Trek Bicycle, a major U.S. exporter, has selected ATTUS Technologies Inc., maker of the industry leading watch list solution - WatchDOG® Pro, to facilitate its import/export compliance screening requirements.
As one of the largest bicycle manufacturers in the world, Wisconsin-based Trek exports its products to over 100 countries around the world. All of its exports are subject to a multitude of U.S. compliance laws and regulations designed to maintain the safety and security of the U.S., its citizens and its economy.
All U.S. businesses, regardless of their industry or size, are subject to the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioning program. In addition, exporters such as Trek are also subject to the laws and regulations of the US Customs and Border Protection (CBP) and the Bureau of Industry and Security (BIS).
“A solution like WatchDOG® Pro allows Trek to choose the watch lists relevant and required for their specific business and then simultaneously cross check their entire database or a single transaction against those lists,” said Tom Fedell, president and CEO of ATTUS Technologies, Inc. “That gives Trek an enormous amount of control over their screening process, as well as the confidence that they are maintaining full compliance with OFAC, CBP and BIS.”
WatchDOG® Pro uses an advanced name search algorithm. Developed by the technology experts at ATTUS, this cutting edge functionality generates more precise results which gives its users greater assurance of the accuracy of its positive matches and less false positive matches to investigate. Pro’s easy-to-use navigation and web-based platform make it possible for any assigned Trek employee to quickly and accurately maneuver its sophisticated technology in order to complete the company’s watch list screening compliance obligations.
“Being able to process our international shipping faster and more efficiently is going to improve our delivery to our customers, and ultimately our global business. This program is a huge logistical step for us,” said Jody Swentik, International Logistics Manager and Licensed Customs Broker of Trek Bicycles.
“Trek is well known for its stewardship of the environment for such feats as being the first Wisconsin manufacturer to switch to renewable electric power,” added Fedell. “Its desire to better fulfill its compliance obligations through WatchDOG® Pro is just one more sign of its commitment to being an excellent corporate citizen by protecting the U.S. economy from sanctioned individuals, entities or countries.”
Monday, October 25, 2010
Tuesday, October 19, 2010
ATTUS to Provide BIS Trade Compliance to Progressive International
Progressive International Corporation, the kitchenware manufacturer and exporter, today announced it will employ ATTUS Technologies’ WatchDOG® Pro, the industry standard in advanced watch list screening, to fulfill its BIS trade compliance obligations.
Progressive International’s practical, inventive and fun kitchen gadgets and tools are sold domestically and internationally in Canada, Europe, South America and other international markets. As a U.S. based company, Progressive understands its duty to fulfill the Office of Foreign Assets Control (OFAC) watch list screening. It also knows that because it does business internationally it must comply with the myriad export laws and regulations issued by US Customs and Border Protection (CBP) and the Bureau of Industry and Security (BIS).
“We are thrilled to add Progressive International to the ranks of WatchDOG® Pro users,” said Tom Fedell, president and CEO of ATTUS Technologies, Inc. “Like many U.S. businesses, they are subject to a number of diverse, compliance obligations. WatchDOG® Pro provides them with a single, customizable solution that takes care of all of their compliance needs at once.”
WatchDOG® Pro is a web-based solution that uses an advanced, name search algorithm to simultaneously cross check a single customer transaction or an entire customer database against all applicable watch lists. ATTUS provides over twenty watch lists from which to choose, allowing its clients to select the right combination of watch lists for their business model. In Progressive’s case, WatchDOG® Pro will scan the BIS list, the OFAC Specially Designated Nationals (SDN) list, and the OFAC Sanctioned Countries list.
“We feel confident that we have our basis covered and it [WatchDOG® Pro] is so easy to use,” said Allison Elgar, Export Compliance Manager of Progressive International.
“Progressive told us they wanted WatchDOG® Pro because of its ease of use,” added Fedell. “The great thing about this product is that they didn’t have to exchange compliance totality to get that simplicity. By incorporating WatchDOG® Pro into each of their world-wide offices, Progressive can now be certain that they have a consistent, verifiable trade compliance system in place that satisfies U.S. Customs and the BIS.”
Progressive International’s practical, inventive and fun kitchen gadgets and tools are sold domestically and internationally in Canada, Europe, South America and other international markets. As a U.S. based company, Progressive understands its duty to fulfill the Office of Foreign Assets Control (OFAC) watch list screening. It also knows that because it does business internationally it must comply with the myriad export laws and regulations issued by US Customs and Border Protection (CBP) and the Bureau of Industry and Security (BIS).
“We are thrilled to add Progressive International to the ranks of WatchDOG® Pro users,” said Tom Fedell, president and CEO of ATTUS Technologies, Inc. “Like many U.S. businesses, they are subject to a number of diverse, compliance obligations. WatchDOG® Pro provides them with a single, customizable solution that takes care of all of their compliance needs at once.”
WatchDOG® Pro is a web-based solution that uses an advanced, name search algorithm to simultaneously cross check a single customer transaction or an entire customer database against all applicable watch lists. ATTUS provides over twenty watch lists from which to choose, allowing its clients to select the right combination of watch lists for their business model. In Progressive’s case, WatchDOG® Pro will scan the BIS list, the OFAC Specially Designated Nationals (SDN) list, and the OFAC Sanctioned Countries list.
“We feel confident that we have our basis covered and it [WatchDOG® Pro] is so easy to use,” said Allison Elgar, Export Compliance Manager of Progressive International.
“Progressive told us they wanted WatchDOG® Pro because of its ease of use,” added Fedell. “The great thing about this product is that they didn’t have to exchange compliance totality to get that simplicity. By incorporating WatchDOG® Pro into each of their world-wide offices, Progressive can now be certain that they have a consistent, verifiable trade compliance system in place that satisfies U.S. Customs and the BIS.”
Thursday, October 7, 2010
CSI Reports Record Results for Second Quarter Fiscal 2011
Computer Services, Inc. (CSI) (OTCQX: CSVI) today reported record revenues and record net income for the second quarter and six months ended August 31, 2010.
Second quarter revenues rose 12.7% to $41.9 million in fiscal 2011 compared with $37.2 million in the second quarter of fiscal 2010. Net income rose 19.1% to $6.2 million, and net income per diluted share increased 20.6% to $0.41 compared with the prior year’s second quarter.
“CSI’s record results benefited from organic growth across our major business segments and the contribution of the MSI acquisition completed as of October 1, 2009,” stated President and Chief Executive Officer Steven A. Powless. “This was our 26th consecutive quarter of revenue growth and highlights the resilience of our recurring fee-based revenue model and the largely non-discretionary nature of our products and services in this tough economy.
“Our sales growth rate has accelerated since last year due to the MSI acquisition. We remain positive about the continued opportunities to cross-sell MSI’s print and mail services, and its online document delivery solution. The MSI platform also improves our diversification of revenues while providing new customer markets for the potential to cross-sell other CSI services,” continued Mr. Powless.
See the full Release here.
Second quarter revenues rose 12.7% to $41.9 million in fiscal 2011 compared with $37.2 million in the second quarter of fiscal 2010. Net income rose 19.1% to $6.2 million, and net income per diluted share increased 20.6% to $0.41 compared with the prior year’s second quarter.
“CSI’s record results benefited from organic growth across our major business segments and the contribution of the MSI acquisition completed as of October 1, 2009,” stated President and Chief Executive Officer Steven A. Powless. “This was our 26th consecutive quarter of revenue growth and highlights the resilience of our recurring fee-based revenue model and the largely non-discretionary nature of our products and services in this tough economy.
“Our sales growth rate has accelerated since last year due to the MSI acquisition. We remain positive about the continued opportunities to cross-sell MSI’s print and mail services, and its online document delivery solution. The MSI platform also improves our diversification of revenues while providing new customer markets for the potential to cross-sell other CSI services,” continued Mr. Powless.
See the full Release here.
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