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ModusLink Corporation, a subsidiary of CMGI, Inc. (NASDAQ: CMGI) and
provider of global supply chain management solutions, today announced
that it has been selected as a leading supply chain company in the
sixth-annual listing of the 2007 Supply & Demand Chain Executive
100, which identifies supply chain solution and service providers who
are at the forefront of enabling the 21st
century supply chain.
Supply & Demand Chain Executive’s
goal with the "100" is to highlight a broad range of solutions and
services targeted at a variety of industries, addressing the needs of
companies of varying sizes, and assisting in the transformation of the
diverse mix of functions that make up the supply chain. ModusLink’s
successful project work in both forward and reverse logistics was
recognized by the publication’s judging
committee and secured the company a place on The 2007 Supply & Demand
Chain Executive 100.
"Our readers turn to Supply & Demand Chain Executive to
learn about solutions and best practices for enabling the supply chain,
to understand trends in supply chain technology, and to benchmark their
own companies' enablement initiatives with those of other enterprises
across industry verticals," explained Andrew K. Reese, editor of Supply
& Demand Chain Executive. "We are pleased to honor ModusLink for
its innovative services and solutions that are helping its customers
meet the challenges of managing a global supply chain."
ModusLink offers its clients a comprehensive supply chain management
solution. Its Reverse Logistics Solution, which was recognized by the Supply
& Demand Chain Executive judging committee, manages all
operations related to the return and reuse of products and materials.
The company automates the entire returns process across multiple
channels giving clients greater control of their reverse supply chain,
bringing them speed of execution and visibility –
two vital criteria for maximizing the value of the supply chain.
Also key to maximizing the supply chain’s
value and total investment is the ability to integrate activities and
inventory with the forward supply chain. ModusLink designs and executes
its reverse logistics processes to minimize non-value repair, reduce
levels of idle inventory awaiting transportation and eliminate
unnecessary shipping between multiple vendors to accelerate the
processing and return to market of valuable returned products and
components. Once a product has been returned, processed, repaired and/or
refurbished—and it has been decided that it
will not be returned to forward logistics inventory—ModusLink
works with clients to remarket these units using traditional post-market
venues and other tertiary and online channels.
“We are delighted that ModusLink has been
recognized by a publication of Supply & Demand Chain Executive’s
caliber for our successful track record in helping clients to better
manage their supply chain processes”, said
Joseph C. Lawler, Chairman, President and Chief Executive Officer of
CMGI. “We look forward to building upon our
commitment to innovation and execution as we continue to expand our
solution sets for our clients worldwide.”
ModusLink, along with other recipients, will be featured in the cover
story of the June/July 2007 issue of Supply & Demand Chain Executive,
as well as online at www.SDCExec.com.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the executive's user
manual for successful supply and demand chain transformation, utilizing
hard-hitting analysis, viewpoints and unbiased case studies to steer
executives and supply management professionals through the complicated,
yet critical, world of supply and demand chain enablement to gain
competitive advantage. On the Web at www.SDCExec.com.
About ModusLink
ModusLink Corporation is a leading provider of global, end-to-end supply
chain management solutions. The company provides technology clients in
the software, computing, consumer electronics, storage and
communications markets with customized supply chain solutions that
improve time-to-market, productivity and customer satisfaction while
reducing risk and cost. ModusLink's services include consulting and
planning, sourcing and supply base management, manufacturing and product
configuration, fulfillment, logistics management, e-commerce and the
complete range of aftermarket services. With 36 facilities in 13
countries, ModusLink has the largest global footprint in its industry.
With headquarters in Waltham, Massachusetts, the company is a subsidiary
of CMGI, Inc. (Nasdaq: CMGI
- News). For
additional information, visit www.moduslink.com.
About CMGI
CMGI, Inc. (Nasdaq: CMGI), through its subsidiary ModusLink, provides
industry-leading global supply chain management services and solutions
that help businesses market, sell and distribute their products around
the world. In addition, CMGI's venture capital business, @Ventures,
invests in a variety of technology ventures. For additional information,
visit www.cmgi.com.
This release contains forward-looking statements, which address a
variety of subjects including, for example the expansion of ModusLink’s
solution sets. The following important factors and uncertainties, among
others, could cause actual results to differ materially from those
described in these forward-looking statements: ModusLink's success
depends on its ability to execute on its business strategy and the
continued and increased demand for and market acceptance of its products
and services; ModusLink may not be able to expand its operations in
accordance with its business strategy; ModusLink may experience
difficulties integrating technologies, operations and personnel in
accordance with its business strategy; ModusLink derives a significant
portion of its revenue from a small number of clients and the loss of
any of those clients would significantly damage its financial condition
and results of operations; increased competition and technological
changes in the markets in which ModusLink competes; and risks associated
with international operations. ModusLink represents a significant
percentage of CMGI's operations and the occurrence of any of the
foregoing factors may have an adverse effect on CMGI’s
results of operations and financial results. For a detailed
discussion of cautionary statements that may affect CMGI's future
results of operations and financial results, please refer to CMGI's
filings with the Securities and Exchange Commission, including CMGI's
most recent Quarterly Report on Form 10-Q. Forward-looking statements
represent management's current expectations and are inherently
uncertain. We do not undertake any obligation to update forward-looking
statements made by us.