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Visagent Selected By Top 10 Grocery Retailer For e-Procurement Initiative
Posted: 11/30/2001

Posted By: Visagent Contact: J Nykerk
Phone: 904 224 4100 Email: jnykerk@Visagent.com

Tuesday October 16, 5:22 pm Eastern Time

Press Release

SOURCE: Visagent Corporation

Visagent Selected By Top 10 Grocery Retailer For e-Procurement Initiative

Winn-Dixie Joins Visagent Grocery Exchange to Improve Procurement Processes

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Oct. 16, 2001--Visagent Corporation, a privately held technology provider for supply chain reliant industries, announced today that Winn Dixie has been admitted to its Visagent Grocery Exchange(tm).

Visagent Corporation builds comprehensive Industry Operating Systems (I-OPS)(tm) that transform inefficient legacy procurement and distribution processes into secure, independent, full service, real world solutions -- systems that harness exchange technology and the support services necessary to transform business opportunity into transaction reality.

Winn Dixie joins the rapidly expanding Grocery Exchange at a time when most exchanges have suffered an exodus of exchange users from a lack of tangible results. Mark Rubin, Visagent CEO said, ``Simpleton exchanges that offer nothing more than matching or optimization services fail to close the loop on a transaction. We understand that product visibility and matching are only the beginning of the procurement process. Trading partners are demanding that technology mimic real world transactions.''

Visagent Exchanges strengthen end-to-end supply-chain management that combines the power of exchange technology with transaction facilitation provided by leaders in technology, financial services and transportation. Rubin said, ``The future of e-commerce is pegged to real world solutions and Visagent is not afraid to roll up its sleeves and, if necessary, drive the transaction across the finish line.''

Winn Dixie initiatives to streamline the end-to-end procurement process include a need for a platform like the Visagent Grocery Exchange. Rubin said, ``The Visagent Grocery Exchange will assist Winn Dixie in bringing significant cost reducing efficiencies to the `bottom line'.''

Visagent Corporation, established in 1998 with world headquarters in Jacksonville, Fla., develops online application and real-time exchange infrastructures that solve critical deficiencies in the grocery industry procurement process. For more information on Visagent Corporation, visit its official Web site at http://www.visagent.com.

Winn-Dixie Stores Inc, (NYSE:WIN - news), is one of the nation's largest supermarket retailers, with over 1,100 stores in 14 states and the Bahamas. For more information on Winn-Dixie, visit its official Web site at http://www.winn-dixie.com.


--------------------------------------------------------------------------------
Contact:

Visagent Corporation
Jeffrey Nykerk, 904/224-4100, ext. 21
jnykerk@visagent.com




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