Canadian Pharmaceutical Distribution Network Signs 7-Year Contract with ThoughtSpeed™ eCommerce for Web Based Order Management Services

Canadian Pharmaceutical Distribution Network Signs 7-Year Contract with ThoughtSpeed™ eCommerce for Web Based Order Management Services

TS Link™ Solution enables Canadian Hospitals to place Pharmaceutical orders over the Internet

Mississauga, Ontario (PRWEB) November 19, 2008

The Canadian Pharmaceutical Distribution Network (CPDN) is pleased to announce that it will introduce a new internet-based ordering system from ThoughtSpeed™ eCommerce Ltd (ThoughtSpeed). The initial term of the contract is for 7 years commencing in June, 2009, with a provision for a further 3 year contract extension.

ThoughtSpeed's TS Link™ Order Management System (OMS) will enable over 600 Canadian hospitals to place consolidated orders for their pharmaceutical needs from the 21 Pharmaceutical companies that are members of CPDN. The TS Link ™ Solution provides for consolidated web based ordering of all pharmaceuticals (including narcotics) by hospitals through an integrated catalogue hosted by ThoughtSpeed™.

"The TS Link™ Solution from ThoughtSpeed™ eCommerce provides CPDN members with a secure, easy to use system to allow Customers to order their products and a single source for reliable data on purchase history" said Darrell Skelley, CEO at CPDN. "CPDN Customers gain the advantage of an efficient and intuitive ordering experience which includes the capability for them to return product. This system offers them a single point for managing orders placed to CPDN Members" said Skelley.

"We are pleased to be chosen by CPDN as its internet based ordering solution" said Ken Will, CEO of ThoughtSpeed™. "Companies and organizations such as CPDN typically choose the TS Link™ solution from ThoughtSpeed eCommerce because of its ease of use, configurability and its ability to manage complex order management environments with complete reliability and ultimate scalability".

About ThoughtSpeed™ eCommerce

ThoughtSpeed™ eCommerce is a software development and application hosting company specializing in web based order management and distribution/supply chain related software applications. ThoughtSpeed™'s applications are built to leverage the power of the Internet to meet client order management needs and achieve the maximum return on investment. ThoughtSpeed™ customers include companies in Financial Services, Office Products, Healthcare, Consumer Packaged Goods, and Logistics Providers.

In addition to its TS Link™ OMS product, ThoughtSpeed™ has recently introduced a web based consignment inventory management solution, TS Consign™, to enable suppliers to hospitals and medical facilities to instantaneously track the status of their consignment inventory to trigger replenishment orders as well as invoices for products consumed. http://www. thoughtspeed. biz (http://www. thoughtspeed. biz)

About Canadian Pharmaceutical Distribution Network (CPDN)

The Canadian Pharmaceutical Distribution Network (CPDN) Program is a cost-savings program that permits hospitals to consolidate the ordering and delivery of pharmaceutical products from a number of independent drug manufacturers and to issue a single payment for those products. CPDN Member Companies comprise over 20 of the leading pharmaceutical companies serving the Canadian hospital market. http://www. cpdn. ca (http://www. cpdn. ca)

Contact

ThoughtSpeed™ eCommerce Ltd.

Michael Neary

(905) 672-1989 x 601

Mneary@thoughtspeed. biz

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