc. "We did our research and quickly found that Sherman & Associates
dominates the insurance calculation field, so it was an easy decision to partner
with them to give our customers the tools that they need."
APPRO's LoanCenter
2000 is an Internet-based risk assessment tool that evaluates credit data and
facilitates credit decisions in all areas of consumer lending for all prime and
non-prime consumers on all financial products. Loan Lending Center is a 24x7 telephone-based
lending solution that enables borrowers to submit application information and
secure loan approval within 20 minutes.
Additional contact: John Sherman,
president, Sherman & Associates, Inc.
(800) 776-6651 or
johns@shermanloan.com.
About Sherman & Associates, Inc.
Sherman and Associates, Inc. is a leading
provider of lending, leasing, and credit insurance software. The company offers
rate books, handheld computers, PC software, dynamic link libraries (DLLs), Internet
solutions and consulting for markets in consumer, commercial, and mortgage lending,
as well as in auto finance and leasing. The company's software designs, equations,
and mathematical methods are employed by more than 100,000 end-users throughout
North America. For additional information about Sherman & Associates, Inc., write
to: Sherman & Associates, Inc., 681 Encinitas Blvd. no.314, Encinitas, CA 92024,
call (800) 776-6651, or visit the company's Web site at www.shermanloan.com.
About APPRO Systems, Inc.
APPRO Systems, Inc. is the lending industry's
leading provider of comprehensive, automated credit risk management and financial
technologies for the Internet and traditional lending environments. APPRO supports
more than 200 clients, in the United States, Canada and Puerto Rico with cutting-edge
lending technologies like LoanCenter and training and education programs like
IntelliTrust. The 22-year-old company is based in Baton Rouge, La. with additional
offices in Dallas. For additional information about APPRO, write to: APPRO Systems,
Inc., 7173 Florida Blvd., Suite 100, Baton Rouge, LA 70806, or visit the company's
Web site at www.approsystems.com.
CONTACT:
For APPRO
Mr. Kelly Williams, 678/781-7202
or
Mr. Blair Logan, 678/781-7218
KEYWORD: LOUISIANA CALIFORNIA TEXAS
LeasePoint.com Announces Board of Directors
MINNEAPOLIS--(BUSINESS WIRE)--Oct.
30, 2000--LeasePoint.com, an emerging industry leader in online technology equipment
leasing, announced today it has elected a five member Board of Directors.
The members include:
Archie Black,
CFO, SPS Commerce,
Inc.; Marc Keepman,
CEO, Bridgecom;
David McNutt,
CEO, LeasePoint.com;
Tom Suter, EVP,
Agiliti; Spencer
Thomas, EVP, LeasePoint.com.
"We are proud to announce our newly elected board members," LeasePoint founder
and CEO David McNutt said. "Each of our members has been extremely successful
in building solid companies. Their expertise will help drive LeasePoint to recreate
the online leasing industry."
Archie Black serves as chief financial officer
for SPS Commerce, Inc. With over 15 years of experience in many areas of venture
capital and finance, Black also served in senior management positions at Investment
Advisers and PriceWaterhouse.
Marc Keepman was named president and chief
executive officer of Bridgecom in 1999. Prior leadership experience includes serving
as chief financial officer at IZEX and director, executive vice president and
president of Sunrise International Leasing, Inc.
David McNutt co-founded
LeasePoint.com and has served as chief executive officer since the company's inception.
McNutt also served as vice president of finance for an international machine tool
reseller, and currently serves as president of McNutt Companies, Inc., a commercial
real-estate holdings corporation.
Tom Suter, a co-founder of Agiliti,
has been executive vice president since June 1999. Suter's information technology
industry experience spans more than 20 years including, most recently, six years
with Connect/Norstan Consulting.
Spencer Thomas has served as executive
vice president since co-founding LeasePoint.com. Prior to LeasePoint.com, Thomas
co-founded and was a partner of the ISI Consulting Group. He also gained management
and sales experience at Fox Communications, Frontier Communications (now Global
Crossing) and McLeod USA. He started his career with GE Capital Fleet Leasing.
About LeasePoint.com
Located in Minneapolis, Minnesota, LeasePoint.com
is rapidly emerging as an industry-leading Internet site for businesses seeking
to lease technology equipment. LeasePoint.com matches business customers needing
technology equipment with vendors and lenders to give businesses the best lease
options available. LeasePoint does this with specially developed technology that
removes obstacles of traditional leasing and makes the process fast and easy.
CONTACT:
LeasePoint.com,
Minneapolis
Elen Bahr
Vice President of Marketing
952-841-7500
ebahr@leasepoint.com
The CIT Group Extends and Broadens Financial Services Relationship With Dell Computer
Corporation
LIVINGSTON, N.J.--(BUSINESS WIRE)--Oct. 30, 2000--The CIT
Group (NYSE: CIT; TSE: CIT.U) announced today an extension of its U.S. financial
services joint venture with Dell Computer Corporation, Dell Financial Services
(DFS), and an expansion of the international CIT financing programs for Dell customers.
DFS, based in Round Rock, Texas, is Dell's fully integrated financial services
company providing a full range of leasing and asset management services to Dell
customers in the United States. Since its launch in April 1997, DFS has provided
in excess of $4 billion of Dell product financing and is one of the fastest growing
financial services companies in the world.
Through CIT, Dell's customers
in an increasing number of countries outside of the United States have a range
of financing options available for the acquisition of Dell products. Based upon
the scale and success of the international business to date, each party has decided
to maintain the relationship whereby CIT will continue to build an integrated
leasing platform in many of the countries Dell services throughout Europe, Latin
America and Asia. Both the international agreement and the extension of DFS, the
U.S. joint venture, will have an initial term of 5 years.
"This is an
exciting time for CIT," said Albert R. Gamper, Jr., CIT Chairman, President and
CEO. "The Dell relationship is a significant one. The extension of our relationship
is an important step in assuring our shareholders that CIT will deliver on its
expansion into the technology sector."
"Dell Financial Services is strategic
to Dell in enhancing our customer's experience and Dell's beyond-the-box activity,"
said James Schneider, Dell's Senior Vice President and Chief Financial Officer.
"The team of professionals at DFS has built a world class organization and this
new agreement is evidence of our commitment to DFS and to CIT."
Founded
in 1908, and with over $50 billion in total managed assets, CIT (www.cit.com)
is the largest publicly held commercial finance organization. InformationWeek
Magazine ranks CIT No. 2 in its annual survey of the top 500 companies using innovation
in Information Technology.
For more information on Dell Financial Services,
call 1-800-955-3355.
Dell is a trademark of Dell Computer Corporation
Fortune 500 is a registered trademark of Time Inc.
CONTACT:
Stanton
Crenshaw Communications
Sammie Becker/Joe LoBello
212/780-1900
sbecker@stanton-crenshaw.com
jlobello@stanton-crenshaw.com
KEYWORD: NEW JERSEY
|
