Intershop Communications AG | Press Release |
Intershop Receives First Major Contract for Full-Service E-Commerce
Intershop to handle full e-commerce operations for major manufacturer of branded goods
Jena, Germany - May 30, 2006 - Intershop Communications AG (Prime Standard: ISH2) today announced it had received the first comprehensive contract from a major international brand based in one of the German-speaking countries for its new Full-Service E-Commerce division.
This project involves Intershop taking responsibility for all the customer's e-commerce processes worldwide. The core technology will be provided by Intershop, in the shape of the company's packaged Enfinity Suite 6 software. Additionally, Jena-based Intershop will handle all other aspects of online operations, from IT services and online marketing through to debtor management, payment, logistics, and dealing with returns.
"Securing this first big comprehensive contract represents a milestone achievement for Intershop," says Ralf Männlein, the Intershop board member responsible for sales and marketing. "Realizing this major end-to-end e-commerce project will allow Intershop to demonstrate that it has evolved from a pure software provider to a holistic e-commerce company."
The project is currently planned for completion in the late summer of 2006, when all the customer's e-commerce operations will be activated. Intershop will reveal the customer's identity at a press conference scheduled to coincide with going live.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.