MyGuide Turns to ModusLink to Streamline Its Supply Chain Operations in Europe

  
    
  
  
    
      ModusLink® 
      Corporation, a subsidiary of CMGI®, 
      Inc. (NASDAQ: CMGI) and leading provider of global supply chain 
      management solutions, today announced that MyGuide, a leader in the 
      European global positioning system (GPS) navigation market, has turned 
      to ModusLink to streamline its supply chain operations in Europe. By 
      leveraging ModusLink’s Optimized Configuration 
      Solution for late-stage product customization, MyGuide is able to 
      implement a more cost-effective, reactive supply chain that can adapt to 
      dynamic shifts in demand.
    
    
      ModusLink will perform light manufacturing and fulfillment of MyGuide’s 
      entire line of GPS navigation products to the retail channel throughout 
      Europe. This includes product flashing, localized settings and 
      on-the-spot configuration. These services enable a leaner supply chain 
      with lower inventory costs, fewer logistics charges and faster time to 
      market.
    
    
      “ModusLink offers a breadth of services that 
      are essential for MyGuide to establish a well-built supply chain that 
      ensures product availability to all of our retail customers,” 
      said Robert Hawke, quality manager for MyGuide. “With 
      ModusLink’s global footprint and scalable 
      operating infrastructure, we our confident our supply chain needs will 
      be successfully managed well into the future, as MyGuide is 
      well-positioned to expand our brand across the globe. With ModusLink as 
      our supply chain partner, we will be able to meet the demands of that 
      growth into other markets and to maintain the high level of quality and 
      service that our European customers have come to expect.”
    
    
      The Optimized Configuration Solution is a complete end-to-end offering 
      that encompasses a combination of core services, including:
    
    
      
        sourcing 
        and supply base management (SBM);
      
      
        vendor-managed inventory (VMI);
      
      
        materials 
        and content 
        management;
      
      
        light 
        manufacturing;
      
      
        fulfillment;
      
      
        e-Business;
      
      
        returns 
        management; and
      
      
        asset 
        disposition.
      
    
    
      “With the explosive growth in personal 
      electronics occurring worldwide, manufacturers like MyGuide are going to 
      experience unforeseen, very dramatic shifts in demand,” 
      said Bill McLennan, president, international business unit for 
      ModusLink. “It’s 
      not a question of if, but when, so it is essential that they address 
      their supply chains today to effectively manage those spikes tomorrow. 
      ModusLink provides services and solutions to consumer electronics 
      manufacturers across the entire supply chain, from fulfillment to 
      technical support to returns management. We are pleased that MyGuide has 
      chosen ModusLink to assist in its quest to build brand awareness and 
      customer loyalty with a solid supply chain foundation.”
    
    
      For more information on ModusLink’s Optimized 
      Configuration Solution, visit www.moduslink.com/market_solutions/consumer_ 
      electronics/optimized_product_ configuration.cfm.
    
    
      (Due to its length, this URL may need to be copied/pasted into your 
      Internet browser's address field. Remove the extra space if one exists.)
    
    
      About MyGuide GmbH
    
    
      The MyGuide Personal Navigation brand has been established over the past 
      years as one of the largest dedicated navigation solution providers in 
      Europe. MyGuide is especially well-known as the leading retailing brand 
      in Germany, UK and France. The brand and company have been aggressively 
      growing into new markets and solutions over the past period. Focused on 
      innovation and quality, MyGuide personal navigation products have won 
      numerous industry awards and are for sale in 22 countries. With offices 
      in Asia, Russia and Europe, as well as a growing worldwide network of 
      leading distributors and retailers, MyGuide is an international source 
      for mobile navigation solutions and place worldwide marketing, 
      distribution and leading-edge support at partners’ 
      disposal.
    
    
      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. ModusLink has more than 30 facilities 
      in 13 countries, creating the largest global footprint in the industry. 
      With headquarters in Waltham, Massachusetts, the company is a subsidiary 
      of CMGI, Inc. (NASDAQ: CMGI). 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 expected benefits of the 
      business relationship between ModusLink and MyGuide. The following 
      important factors and uncertainties, among others, could cause actual 
      results to differ materially from those described in these 
      forward-looking statements: ModusLink is not designated as this client’s 
      sole supplier of the services referenced in this press release; 
      ModusLink frequently sells to its supply chain management clients, 
      including the client referenced in this press release, on a purchase 
      order basis and therefore its sales are subject to demand variability; 
      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 solutions 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 customers and the loss of any of those customers 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 Annual Report on 
      Form 10-K and 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.
    
    
      ModusLink is a registered trademark of ModusLink Corporation and CMGI 
      is a registered trademark of CMGI, Inc. All other company names 
      and products are trademarks or registered trademarks of their respective 
      companies.