Venture Industries Selects Slam Dunk Networks to Guarantee Delivery of Electronic Transactions

Leading Supplier to the Automotive Industry Utilizing Internet Service to Cut

Costs, Improve Trading Efficiencies, and Enhance Customer Satisfaction



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

    FRASER, Mich., April 2 /PRNewswire/ -- Venture Industries, the leading
 supplier of integrated plastic systems to the automotive industry
 ($2.4 billion, 18,000 employees, and 60 locations worldwide), today announced
 that it will conduct electronic trading with its suppliers and customers with
 Slam Dunk Networks' guaranteed transaction delivery service.  By utilizing
 Slam Dunk's guaranteed service, Venture Industries is able to replace
 inefficient manual systems for delivering purchase orders and supply chain
 updates with a cost-effective, highly scalable electronic system. Venture
 Industries will extend its reach, cuts its costs, and increase the speed of
 its business transactions.
     "To remain leaders and retain a competitive edge in the automotive
 industry, we have to reduce the cost of doing business, continually enhance
 customer satisfaction and at the same time put infrastructure in place that
 will allow us to expand our business and bottom line," said Larry Winget,
 chief executive officer and president of Venture Industries. "The Internet
 clearly offers cost-benefits and new opportunities for reaching a larger array
 of suppliers and customers. Slam Dunk's guaranteed transaction delivery is the
 first of its kind as it not only allows us to leverage the Internet to cut
 costs and increase efficiencies, it also provides the guarantee we need to
 deliver the highest quality customer service."
     Venture Industries' German subsidiary, Peguform, will be the first to use
 Slam Dunk's guaranteed delivery service.  Because it has the most complex
 operations, Peguform is the Venture Industries' subsidiary most in need of the
 streamlined, guaranteed transaction delivery service that Slam Dunk provides.
 By June 2001, Peguform expects to replace slow, error-prone manual systems as
 well as costly and inefficient value-added networks (VANs) and virtual private
 networks (VPNs) that are difficult to scale.  While VANs and VPNs offer
 security, they lack efficiency-transactions can sometimes be delayed by hours
 or even days-cost-effectiveness, and the scalability required to add new
 trading partners seamlessly. With Slam Dunk's guaranteed delivery service,
 Peguform will be able to connect 120 suppliers in June of this year. Because
 its business depends on the ability to deliver parts to automobile
 manufactures on precise schedules at a reasonable cost, Peguform is
 implementing Slam Dunk's best-of-breed technology to manage and guarantee
 transactions with its suppliers.
     "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."
     "Companies such as Venture Industries face a double-edged challenge," said
 Robert C. Miller, CEO of Slam Dunk Networks.  "They must maintain precise,
 real-time communication with their suppliers and customers in order to ensure
 just-in-time delivery of their products to customers, yet have historically
 been dependent on highly inefficient, time-delayed communication methods. Slam
 Dunk offers the perfect, guaranteed solution-it provides companies such as
 Venture Industries with a reliable, rapidly scalable and efficient way to
 leverage the Internet for valuable business transactions while cutting costs
 and expanding the universe of potential trading partners."
     Utilizing a redundant distributed infrastructure that overlays the
 Internet, Slam Dunk's technology provides the missing link in current Internet
 architecture. It offers three basic benefits that help Venture Industries
 improve its operations and thus avoid costly customer-imposed fines:
 reliability -- guaranteed delivery and tracking of transaction messages
 between Peguform and its business partners; scalability -- rapid and dynamic
 addition/removal of new suppliers and customers to its trading community; and
 efficiency -- ongoing management and control of transaction traffic.
 
     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, and webMethods.  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.
 
 

SOURCE Slam Dunk Networks, Inc.
    FRASER, Mich., April 2 /PRNewswire/ -- Venture Industries, the leading
 supplier of integrated plastic systems to the automotive industry
 ($2.4 billion, 18,000 employees, and 60 locations worldwide), today announced
 that it will conduct electronic trading with its suppliers and customers with
 Slam Dunk Networks' guaranteed transaction delivery service.  By utilizing
 Slam Dunk's guaranteed service, Venture Industries is able to replace
 inefficient manual systems for delivering purchase orders and supply chain
 updates with a cost-effective, highly scalable electronic system. Venture
 Industries will extend its reach, cuts its costs, and increase the speed of
 its business transactions.
     "To remain leaders and retain a competitive edge in the automotive
 industry, we have to reduce the cost of doing business, continually enhance
 customer satisfaction and at the same time put infrastructure in place that
 will allow us to expand our business and bottom line," said Larry Winget,
 chief executive officer and president of Venture Industries. "The Internet
 clearly offers cost-benefits and new opportunities for reaching a larger array
 of suppliers and customers. Slam Dunk's guaranteed transaction delivery is the
 first of its kind as it not only allows us to leverage the Internet to cut
 costs and increase efficiencies, it also provides the guarantee we need to
 deliver the highest quality customer service."
     Venture Industries' German subsidiary, Peguform, will be the first to use
 Slam Dunk's guaranteed delivery service.  Because it has the most complex
 operations, Peguform is the Venture Industries' subsidiary most in need of the
 streamlined, guaranteed transaction delivery service that Slam Dunk provides.
 By June 2001, Peguform expects to replace slow, error-prone manual systems as
 well as costly and inefficient value-added networks (VANs) and virtual private
 networks (VPNs) that are difficult to scale.  While VANs and VPNs offer
 security, they lack efficiency-transactions can sometimes be delayed by hours
 or even days-cost-effectiveness, and the scalability required to add new
 trading partners seamlessly. With Slam Dunk's guaranteed delivery service,
 Peguform will be able to connect 120 suppliers in June of this year. Because
 its business depends on the ability to deliver parts to automobile
 manufactures on precise schedules at a reasonable cost, Peguform is
 implementing Slam Dunk's best-of-breed technology to manage and guarantee
 transactions with its suppliers.
     "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."
     "Companies such as Venture Industries face a double-edged challenge," said
 Robert C. Miller, CEO of Slam Dunk Networks.  "They must maintain precise,
 real-time communication with their suppliers and customers in order to ensure
 just-in-time delivery of their products to customers, yet have historically
 been dependent on highly inefficient, time-delayed communication methods. Slam
 Dunk offers the perfect, guaranteed solution-it provides companies such as
 Venture Industries with a reliable, rapidly scalable and efficient way to
 leverage the Internet for valuable business transactions while cutting costs
 and expanding the universe of potential trading partners."
     Utilizing a redundant distributed infrastructure that overlays the
 Internet, Slam Dunk's technology provides the missing link in current Internet
 architecture. It offers three basic benefits that help Venture Industries
 improve its operations and thus avoid costly customer-imposed fines:
 reliability -- guaranteed delivery and tracking of transaction messages
 between Peguform and its business partners; scalability -- rapid and dynamic
 addition/removal of new suppliers and customers to its trading community; and
 efficiency -- ongoing management and control of transaction traffic.
 
     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, and webMethods.  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.
 
 SOURCE  Slam Dunk Networks, Inc.