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Top Cutting Tool Manufacturer Selects Internet Trading Network Save Time and Money for their Distributors

YARDLEY, PA, March 2, 2004 - In an effort to help distributors save time and money, Precision, Union Butterfield, and Triumph Twist Drill recently joined Prophet 21 Trading Partner Connect, the fastest growing Internet trading network for distributors.

"Precision markets its products through a wide range of regional and local distributors throughout the United States and Canada," said Mark Wilcox, vice president of sales and marketing at Precision. "Trading Partner Connect will make it easier and more cost-effective for distributors to do business with Precision and its brands. We know that most distributors cannot afford to make substantial investments in electronic data interchange (EDI) with each of their manufacturers. Trading Partner Connect takes those costs out of the supply chain without sacrificing the benefits of conducting transactions electronically."

Precision joins more than 30 other manufacturers using the Internet trading network to streamline the commerce process with hundreds of distributors.

"Manufacturers like Precision benefit from Trading Partner Connect by improving their ability to interact with distributors, reducing supply chain costs, more accurately predicting consumer usage of their products, and increasing sales, " said Chuck Boyle, Prophet 21 president and CEO. "We're thrilled that Precision understands the benefits of using the network to work with its customers."

A Less Expensive Way to Do Business

Because Trading Partner Connect enables information exchange without human intervention, the chance of errors is greatly reduced. "The traditional ways of doing business are labor-intensive and expensive," Wilcox said. "Without Trading Partner Connect, our customers would fax or call in orders, which requires call center representatives' time and could lead to rekeying errors. Trading Partner Connect automates that exchange of information, making the process fast, easy, and inexpensive.

"Trading Partner Connect will make it easier for dozens of our customers using a Prophet 21 solution to do business with us," Wilcox concluded. "And, we'll be able to contain our costs and expand the services that we offer all of our distributors. Everyone wins."

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