Slam Dunk Networks Makes Internet Business-Critical by Guaranteeing Delivery of Electronic Transactions

Service Delivers Tremendous Cost Savings Over Existing Alternatives



Apr 02, 2001, 01:00 ET from Slam Dunk Networks, Inc.

    REDWOOD CITY, Calif., April 2 /PRNewswire/ -- Slam Dunk Networks, Inc.,
 the company that guarantees delivery of electronic transactions over the
 Internet, today announced the general availability of the world's first
 guaranteed electronic transaction delivery service.  Global automotive
 supplier Venture Industries' ($2.4 billion, 18,000 employees, and 60 locations
 worldwide) is the first announced customer to use Slam Dunk Networks'
 guaranteed electronic delivery service to streamline the way it communicates
 with suppliers and customers, cutting costs, improving trading efficiencies,
 and enhancing customer satisfaction. Currently, Slam Dunk is the only company
 that guarantees secure and reliable electronic transaction delivery to any
 destination over the Internet.
     "Slam Dunk Networks transforms the Internet from primarily an email
 network to a guaranteed commerce network.  The raw Internet simply doesn't
 provide the individual security and control that businesses require for
 mission-critical transactions -- purchase orders, credit card authorizations,
 invoices, trade confirmations, etc. -- that could be worth hundreds of
 thousands or even millions of dollars," said Robert C. Miller, CEO and founder
 of Slam Dunk Networks.  "Slam Dunk has created a network service to securely
 guarantee delivery of transaction messages anywhere in the world in seconds
 -- at a 50-80% cost savings over existing alternatives like VANs, VPNs, and
 leased lines."
     "One of the ways we have been able to make Venture Industries so
 successful and maintain a competitive advantage is by adopting smart new
 technologies like Slam Dunk," said Larry Winget, chief executive officer and
 president, Venture Industries. "Because our customers measure us on the
 accuracy and timeliness of our component deliveries, we need a guaranteed way
 to send and receive orders.  Slam Dunk provides the only service that offers
 this guarantee as well as the scalability and efficiency we need to maintain
 smooth, cost-effective operations."
     Venture Industries, the leading supplier of automotive integrated plastic
 systems, is using Slam Dunk Networks at Peguform, its German subsidiary, to
 perfect its system for managing purchase orders and other transactions. By
 using Slam Dunk's guaranteed delivery service to relay transactions with its
 suppliers, Peguform eliminates the high cost, service problems, and
 inefficiencies associated with EDI/VANs (Value Added Networks), VPNs (Virtual
 Private Networks) and faxes.  Peguform has selected Slam Dunk to connect
 120 of its suppliers by June.  Unlike VANs and VPNs, Slam Dunk can be deployed
 to trading partners is hours or days.
     "Guaranteed delivery and rapid scalability are very important to us.  We
 can't afford to slow down production because an EDI message doesn't show up,"
 said Tom Gougherty, CFO of Peguform.  "Additionally, Slam Dunk's fully secure
 system allows us to move to the Internet.  This gives us a competitive
 advantage."
     "A guaranteed, secure, and rapidly scalable way to connect businesses is a
 key piece of infrastructure to realize the efficiencies and promise of
 electronic trading," said Lisa Williams of the Yankee Group.  "If nobody does
 this the entire analyst community will have to revise our projections.  I hate
 revising my projections."
 
     Electronic Commerce Depends on Guaranteed Transaction Delivery
     Slam Dunk's innovative technology and Internet-overlay network
 architecture provide a missing infrastructure link that has prevented
 companies from fully realizing the promise of electronic commerce. Gartner
 Research predicts that the value of electronic commerce transactions will soar
 worldwide from $433 billion in 2000 to $8.5 trillion in 2005.  However,
 achieving this prediction depends on having a reliable, scalable and efficient
 way to conduct business transactions between companies of any size.  Until
 now, most companies have been reluctant to rely on the Internet for
 mission-critical business transactions. Larger companies establish costly VANs
 or VPNs to trade with their largest partners and suppliers, while expense
 prevents smaller companies from reaping the benefits of electronic trading
 altogether. Without a reliable, efficient, and scalable way to deliver
 messages electronically, companies are saddled with the cost of managing
 complex, diverse systems and are limited to a few partners.
     By creating an Internet-based, guaranteed transaction delivery service
 that is scalable, reliable, and cost-effective, Slam Dunk has opened the
 Internet to companies that want to capitalize on the benefits of conducting
 business electronically. Slam Dunk offers companies of all sizes a secure,
 managed, business-critical network for trading that maintains the flexibility,
 ubiquity and affordability of the Internet. Because Slam Dunk is based on the
 Internet, companies are not locked into using one specific telecommunications
 provider.  Furthermore, Slam Dunk's service is three to eight times more cost
 effective than expensive value-added networks (VANs) and virtual private
 networks (VPNs), which lack guaranteed message delivery.
 
     Service Behind the Guarantee
     To guarantee delivery of one -- and only one -- transaction, Slam Dunk
 encrypts and routes transaction messages along multiple paths on different
 network backbones and makes two copies of each message along the way, making
 it virtually impossible to ever lose a message.  Slam Dunk solves the
 inability to track messages over the Internet through its Network-every
 message passed into the Slam Dunk Network is continuously tracked at all
 points along the Network and stores copies of each message to multiple
 archives, creating a copy of the transaction that can be retrieved instantly.
 Slam Dunk also implements the highest levels of security available and allows
 customers to layer on any additional security services.  To resolve latency
 and performance issues, Slam Dunk has partnered with backbone providers such
 as InterNAP, Sprint, MCI and UUNet that enable the messages on Slam Dunk's
 Network to bypass congestion associated with the public Internet.  Slam Dunk
 also continually monitors Network availability and routes messages along the
 best possible paths. To ensure this high level of performance, Slam Dunk
 offers its customers Service Level Agreements (SLAs) that guarantee excellent
 quality of service.
     Slam Dunk's service is highly scalable, allowing its customers to grow
 their trading communities as they grow their business. To add a trading
 partner, a company simply sends an IP address and basic contact information of
 the partner and Slam Dunk does the rest with no added cost or implementation
 concerns for the new partner. A new trading partner can be up and running in
 days, rather than the months it takes to implement VANs or VPNs.
 
     Availability and Pricing
     Slam Dunk's service is now available worldwide. Subscriptions start at
 $1,000 per month and fall to 1 cent/KB.  Unlike VANs, VPNs and other
 solutions, no capital investment is required to use Slam Dunk.  For more
 information on how to sign up for Slam Dunk's service, please call
 888-251-6318 or visit www.slamdunknetworks.com.
 
     About Venture Industries
     Venture Industries, headquartered in Fraser, Michigan, is a $2.4 billion
 global automotive supplier providing interior systems, cockpit modules,
 front-end systems, exterior trim as well as composite closure and body panels.
 The company delivers services that encompass advanced engineering, tooling,
 manufacturing and assembly and sequencing and logistics. Venture has more than
 60 strategic facilities and alliances on five continents, forming the world's
 largest integrated automotive supply enterprise. Key customers include
 automakers in North America, Europe and Asia. For more information about
 Venture Industries visit:  www.ventureindustries.com.
 
     About Slam Dunk Networks
     Slam Dunk Networks, Inc. operates the Internet's first global
 infrastructure that offers guaranteed transaction message delivery and
 tracking.  This business commerce infrastructure rapidly connects trading
 partners around the world for business critical transactions.  The company's
 investors include: Adobe, American Express, The Barksdale Group, Cisco
 Systems, Dain Rauscher Wessels, El Dorado Ventures, Granite Ventures, Mayfield
 Fund, Oracle, SAP Ventures, Spinner Global Technology Fund, Texas Instruments,
 TIBCO, VeriSign, webMethods, and others.  Founded in December 1998, Slam Dunk
 Networks is a privately held company with corporate headquarters in Redwood
 City, California. For more information about Slam Dunk Networks visit:
 www.slamdunknetworks.com.
     NOTE:  Slam Dunk Networks, Slam Dunk, and the Slam Dunk Networks logo are
 service marks of Slam Dunk Networks, Inc.  All other products mentioned are
 trademarks or registered trademarks of their respective companies.
 
 

SOURCE Slam Dunk Networks, Inc.
    REDWOOD CITY, Calif., April 2 /PRNewswire/ -- Slam Dunk Networks, Inc.,
 the company that guarantees delivery of electronic transactions over the
 Internet, today announced the general availability of the world's first
 guaranteed electronic transaction delivery service.  Global automotive
 supplier Venture Industries' ($2.4 billion, 18,000 employees, and 60 locations
 worldwide) is the first announced customer to use Slam Dunk Networks'
 guaranteed electronic delivery service to streamline the way it communicates
 with suppliers and customers, cutting costs, improving trading efficiencies,
 and enhancing customer satisfaction. Currently, Slam Dunk is the only company
 that guarantees secure and reliable electronic transaction delivery to any
 destination over the Internet.
     "Slam Dunk Networks transforms the Internet from primarily an email
 network to a guaranteed commerce network.  The raw Internet simply doesn't
 provide the individual security and control that businesses require for
 mission-critical transactions -- purchase orders, credit card authorizations,
 invoices, trade confirmations, etc. -- that could be worth hundreds of
 thousands or even millions of dollars," said Robert C. Miller, CEO and founder
 of Slam Dunk Networks.  "Slam Dunk has created a network service to securely
 guarantee delivery of transaction messages anywhere in the world in seconds
 -- at a 50-80% cost savings over existing alternatives like VANs, VPNs, and
 leased lines."
     "One of the ways we have been able to make Venture Industries so
 successful and maintain a competitive advantage is by adopting smart new
 technologies like Slam Dunk," said Larry Winget, chief executive officer and
 president, Venture Industries. "Because our customers measure us on the
 accuracy and timeliness of our component deliveries, we need a guaranteed way
 to send and receive orders.  Slam Dunk provides the only service that offers
 this guarantee as well as the scalability and efficiency we need to maintain
 smooth, cost-effective operations."
     Venture Industries, the leading supplier of automotive integrated plastic
 systems, is using Slam Dunk Networks at Peguform, its German subsidiary, to
 perfect its system for managing purchase orders and other transactions. By
 using Slam Dunk's guaranteed delivery service to relay transactions with its
 suppliers, Peguform eliminates the high cost, service problems, and
 inefficiencies associated with EDI/VANs (Value Added Networks), VPNs (Virtual
 Private Networks) and faxes.  Peguform has selected Slam Dunk to connect
 120 of its suppliers by June.  Unlike VANs and VPNs, Slam Dunk can be deployed
 to trading partners is hours or days.
     "Guaranteed delivery and rapid scalability are very important to us.  We
 can't afford to slow down production because an EDI message doesn't show up,"
 said Tom Gougherty, CFO of Peguform.  "Additionally, Slam Dunk's fully secure
 system allows us to move to the Internet.  This gives us a competitive
 advantage."
     "A guaranteed, secure, and rapidly scalable way to connect businesses is a
 key piece of infrastructure to realize the efficiencies and promise of
 electronic trading," said Lisa Williams of the Yankee Group.  "If nobody does
 this the entire analyst community will have to revise our projections.  I hate
 revising my projections."
 
     Electronic Commerce Depends on Guaranteed Transaction Delivery
     Slam Dunk's innovative technology and Internet-overlay network
 architecture provide a missing infrastructure link that has prevented
 companies from fully realizing the promise of electronic commerce. Gartner
 Research predicts that the value of electronic commerce transactions will soar
 worldwide from $433 billion in 2000 to $8.5 trillion in 2005.  However,
 achieving this prediction depends on having a reliable, scalable and efficient
 way to conduct business transactions between companies of any size.  Until
 now, most companies have been reluctant to rely on the Internet for
 mission-critical business transactions. Larger companies establish costly VANs
 or VPNs to trade with their largest partners and suppliers, while expense
 prevents smaller companies from reaping the benefits of electronic trading
 altogether. Without a reliable, efficient, and scalable way to deliver
 messages electronically, companies are saddled with the cost of managing
 complex, diverse systems and are limited to a few partners.
     By creating an Internet-based, guaranteed transaction delivery service
 that is scalable, reliable, and cost-effective, Slam Dunk has opened the
 Internet to companies that want to capitalize on the benefits of conducting
 business electronically. Slam Dunk offers companies of all sizes a secure,
 managed, business-critical network for trading that maintains the flexibility,
 ubiquity and affordability of the Internet. Because Slam Dunk is based on the
 Internet, companies are not locked into using one specific telecommunications
 provider.  Furthermore, Slam Dunk's service is three to eight times more cost
 effective than expensive value-added networks (VANs) and virtual private
 networks (VPNs), which lack guaranteed message delivery.
 
     Service Behind the Guarantee
     To guarantee delivery of one -- and only one -- transaction, Slam Dunk
 encrypts and routes transaction messages along multiple paths on different
 network backbones and makes two copies of each message along the way, making
 it virtually impossible to ever lose a message.  Slam Dunk solves the
 inability to track messages over the Internet through its Network-every
 message passed into the Slam Dunk Network is continuously tracked at all
 points along the Network and stores copies of each message to multiple
 archives, creating a copy of the transaction that can be retrieved instantly.
 Slam Dunk also implements the highest levels of security available and allows
 customers to layer on any additional security services.  To resolve latency
 and performance issues, Slam Dunk has partnered with backbone providers such
 as InterNAP, Sprint, MCI and UUNet that enable the messages on Slam Dunk's
 Network to bypass congestion associated with the public Internet.  Slam Dunk
 also continually monitors Network availability and routes messages along the
 best possible paths. To ensure this high level of performance, Slam Dunk
 offers its customers Service Level Agreements (SLAs) that guarantee excellent
 quality of service.
     Slam Dunk's service is highly scalable, allowing its customers to grow
 their trading communities as they grow their business. To add a trading
 partner, a company simply sends an IP address and basic contact information of
 the partner and Slam Dunk does the rest with no added cost or implementation
 concerns for the new partner. A new trading partner can be up and running in
 days, rather than the months it takes to implement VANs or VPNs.
 
     Availability and Pricing
     Slam Dunk's service is now available worldwide. Subscriptions start at
 $1,000 per month and fall to 1 cent/KB.  Unlike VANs, VPNs and other
 solutions, no capital investment is required to use Slam Dunk.  For more
 information on how to sign up for Slam Dunk's service, please call
 888-251-6318 or visit www.slamdunknetworks.com.
 
     About Venture Industries
     Venture Industries, headquartered in Fraser, Michigan, is a $2.4 billion
 global automotive supplier providing interior systems, cockpit modules,
 front-end systems, exterior trim as well as composite closure and body panels.
 The company delivers services that encompass advanced engineering, tooling,
 manufacturing and assembly and sequencing and logistics. Venture has more than
 60 strategic facilities and alliances on five continents, forming the world's
 largest integrated automotive supply enterprise. Key customers include
 automakers in North America, Europe and Asia. For more information about
 Venture Industries visit:  www.ventureindustries.com.
 
     About Slam Dunk Networks
     Slam Dunk Networks, Inc. operates the Internet's first global
 infrastructure that offers guaranteed transaction message delivery and
 tracking.  This business commerce infrastructure rapidly connects trading
 partners around the world for business critical transactions.  The company's
 investors include: Adobe, American Express, The Barksdale Group, Cisco
 Systems, Dain Rauscher Wessels, El Dorado Ventures, Granite Ventures, Mayfield
 Fund, Oracle, SAP Ventures, Spinner Global Technology Fund, Texas Instruments,
 TIBCO, VeriSign, webMethods, and others.  Founded in December 1998, Slam Dunk
 Networks is a privately held company with corporate headquarters in Redwood
 City, California. For more information about Slam Dunk Networks visit:
 www.slamdunknetworks.com.
     NOTE:  Slam Dunk Networks, Slam Dunk, and the Slam Dunk Networks logo are
 service marks of Slam Dunk Networks, Inc.  All other products mentioned are
 trademarks or registered trademarks of their respective companies.
 
 SOURCE  Slam Dunk Networks, Inc.