CheMatch.com is a leading business-to-business Internet-based marketplace
for purchasers and sellers of commodity chemicals, plastics and fuel products.
Our marketplace is centered around a real-time, interactive trading exchange,
where our members bid, offer and negotiate online for the purchase and sale of
products 24 hours a day, seven days a week. Members of our secure, neutral
exchange trade products anonymously, utilizing real-time pricing and other
market information provided through our exchange. Members are pre-qualified by
us and pre-selected by each other before trading on our exchange. Our members
include more than 125 of the world's leading chemical companies and other
leading purchasers and sellers of commodity chemicals, plastics and fuel
products, including traders, distributors, brokers, manufacturers and other end
users.
Our trading exchange, located at www.chematch.com, was the first and is one
of the largest online exchanges serving the chemical industry. Over $125 million
in transactions have been traded on our exchange since February 1998, and over
$29 million in transactions were traded on our exchange in the quarter ended
December 31, 1999. In the fourth quarter of 1999, we averaged more than 35,000
metric tons of daily product bids and offers and the average transaction value
of completed trades exceeded $500,000. We generate revenues on our trading
exchange from commissions typically paid by each party to a completed
transaction.
Our strategic investors include Bayer AG, Computer Sciences Corporation,
E.I. duPont de Nemours and Company, General Electric Company, Millennium
Holdings Inc., Muehlstein Holding Corporation, Stolt-Nielsen Transportation
Group Ltd., TownsendTarnell, Inc. and William Heinemann Inc., a subsidiary of
Reed Elsevier plc. We have entered into strategic alliances with Bayer, CSC,
duPont, General Electric and Muehlstein to build our membership, to increase the
trading volume on our exchange and to generally enhance our trading exchange. In
addition, we have strategic relationships with Stolt-Nielsen to facilitate
logistics, with DeWitt & Company, Incorporated and Reed Elsevier to provide
information services, and with eCredit.com and TownsendTarnell to provide credit
and other services. |
