LOS ANGELES--(BUSINESS WIRE)--Nov. 20, 2000-- Vertical Computer Systems Inc. (OTCBB: VCSY), today announced that the company has formed a marketing and technical partnership with iNetPurchasing Inc., a leading provider of Internet-based government procurement services.
Under the agreement, iNetPurchasing will market Vertical Computer System's Emily(TM) technology to its customer base of more than 5000 state-approved vendors in three states as well as various local governments. The Emily XML Enabler Agent technology will be offered as an integrated part of iNetPurchasing's comprehensive e-solutions bundle as a communication interface with these vendors.
``We have performed an extensive evaluation of the Emily XML Enabler Agent over the past few months,'' said Basil Nikas, CEO of iNetPurchasing. ``After evaluating a variety of solutions and technology, we have determined that the Agent offers precisely what we need in the way of functionality, simplicity and flexibility. We see a substantial role for Emily technology in enhancing our infrastructure and providing value to our customers.''
The Emily suite of technology products is designed to aid businesses in extending their scope of business-to-business (B2B) and business-to-government (B2G) integration capabilities. Using the Emily XML Enabler Agent, vendors can easily create and publish XML product catalogs for use with the iNetPurchasing system and other aggregate buyers. The Agent technology furnishes real-time updates of product information to potential buyers and includes a built-in ``Order'' capability that allows buyers to submit purchase orders to vendors.
According to Richard Wade, president of Vertical Computer Systems Inc., ``We are offering both business and governmental sectors a powerful set of next-generation technology tools, capable of transforming communications and integration in the emerging e-procurement market. Our relationship with iNetPurchasing provides a solid launch point to introduce this technology to more than 5000 key vendors. As the market continues to expand, we see potential for substantial revenue streams for both the company and iNetPurchasing going forward.''
iNetPurchasing Inc., (iNPi) (www.inetpurchasing.com) is the leading application service provider for Internet-based government procurement services. iNPi's comprehensive e-procurement system is being contracted for by state and local government agencies throughout the United States. This service enables and empowers public sector clients with cost-saving purchasing capabilities that save time and money. It instantly puts government buyers and private sellers together for fast cost comparisons, quick sales decisions and speedy payment.
Vertical Computer Systems is a leading multi-lingual gateway provider, software developer and e-commerce solutions company based in the United States. VCSY's products and services, technology and distribution channels complement each other and are supported by its e-commerce business model, the Home Country Gateway (HCG). Utilizing its growing global network of online HCGs, the company offers B2B, B2G and B2C solutions through its wide range of accessible resources that specifically cater to the needs and desires of targeted communities around the world.
At present, VCSY has five HCGs in operation: www.theworldbridge.com, www.theusbridge.com, theindiabridge.com, www.thebrazilbridge.com, www.thechinabridge.com, and anticipates other HCG partnerships to be completed. VCSY also acquired Globalfare.com -- a complete online travel information center, www.globalfare.com. The company is also developing the Emily(TM) Framework (www.emilysolutions.com), a programming language that enables the creation of Web sites that use the XML standard and intercommunicate via XML and HTTP. Also, VCSY offers a free, easy and personalized e-mail service for all Web users (http://www.thepostmaster.net). For more information, visit the company's Web site at www.vcsy.com.
This release contains, in addition to historical information, forward-looking statements. These statements are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that may cause such a difference include, but are not limited to, competition from other portals, the company's ability to integrate information from other countries, new product acceptance, and those described in the company's filings with the SEC.