Under Strategic Alliance, Pfastship Is Integrating and Reselling Group 1's Universal Coder With Its Nexgen.Ship Software Solution
LANHAM, Md. and SANTA ANA, Calif., May 18 -- Group 1 Software (NASDAQ:GSOF) and Pfastship, a leading provider of shipping software technology, today announced an OEM agreement for global address validation technology. With this agreement, Pfastship is integrating and reselling Group 1's Universal Coder technology with its Nexgen.Ship and iSeries.Ship multi-carrier shipping automation solutions. The Universal Coder provides validation, correction and standardization of address information for over 220 countries and dependencies worldwide.
Nexgen.Ship and iSeries.Ship automate the parcel shipping process and dramatically reduce freight costs by shopping rates and eliminating inefficient routing and added surcharges. Using Group 1's technology, Pfastship will be able to verify global address information before shipping, thereby reducing carrier chargebacks associated with incorrect addresses. Group 1's technology also provides Pfastship's customers access to RDI(TM) (Residential Delivery Indicator) and DPV(TM) (Delivery Point Validation) programs. The RDI file enables parcel shippers to determine if an address is a residence or a business. With this information, parcel shippers can determine the best cost for shipping packages, as alternate carriers place a surcharge on residential deliveries. DPV enables users to verify that an actual delivery address exists, down to the apartment or suite level, thereby reducing undeliverable-as-addressed shipments resulting from inaccurate addresses.
"We are excited to announce that Group 1 Software, the leader in the direct marketing software industry for over two decades, is our new partner of choice for global address validation," said C. Eugene Cook, CEO of Pfastship. "Group 1's Universal Coder is a powerful, single-source solution for all of our address intelligence needs and provides our users unparalleled performance and ease-of-use. We look forward to working with Group 1 to support our customers' address verification needs."
"We're very pleased to enter into this partnership with Pfastship, a shipping automation provider with a track record for innovation and a rapidly expanding market presence," said Bob Bowen, CEO of Group 1 Software. "The combination of Pfastship's multi-carrier shipping software and the Universal Coder provides organizations a complete solution for parcel rate determination, shipment, routing, and delivery."
About Group 1 Software
Group 1 Software (NASDAQ:GSOF) is a leading provider of solutions that help over 3,000 organizations worldwide maximize the value of their customer and other data. Group 1 provides industry-leading technologies that allow businesses to cleanse and enrich their corporate data, generate personalized customer communications and integrate and deliver data across the enterprise. These technologies are essential components of enterprise applications including customer relationship management (http://www.g1.com/.
About Pfastship
Since 1984, Pfastship Worldwide Logistics, Inc. has developed and manufactured integrated transportation management systems designed for the IBM iSeries and Windows 2000. Pfastship automates the shipping process by providing automatic weigh/rate/label services, rate shopping, multi-weight consolidation, "bill as/ship as" options, and electronic manifesting for small package, LTL (Less Than Truckload) and import/export documents for international parcel shipments. Pfastship's customer base includes Harley- Davidson, Starbucks Coffee, Paramount Cards, J.A. Henckels Knives, and Hartmann Luggage to name a few. Pfastship's corporate office is based in Southern California. For more information, visit http://www.pfastship.com/.
This press release may contain statements relating to future plans, events or performance. Such statements may involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, demand for products and services, development of markets for the company's products and services and other risks identified in the company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which address the conditions as they are found on the date of this press release. The company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances that arise after the date of this press release or to reflect the occurrence of unanticipated events. Group 1 Software is a registered trademark and the Universal Coder is a trademark of Group 1 Software, Inc. All other brand names, trademarks and registered trademarks are the property of their respective owners.
Group 1 is a non-exclusive Licensee of the United States Postal Service. The prices at which Group 1 is offering DPV and RDI are not established, controlled, or approved by the USPS or the United States government.
CONTACT: David Peikin of Group 1 Software, +1-301-918-0818,
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; or C. Eugene Cook of Pfastship Worldwide Logistics, Inc., +1-714-800-0200,
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