Exhibit 99.1
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For Release Contact
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Wednesday, September 20, 2000 Paul R. Streiber
Immediate Ascendant Solutions
214.348.7200 ext. 298
ASCENDANT SOLUTIONS ANNOUNCES EXTENSION, MODIFICATIONS TO SEARS
CONTRACTS
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GARLAND, Texas, Sept. 20 - Ascendant Solutions (Nasdaq:
ASDS), a provider of comprehensive order-management services and
solutions, announced today that it has extended and modified its
contracts with Sears, Roebuck and Co. (NYSE: S). The contracts
encompass Sears Wish Book catalog and wishbook.com online site
and Sears Craftsman Tools catalog.
The Wish Book contract is now scheduled to expire on July,
1, 2001, and has been updated to adjust pricing for services
provided to Wish Book, including website hosting, order capture
and order processing. Specific pricing and other terms were not
disclosed.
The Craftsman Tools catalog contract, which was already
scheduled to expire on July 1, 2001, has also been modified to
adjust pricing for the services provided under the contract
including call center, fulfillment and warehouse services.
Specific pricing and other terms were not disclosed.
"As Sears is one of our most important client relationships,
we are very pleased that they recognize the increased value of
our services," said David E. Bowe, president and CEO of Ascendant
Solutions. "We are looking forward to a terrific holiday season
for the Wish Book catalog, wishbook.com and the Craftsman Tools
catalog."
Ascendant Solutions provides integrated customer
relationship management (CRM), order management and fulfillment
services to e-tailers, catalogers and traditional retailers. The
Company's comprehensive service solutions give its clients the
ability to outsource their back-end operations, including order
capture, order processing and order fulfillment. Ascendant
Solutions integrates clients' Web sites with the Company's
network of customer contact centers,
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ASCENDANT SOLUTIONS ANNOUNCES EXTENSION, MODIFICATIONS TO
SEARS CONTRACTS
September 20, 2000
strategically located fulfillment centers and drop-ship vendors.
Ascendant Solutions' unique per-transaction pricing structure
reduces clients' initial costs and speeds their time to market.
For more information about Ascendant Solutions, please visit
http://www.ascendantsolutions.com.
This release includes forward-looking statements including
statements regarding our success in the coming holiday season.
All of our forward looking statements are made under the "Safe
Harbor" provisions of the Private Securities Litigation Reform
Act of 1995 and involve risks and uncertainties which could cause
actual results to differ materially from those in the forward-
looking statements, including but not limited to, the following:
our ability to achieve or sustain profitability; our limited
operating history; the risks associated with the failure of our
systems and services to achieve widespread market acceptance or
meet specific client needs; significant client concentration; the
fact that our client contracts are either short-term or
terminable with minimal notice; systems risks and uncertainties,
including rapid technological change and those related to the
development of our browser-based software application; the risks
related to the possible inability of our system to connect to and
manage a larger number of clients; business conditions in the
fulfillment industry generally; the impact of market competitors
and their service offerings; and such other factors that are more
fully detailed in our filings with the Securities and Exchange
Commission, including our Form 10-K for the fiscal year ended
December 31, 1999.
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