PALM BEACH, Fla.--March 18, 2002--Workflow Management, Inc. reported that its iGetSmart.com subsidiary has signed a new 2-year contract to provide electronic vendor management services for The FACS Group, Inc., a division of Federated Department Stores, Inc.
Under the terms of the contract, iGetSmart.com will provide vendor management and fulfillment services for The FACS Group's graphic suppliers. iGetSmart's customized technology provides an outsourced, vendor neutral platform to manage print procurement, resulting in cost savings by consolidating suppliers and aggregating volume.
"We are very pleased with this new contact as it represents a significant win for our Workflow Solutions Division,'' stated Tom D'Agostino, Sr., Chairman, President and Chief Executive Officer. "Workflow Management has the capabilities to provide numerous solutions for companies seeking to significantly strengthen their operations by targeting and reducing the hidden costs within their supply chain.''
Tom D'Agostino, Jr., President of the Workflow Solutions Division and President and CEO of iGetSmart.com, stated, "We are extremely proud to have been chosen by Federated's FACS Group. The selection of the iGetsmart system by yet another customer validates the power of a fully customizable and complete end-to-end solution. iGetSmart's flexibility allows it to simultaneously manage new and existing vendors selected by the FACS Group. The platform, which is vendor neutral, enables our customers to realize meaningful cost savings while working with suppliers of their choosing. We look forward to a long, mutually beneficial relationship with Federated and FACS.''
Mr. D'Agostino, Sr., concluded, "Within the $900 billion corporate outsource industry, our ability to provide a complete end-to-end outsource solution that utilizes our proprietary iGetSmart.com technology drives growth as we increase our market share. We believe the current challenging economic and industry environment will continue, presenting us with opportunities as companies look to reduce costs through outsourcing. We expect to gain additional relationships in the future due to the strong benefits produced by the iGetSmart system.''
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