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Proxity Electronic
Commerce Signs with Techstreet to Provide Non Government Standards
Wednesday December 14, 11:44 am ET
VIRGINIA BEACH, Va.--(BUSINESS WIRE)--Dec. 14, 2005--Proxity,
Inc. announced today that Proxity Electronic Commerce Systems,
LLC (PECS) has signed an agreement with Techstreet, a Division
of Thomson Scientific Inc. a business unit of The Thomson
Corporation (NYSE: TOC - News; TSX: TOC - News), to provide
PECS clients with Non Government Standards referenced in the
parts and logistics database supplied by PECS. The standards
data will be available to approximately 350,000 Government
contractors and Government personnel involved in logistics.
PECS, with the initial launch scheduled in January of 2006,
will provide a service to give automatic notification on bid
opportunities to companies providing parts and services to
the U.S. Government. The service will integrate Non Government
standards and associated drawings to Government bids including
both military and Federal opportunities. Clients using the
PECS system will be able to view descriptive information about
relevant Non-Government standards and then choose to access
a full-text version of the required document. The system will
provide the first ever truly integrated system of logistics
and sales support for commercial vendors and Government buyers.
Barry Nelsen, President of PECS, an originator of the Department
of Defense's FEDLOGS logistics system states, "The PECS
system will use today's computing technologies to provide
parts and services data from over 350,000 companies supplying
12,000,000 parts used by industry and Governments around the
world. Nelsen explains that many of the Government bids require
that suppliers have full access to Non Government standards
and associated documents related to the bid. The Techstreet
system will provide all of these complimentary data requirements
for both industry and Government." Nelsen also states,
"We are very excited to work with Techstreet and Thomson
Scientific, particularly in light of their deep involvement
in the markets we serve. I am confident this will assist us
in our growth."
About Proxity Electronic Commerce Systems, LLC
Proxity Electronic Commerce Systems, LLC, (PECS) was formed
in the later part of 2005 and is a company made up of experienced
people from the logistics community. The PECS system will
provide a broadcast email system to assist purchasing agents
in all areas of commerce as well as pricing information and
parametric data on over 5 million component parts. The system
when available in January 06 will cost $120 a month or $1200
a year paid in advance.
About Proxity, Inc.
Proxity, Inc. (PINK SHEETS:PRXT - News) is a developmental
holding company specializing in the deployment and marketing
of security protection technology and government contract
fulfillment. The Company seeks to acquire and develop security
technology as well as continue to develop the PECS product
line. Proxity plans to enter into teaming and exclusive and
nonexclusive marketing and distribution agreements with products
developed for commercial, military and homeland defense. http://www.proxity.com
About Techstreet
Founded in 1997, Techstreet provides vital information resources
and online information management tools to over 90,000 engineers,
corporate librarians and technical professionals worldwide.
Through its e-commerce website, www.techstreet.com, customers
can search over 250,000 titles aggregated into one of the
largest online databases of industry codes and standards in
the world. A web-based subscription service offers multi-user
access to a custom set of full-text standards. The company
also offers publication fulfillment, e-commerce, and information
management solutions to associations and publishers, and continues
to provide innovative solutions in the field of Digital Rights
Management.
About The Thomson Corporation
The Thomson Corporation (www.thomson.com), with 2004 revenues
of $8.10 billion, is a global leader in providing integrated
information solutions to business and professional customers.
Thomson provides value-added information, software tools and
applications to more than 20 million users in the fields of
law, tax, accounting, financial services, higher education,
reference information, corporate e-learning and assessment,
scientific research and healthcare. With operational headquarters
in Stamford, Conn., Thomson has approximately 38,000 employees
and provides services in approximately 130 countries. The
Corporation's common shares are listed on the New York and
Toronto stock exchanges (NYSE: TOC - News; TSX: TOC - News).
Thomson scientific information solutions can be found at
www.thomson.com/scientific and include Techstreet offering
a wide variety of engineering codes and standards; ISI Web
of Knowledge (SM) facilitating discovery by offering seamless
navigation to high-quality, multidisciplinary journal (Web
of Science®), patent (Derwent World Patents Index®),
and Web content, evaluation tools, and bibliographic management
products (EndNote®); Thomson Pharma(SM) -an integrated
information solution for the pharmaceutical and biotechnology
markets; Delphion® providing access to full-text patent
documents from the world's leading patent authorities; and
BIOSIS Previews ® the world's most comprehensive reference
database for life science research.
This release contains statements that constitute forward-looking
statements. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of the Company, its directors or its officers
with respect to, among other things: (i) the Company's financing
plans; (ii) trends affecting the Company's financial condition
or results of operations; (iii) the Company's growth strategy
and operating strategy; and (iv) the declaration and payment
of dividends. The words "may," "would,"
"will," "expect," "estimate,"
"anticipate," "believe," "intend,"
and similar expressions and variations thereof are intended
to identify forward-looking statements. Investors are cautioned
that any such forward-looking statements are not guarantees
of future performance and involve risks and uncertainties,
many of which are beyond the Company's ability to control
and those actual results may differ materially from those
projected in the forward-looking statements as a result of
various factors.
Contact:
Proxity Electronic Commerce Systems, LLC
Barry Nelsen, 571-220-7681
barry@proxity-ec.com
or
Proxity, Inc.
Billy Robinson, 727-577-0878
billy@proxity.com
or
Thomson Scientific & Healthcare
Kristen McCarthy, 203-539-8661
kristen.mccarthy@thomson.com
or
TTC Group, Inc.
Victor Allgeier, 212-227-0997
vic@ttcominc.com |
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