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FOR IMMEDIATE RELEASE
LATIN EVENTURES LOOKS TO J.D. EDWARDS FOR E-BUSINESS FOUNDATION
International E-Business Holding Company Preparing to Launch First Latin America Business Portal; Delivering Excellent Customer Service; On-Time Delivery
DENVER, Jan. 17, 2000 J.D. Edwards & Company (NASDAQ:JDEC), a leading provider of agile e-business software solutions, today announced that Latin eVentures Ltd., a recently formed holding company for business-to-business (B2B) and business-to-consumer (B2C) ventures throughout Latin America, has selected J.D. Edwards OneWorld™ as the supply chain foundation of its B2B and B2C business portals.
Online sales are an emerging marketplace throughout Latin America. According to a study by IDC, online B2B sales in the region are estimated to reach more than $6 billion by 2003.
"With an agile enterprise system like J.D. Edwards OneWorld supporting and extending our e-business model, we are well positioned to be an e-commerce market leader throughout Latin America," said Cenmar Fuertes, founder, president and co-chairman of Latin eVentures. "Unlike many other companies in our market space, we have put into place the essential technology foundation from which to better serve our customers and deliver products on-time. Companies that cant deliver on their promises to customers, cant succeed."
Latin eVentures recently launched its first B2B e-commerce solution in Brazil, eAQUI , which provides corporations with real-time online access to the largest inventory of computer hardware and software products available. The e-commerce site will use J.D. Edwards OneWorld as its enterprise foundation, and allow online access to more than 40 product lines and 10,000 stock keeping units (SKUs).
"Like our other customers, Latin eVentures recognizes e-business competition is fierce, and in order to be successful in an emerging Internet-based market like Latin America, it needs agile and innovative technology like OneWorld," said Michael Schmitt, senior vice president of worldwide sales and marketing at J.D. Edwards. "Companies future success depends on their ability to quickly put new ideas into action and capitalize on emerging market opportunities, improve business processes and heighten levels of customer service."
Latin eVentures will implement J.D. Edwards OneWorld logistics/distribution and financial suites at five sites in North and South America, including the U.S., Mexico, Argentina, Brazil, and Chile. The entire project is scheduled to be complete in early 2000.
About Latin eVentures Ltd.
Latin eVentures was founded in September 1999, and is an e-commerce holding company based in Hamilton, Bermuda. The companys main U.S. offices are located in Irvine, California. Latin eVentures mission is to establish a number of e-commerce companies throughout Latin America focused on delivering the best online experience for corporate clients in the region. Latin eVentures has offices in Sao Paulo, Mexico City, Buenos Aires, and Santiago. Latin eVentures can be found at www.latineventures.com.
J.D. Edwards provides Idea to ActionTM software for managing the virtual enterprise and supply chain. The Company's integrated applications deliver agile E-Business solutions that give customers control over their front office, manufacturing, supply chain, logistics/distribution, human resources and finance processes for the consumer products, industrial and services industries. J.D. Edwards enables Idea to Action with ActivEraTM, a collection of tools and technologies that extend J.D. Edwards OneWorld™ and WorldSoftware™ enterprise business software and its active supply chain planning solutions. ActivEra allows customers to change their software quickly and easily during and after implementation. The Company's solutions operate in multiple computing environments, including Windows NT®, UNIX® and OS/400®, and are JavaTM and HTML enabled.
Founded in 1977, J.D. Edwards is headquartered in Denver and posted fiscal 1999 revenues of $944.2 million. Additional information can be obtained by contacting the Company at 1-800-727-5333, or via the Internet at www.jdedwards.com.
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Copyright© J.D. Edwards World Source Company, 2000. J.D. Edwards is a registered trademark of J.D. Edwards & Company. The names of all other product and services of J.D. Edwards used herein are trademarks and registered trademarks of J.D. Edwards World Source Company. . All other product names used herein are trademarks or registered trademarks of their respective owners. The historical results stated above are not necessarily indicative of the results of any future period.
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