| E-Stamp Corporation, a leading provider of secure Internet-based transactions, has announced it will phase out its Internet postage product line to enable the company to focus on its web-based shipping and logistics solutions.
“Over the past two quarters, E-Stamp has steadily been outlining a more aggressive move into shipping and logistics,” said Robert (Bo) Ewald, president and CEO of E-Stamp Corporation. “We have seen less favorable results in our Internet postage business. We have therefore determined that our best course of action is to phase out Internet postage and redeploy our resources toward the greater market opportunity presented by our logistics solutions, Digital Shipper and e-Warehouse.” Current customers for these solutions include: Oracle, Intel, Sony Music, SanDisk Corporation, Symbol Technologies, iPrint and the California Department of Forestry.
As part of the transition, the Company will reduce staff by approximately 30 percent, redeploying the existing organization and resources toward the shipping and logistics opportunity.
In a letter sent to E-Stamp customers, the Company outlined details of the transition and thanked them for helping to pioneer Internet postage. E-Stamp was the first company to receive USPS approval for Internet postage technology and the first company to offer Internet postage commercially.
In order to facilitate a smooth transition for customers, E-Stamp has partnered with Neopost Online to encourage customers to adopt Neopost’s convenient and comparable Internet Postage solution, Simply Postage. |
