WATERLOO, ONTARIO--(CCNMatthews - Oct. 31, 2006) - Logistics software and services specialist The Descartes Systems Group Inc. (TSX:DSG) (NASDAQ:DSGX) will be hosting a webcast series to educate truck carriers and freight forwarders on the recently announced United States Customs and Border Protection's (CBP) mandatory Automated Commercial Environment (ACE) e-Manifest initiative.
The e-Manifest initiative requires truck carriers and freight forwarders to provide CBP with electronic shipment, carrier and other information through ACE prior to the truck entering the United States. Trucks entering the United States through all ports of entry in the states of Washington, Arizona and selected ports in North Dakota will be required to transmit the advance information through ACE effective January 25, 2007. ACE will be phased in at the remaining ports of entry as quickly as 90 days after notice is printed in the Federal Register. On October 23rd, CBP indicated that all the ports in Michigan, Texas, California, New Mexico and New York will be phased in next.
Descartes will hold three webcasts to educate and provide suggested preparation steps to comply with the e-Manifest initiative. The webcasts are scheduled to be held on November 14th, 21st, and December 5th. Guest speakers include Sandra Scott, President and CEO of SASync Borders LLC and former director of international relations for motor carrier industry giants Roadway Express, Inc. and YRC Worldwide Inc.
"With e-Manifest now mandatory, we want to give our customers an understanding of how ACE and the e-Manifest initiative will impact their organization and suggest steps they can take to comply," said Edward Ryan, General Manager of Descartes' Global Logistics Network. "Carriers and freight forwarders who pride themselves on superior customer service are moving to comply with the e-Manifest initiative immediately, and we're pleased we can help them."
Customers can sign up for one of the webcasts by visiting Descartes' website at www.descartes.com or calling 678-247-0427.
Descartes (NASDAQ:DSGX) (TSX:DSG) is a software-as-a-service company that has been dedicated since its founding in 1984 to developing the world's largest multimodal electronic logistics messaging network, called the Global Logistics Network or GLN. Descartes' on-demand GLN processes more than a million messages every day for companies with transport operations. Descartes also offers software layered on top of the GLN for areas including truck scheduling and route optimization that allows carriers, shippers and intermediaries to translate these messages into actionable information. This information is shared by more than 3,000 Descartes customers, and their customers, in 60 countries. Descartes' customers include about 1,600 ground carriers and more than 90 airlines, 30 ocean carriers, 900 freight forwarders and third-party providers of logistics services, and hundreds of manufacturers, retailers, distributors, private fleet owners and regulatory agencies. The company has about 295 employees and is based in Waterloo, Ontario, with operations in Ottawa, Atlanta, Pittsburgh, Washington, D.C. and Stockholm.
This release contains statements that are considered forward-looking information by applicable securities laws ("forward-looking statements"), including statements that relate to Descartes' product and service functionality and performance; potential benefits derived therefrom; the requirements and effective date of CBP's mandatory e-Manifest initiative and order that states will be phased in; the scheduling of Descartes' webcasts; Descartes' ability to aid compliance with ACE and the e-Manifest initiative; Descartes' competitive position; and other matters that may constitute forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of Descartes to differ materially from the anticipated results, performance or achievements implied by such forward-looking statements. Such factors include, but are not limited to, changes in changes in Descartes' solutions or services; changes in CBP's e-Manifest initiative or when such initiative becomes mandatory on a port-by-port basis; re-scheduling of Descartes' webcasts; and the factors discussed in the sections entitled "Risk Factors" and "Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada. If any of such risks or factors actually occurs, they could materially adversely affect our business, financial condition and results of operations.
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