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ModusLink Named As a Leading Supply Chain Company by Supply & Demand Chain Executive MagazineWALTHAM, Mass. --(Business Wire)-- ModusLink Corporation, a subsidiary of CMGI, Inc. (NASDAQ: CMGI) and provider of global supply chain management solutions, today announced that it has been selected as a leading supply chain company in the sixth-annual listing of the 2007 Supply & Demand Chain Executive 100, which identifies supply chain solution and service providers who are at the forefront of enabling the 21st century supply chain. Supply & Demand Chain Executive's goal with the "100" is to highlight a broad range of solutions and services targeted at a variety of industries, addressing the needs of companies of varying sizes, and assisting in the transformation of the diverse mix of functions that make up the supply chain. ModusLink's successful project work in both forward and reverse logistics was recognized by the publication's judging committee and secured the company a place on The 2007 Supply & Demand Chain Executive 100. "Our readers turn to Supply & Demand Chain Executive to learn about solutions and best practices for enabling the supply chain, to understand trends in supply chain technology, and to benchmark their own companies' enablement initiatives with those of other enterprises across industry verticals," explained Andrew K. Reese, editor of Supply & Demand Chain Executive. "We are pleased to honor ModusLink for its innovative services and solutions that are helping its customers meet the challenges of managing a global supply chain." ModusLink offers its clients a comprehensive supply chain management solution. Its Reverse Logistics Solution, which was recognized by the Supply & Demand Chain Executive judging committee, manages all operations related to the return and reuse of products and materials. The company automates the entire returns process across multiple channels giving clients greater control of their reverse supply chain, bringing them speed of execution and visibility - two vital criteria for maximizing the value of the supply chain. Also key to maximizing the supply chain's value and total investment is the ability to integrate activities and inventory with the forward supply chain. ModusLink designs and executes its reverse logistics processes to minimize non-value repair, reduce levels of idle inventory awaiting transportation and eliminate unnecessary shipping between multiple vendors to accelerate the processing and return to market of valuable returned products and components. Once a product has been returned, processed, repaired and/or refurbished--and it has been decided that it will not be returned to forward logistics inventory--ModusLink works with clients to remarket these units using traditional post-market venues and other tertiary and online channels. "We are delighted that ModusLink has been recognized by a publication of Supply & Demand Chain Executive's caliber for our successful track record in helping clients to better manage their supply chain processes", said Joseph C. Lawler, Chairman, President and Chief Executive Officer of CMGI. "We look forward to building upon our commitment to innovation and execution as we continue to expand our solution sets for our clients worldwide." ModusLink, along with other recipients, will be featured in the cover story of the June/July 2007 issue of Supply & Demand Chain Executive, as well as online at www.SDCExec.com. About Supply & Demand Chain Executive Supply & Demand Chain Executive is the executive's user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. On the Web at www.SDCExec.com. 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. With 36 facilities in 13 countries, ModusLink has the largest global footprint in its industry. With headquarters in Waltham, Massachusetts, the company is a subsidiary of CMGI, Inc. (Nasdaq: CMGI - News). 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 expansion of ModusLink's solution sets. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: 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 products 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 clients and the loss of any of those clients 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 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. |
