estorefixture Renamed as DAVACO Sourcing

New Name Reflects Broader Range of Online Sourcing and Procurement Solutions

January 7, 2003 - Dallas, TX USA - estorefixture, the retail industry's most extensive online global sourcing and procurement service, has been renamed to DAVACO Sourcing. The new name reflects the company's expanded sourcing capabilities and marketing strategy targeting retailers and non-retailers alike.

“The face of procurement and global sourcing is changing,” stated Rick Davis, chief executive officer and president of DAVACO Sourcing. “We are responding to that change and meeting our customer interests by providing sourcing and procurement services beyond store fixtures. Our experience and success with retailers has demonstrated there is no limit to the goods and services that can be sourced online. We are looking forward to helping a variety of clients dramatically improve their sourcing process as well as identify immediate and ongoing savings.”

The Aberdeen Group, based in Boston, MA, estimates revenues for outsourced procurement services will grow from 4.8 billion reported in 2001 to 9.7 billion in 2005. According to industry research, companies that use procurement sourcing to augment overall supply management strategies are able to reduce their cost structure, better control total spending and improve operation efficiencies. Research also indicates the trend moving forward will be toward procurement outsourcing. Procurement service and technology providers offer the economies of scale, category expertise and infrastructure that many firms lack.

“DAVACO Sourcing's unique approach enables us to work hand-in-hand with our clients,” stated Gena Kay Dixon, director, DAVACO Sourcing. “We can meet their service and technology support needs as well as address the industry step changes currently in play. We are committed to providing technology and sourcing innovations that will continually make the process smarter, faster and easier. We are excited about being one of the industry thought leaders - about shaping the future of global sourcing and procurement solutions.”

DAVACO Sourcing is one of the most extensive online global sourcing and procurement service and technology providers. Through proprietary technology, vast supply market database, commodity knowledge, and online service support, DAVACO Sourcing has enabled clients to save up to 20% on goods and services and 30% savings in time. The company offers comprehensive program management capabilities including proposal development, design support, supplier research, qualification and communication, online bidding/auction services, report analysis, best practices purchasing methodology and program analysis.