12:30 | 08.03.2010
DGAP-News: Descartes Begins Testing With European Union Customs
Descartes Systems Group /
08.03.2010 12:30
Dissemination of a Corporate News, transmitted by
DGAP – a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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VANCOUVER, British Columbia, March 8, 2010 (GLOBE NEWSWIRE) — IATA World Cargo
Symposium — Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), a federated
global network logistics solutions provider, announced that it has successfully
filed its first Import Control System (ICS) test messages with European
Commission’s Taxation and Customs Union (’EU Customs Union’) as part of its GLN
Customs Filing and Compliance services.
In an effort to address the security and automation of trade shipments, the EU
Customs Union is introducing customs compliance regulations to standardize and
automate its customs filings process. European Union (EU) member states and the
community have come together to form the electronic customs multiannual
strategic plan (MASP). The goal of this plan is to provide the vision,
objectives, strategic framework and milestones towards a paperless environment
for customs and trade. The EU Customs Union Security Filing program is
scheduled to go live on January 1, 2011 in all 27 member states of the EU.
Descartes submitted its first ICS test message to the customs authority in
Belgium.
‘Today, we help our customers manage customs filings for existing regulations
in a variety of countries around the world to ensure compliance and to help
keep efficient shipment processes,’ said Jonathan Wasserman, Senior Vice
President, Global Trade Compliance Solutions at Descartes. ‘With that
experience, we look forward to having our customers ready for the EU mandate
when the time comes. Our Global Filer solution is designed to enable
organizations to streamline the customs filing process across the EU member
states as well as other countries around the world. Logistics professionals
have begun their planning and have begun working closely with Descartes’ sales,
IT and professional services teams to prepare for this important new set of
regulations.’
Descartes’ Global Filer and Customs Filing and Compliance services are a part
of Descartes’ Global Logistics Network (GLN). The GLN helps automate, manage
and streamline the end-to-end shipment process, from source to consumer, with
ongoing real-time visibility. Descartes’ customs filing and compliance services
help companies meet regulatory requirements for international shipments for
both international customs agencies and security initiatives.
For more information about Descartes’ solutions for global customs filings, and
how to be prepared for the upcoming EU regulations, visit Descartes’
representatives at the IATA World Cargo Symposium at the Sheraton Wall Centre
Hotel, Vancouver BC from March 8-11, 2010 at booths 44 & 45. Also, hear
industry experts from Descartes share their insight during the conference in
sessions on the Quality-Cargo 2000 and Customs tracks. For a detailed agenda
follow the links at http://www.iata.org/wcs2010. Or sign up to be continuously
updated at http://www.descartes.com/eubeready.
About Descartes
Descartes (TSX:DSG) (Nasdaq:DSGX) is making the world a better place by
enabling global organizations with logistics-intensive businesses to save money
by improving the productivity and performance of their operations. Underlying
Descartes’ offerings is the Descartes Global Logistics Network (GLN), one of
the world’s most extensive multi-modal business application networks. As a
federated platform, the Descartes GLN combines with component-based ‘nano’
sized applications to provide messaging services between logistics trading
partners, shipment management services to help manage third party carriers and
private fleet management services for organizations of all sizes. Descartes’
solutions and services deliver results by enabling organizations around the
world to reduce administrative costs, billing cycles, fleet size, contract
carrier costs, and mileage driven; improve pickup and delivery reliability; and
optimize working capital through fleet visibility. Descartes’ hosted,
transactional and packaged solutions deliver repeatable, measurable results and
fast time-to-value. Descartes customers include an estimated 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 more than 400 employees and is based in Waterloo, Ontario, with
operations in Atlanta, Copenhagen, Heverlee, Pittsburgh, Ottawa, Montreal,
Miami, Washington D.C., Derby, London, Silver Spring, Stockholm, Suzhou,
Shanghai, Tokyo, and Toronto. For more information, visit www.descartes.com.
The Descartes Systems Group logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4065
This release contains forward-looking information within the meaning of
applicable securities laws (’forward-looking statements’) that relate to
Descartes’ solution offering and potential benefits derived therefrom;
Descartes’ Global Filer initiative; and other matters. Such forward-looking
statements involve known and unknown risks, uncertainties, assumptions and
other factors that may cause the actual results, performance or achievements to
differ materially from the anticipated results, performance or achievements or
developments expressed or implied by such forward-looking statements. Such
factors include, but are not limited to, the factors and assumptions discussed
in the section entitled, ‘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. Readers
are cautioned not to place undue reliance upon any such forward-looking
statements, which speak only as of the date made. We do not undertake or accept
any obligation or undertaking to release publicly any updates or revisions to
any forward-looking statements to reflect any change in our expectations or any
change in events, conditions or circumstances on which any such statement is
based.
CONTACT: Descartes Systems Group
Media contact:
Nicole German
1-416-741-2838 ext. 298
ngerman@descartes.com
News Source: NASDAQ OMX
08.03.2010 12:30 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at
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and
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Language: English
Company: Descartes Systems Group
Canada
Phone:
Fax:
E-mail:
Internet:
ISIN: CA2499061083
WKN:
End of News DGAP News-Service
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