Agentrics, LLC

November 15, 2005 09:05 ET

GNX and WWRE Complete Merger Transaction to Form Agentrics

ALEXANDRIA, Va. & CHICAGO--(CCNMatthews - Nov 15, 2005) -

Agentrics Consolidates Customer Base of Almost $1 Trillion in Revenues, and Forms the Retail Industry's Largest Commercial Collaboration Platform for Retailers and Their Trading Partners

GNX and the WorldWide Retail Exchange (WWRE) announced today that the companies have closed the merger transaction, which was announced earlier this year. The merged company is named Agentrics LLC - highlighting the business' core competency, as the AGENT for Retail Information and Collaborative Solutions within the global retail and consumer products industry.

"As investors and customers, we regard Agentrics as a trusted agent for enabling our collaborative interactions with suppliers," said Eric Reiss, CFO at Carrefour, member of Agentrics' board. "Agentrics is in a privileged position to leverage their unique insights into our business requirements and deliver high value-added solutions across the retail supply chain."

Bringing together two separate businesses serving more than 50 global retailers and thousands of suppliers, manufacturers and distributors, Agentrics effectively becomes one of the world's largest retail technology solution providers from inception.

"We are delighted to announce the closure of this deal and have already made great strides in the integration of the two businesses," said Kevin Smith, SVP Supply Chain & Logistics, CVS/pharmacy, and member of Agentrics' board. "Our members on both sides are eager to leverage Agentrics' expanded solutions platform and collaborate to significantly improve the pace of standards creation and solutions adoption."

Agentrics has headquarters in both Alexandria, Virginia and Chicago, Illinois, and offers a portfolio of solutions that include:



-- Online Auctions & Strategic Sourcing Services and Consulting

-- Supply Chain Collaboration Solutions, including:

-- Global Data Synchronization & Data Quality services and
consulting

-- Collaborative Supply Chain planning, promotions management
and event collaboration management

-- Operational Point-Of-Sale (POS) data exchange and value
added services

-- Trading Partner Performance score-carding and management

-- Product Lifecycle Management



In addition, the company has a Global Services and Consulting arm to assist retailers and manufacturers in defining strategic collaboration direction, evaluating complimentary technologies, and assisting with trading partner rollout and mass enablement. Agentrics is combining the communities and working groups of both WWRE and GNX, to share best practices, drive and implement global standards, and deliver requirements directly into the solutions development roadmap.

The Agentrics senior leadership team, led by Christopher Sellers (Executive Chairman) and Joseph Laughlin (CEO), brings together the best executive talent of both companies to drive high levels of solution adoption and customer return on investment.

"With a presence in the USA, Europe and Asia Pacific, our global team serves customers within their countries of operation," said Christopher Sellers, Executive Chairman of Agentrics. "We have made considerable headway in our consolidation plans, launched a ground-breaking new point-of-sale data-sharing solution platform(1), and have a clear roadmap for leveraging our strategic position as a trusted industry conduit and channel for collaboration."

Among the immediate priorities of Agentrics is the consolidation and rationalization of the software and technology platforms from GNX and WWRE, which will result in a cost advantage to the new company. Through technology partnerships and investment, Agentrics will operate an integrated, value-added collaboration interface for retailers and their supplier that reduces cost to serve, accelerates time to market, and enhances consumer value.

"Agentrics delivers a critical mass from inception," said Joe Laughlin, CEO of Agentrics. "Our solutions and services are driven directly from the business needs of 50 global retailers and their thousands of suppliers. Agentrics has unparalleled access to this membership for product development, sharing best practices, and driving mass usage and adoption of collaborative solutions."

About Agentrics

Agentrics provides collaboration solutions and services that connect retailers, manufacturers and their trading partners to streamline and automate sourcing, product introduction and supply chain processes. Agentrics' solutions help retail industry trading partners reduce costs and improve efficiency by leveraging information visibility and joint work processes. Agentrics currently consists of members from Asia, Europe, North America and South America with combined sales of approximately U.S. $1 Trillion. Agentrics is proud to serve leading retailers and manufacturers, among which, customers and investors include, amongst others: Aeon, Ahold USA, Ahold, Albertsons, Auchan, Best Buy, Campbell's Soup Co., Canadian Tire, Carrefour, Casino, Coles Myer, Coop Italia, Coop Switzerland, Costco, CVS/pharmacy, Dairy Farm, Dansk, Delhaize Group, Diageo, El Corte Ingles, E-Plat, Food Lion, GSK, Karstadt, Kingfisher, Quelle, Kroger, Lexmark, Lotte, Makro Asia, Manor, Markant, Marks & Spencer, Metro, Migros, Panasonic, PPR, Publix, Radio Shack, REWE, Safeway, Sainsbury's, SCA Hygiene, Schering Plough, Sears Canada, Sears Roebuck and Co., SeS, Shopko, Smart and Final, Target, Tesco, Vinculum, and Walgreen's. Agentrics operates from dual HQ offices in Alexandria, VA and Chicago, IL USA, with a satellite presence in Tokyo, London & Paris.

For more information, visit the announcement website at www.agentrics.com.

(1) http://www.verisign.com/wwre

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