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Tuesday
August 28, 8:55 am Eastern Time
Company Press Release
North
American DataCom, Inc. and Infusion Software Group, LLC Launch
GLOBAL PTX
IUKA,
Miss. -- (BUSINESS WIRE) --- Aug. 28, 2001 - North American
DataCom, Inc. (OTC BB:NADA), the Fiber Optic and Data Storage
Company, announced that it has reached an agreement with Infusion
Software Group, LLC (Infusion) to form Global PTX, LLC. North
American DataCom, Inc. (NADC) and Infusion have established
an Application Service Provider business to design, develop
and implement data warehousing and data mining applications.
Global PTX will establish Private Trade Exchanges focusing
on providing customers with an "end-to-end" solution
for their business strategies. Initial development activities
will be designed to target the Manufacturing and Retail Business
Industry Sectors, specifically focused on vendor/customer
supply chain synchronization. Infusion is specialized software
and marketing service provider to enterprises thought the
US.
Global
PTX will offer a full range of collaborative services designed
to extract and coordinate information from databases within
the supply chain, resulting in reduced enterprise expenses
for its clients. Global PTX is targeting corporations that
makeup strategic trading groups. The service Global will provide
to the corporation will provide significant improvement in
operating efficiencies.
"Our
main focus," said Will Bangham, Infusion's president,
"is delivery of measurable economic returns to strategic
trading partners within a PTX, especially those customers
spanning international borders. Every element of the supply
chain, manufacturing process and inventory management can
be improved. Global PTX will accomplish this through Infusion's
software and consulting partnerships. Collaborative partnerships
will provide value-added services to pre-existing customer
bases, and will facilitate rapid market penetration, while
optimizing resource utilization."
"The
combination of NADC's data storage and communications network
services and Infusion's PTX business model, software and ASP
expertise will offer customers a compelling solution for global
marketing and product supply requirements," said Robert
R. Crawford, CEO of North American DataCom. Besides coordinating
the data center operations for Global PTX, NADC will provide
Global PTX customers with High Speed Internet access and other
multi-band services and products through its operations.
Safe
Harbor Statement
Statements
in this release express management's beliefs and expectations
regarding future performance. These statements are forward-looking
and involve risk and uncertainties. These risks include, but
not limited to, the ability to negotiate venture agreements,
properly identify acquisition partners, manage and integrate
acquired businesses, react to quarterly fluctuation in results,
raise working capital and secure other financing, respond
to competition and other rapidly expanding technology, deal
with market and stock price fluctuation, and other risks.
These risks are and will be detailed, from time to time, in
North American DataCom, Inc. Securities and Exchange Commission
filings. Actual results may differ materially from management's
expectations.
North
American DataCom's principal executive offices are located
at 751 County Road 989, Building 1000, Iuka, MS 38852. For
further information, contact Investor Relations, 662-424-5030,
or by e-mail at investorrelations@nadata.com.
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