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Article: E-Stamp Phases Out Internet Postage to Focus on Web-Based Shipping And Logistics Business.
- Article from:
- PR Newswire
- Article date:
- November 27, 2000
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Company Redirects Resources Toward $8 Billion Market
MOUNTAIN VIEW, Calif., Nov. 27 /PRNewswire/ --
E-Stamp Corporation (Nasdaq: ESTM), a leading provider of secure Internet-based transactions, today announced that it will phase out its Internet postage product line to enable the Company to focus on its web-based shipping and logistics solutions.
"Over the past two quarters, E-Stamp has steadily been outlining a more aggressive move into shipping and logistics," said Robert (Bo) Ewald, president and CEO of E-Stamp Corporation. "Our acquisition of two logistics companies in May of this year enabled us to move into the supply-chain execution ...