RELEASE: January 14, 2003
CINCINNATI — Cadence Network, Inc. announced today its continued financial success through the fourth quarter in delivering multi-site expense management solutions to Fortune 1000 companies including Key Bank, Blockbuster, The Limited, Level 3, Foot Locker, Inc., and Winn-Dixie.
"I am pleased to announce Cadence Network’s compelling results for the past three-consecutive months," commented Madeleine Ludlow, President and CEO of Cadence Network, Inc. "This has been another quarter, of what will be several successive quarters, which will demonstrate the upside potential of our business model. Through strategic partnerships, concentrated efforts on customer satisfaction and the resulting delivery of significant value to our existing customer base, we have begun to see the positive operating results we anticipated. While we recognize the industry-wide challenges, Cadence is uniquely positioned to overcome these obstacles and emerge as the ‘best-in-class’ service provider."
"The most critical component of our business model is continuing to focus on meeting and exceeding the needs of our customers. Our customers are our most prized asset," adds Ludlow.
“Cadence’s investors believe that 2003 will be a banner year for the privately-held company located in Cincinnati, Ohio, “ states Ludlow. “We have continued to evolve our end-to-end telecommunication expense management solution as well as developed a lease auditing service that thus far have proven to deliver significant returns to the market.”
About Cadence:
Cadences helps companies with multiple facilities monitor and manage one of their third largest costs of doing business - multi-site operating expenses including energy, water, trash and telecommunications.
Cadence provides Accounts Payable outsourcing solutions, web-based software applications and professional services (including invoice auditing, rate analysis, energy procurement, benchmarking and budget forecasting) that address the unique business needs of companies with many departments managing many vendors across many geographically dispersed locations.
Cadence's Solution delivers hard-dollar cost savings and resource efficiencies with average net returns greater than 200% for tens of thousands of facilities throughout North America. Cadence is an independent and privately held company located in Cincinnati, Ohio.
CONTACTS
Cadence Network Contact: Ben Dolan, Cadence Network, Inc. 866-CADENCE (866.223.3623) bdolan@cadencenetwork.com