MILPITAS, Calif.--(BUSINESS WIRE)--March 23, 2000--Adatom.com, Inc. (Nasdaq:ADTM - news) today announced the
signing of an exclusive agreement with the China Product Trade Net Center (CPTNC). The CPTNC is an organization officially launched in 1997 with the support
of several Chinese governmental and private institutions to enable increased sales and ensure systematic and efficient worldwide distribution of Chinese manufactured
goods.
The CPTNC initiative covers both consumer and industrial goods and aims to use Internet technology as its primary information and distribution medium.
Adatom and the CPTNC will establish a joint venture company located in Beijing, China, to work directly with the CPTNC. The joint venture company will develop
and implement the systems, Internet applications, services and support to enable the marketing and sale of industrial and consumer goods produced in China into the
U.S. as well as goods produced in the U.S. into the Chinese marketplace exclusively through Adatom.com, Inc
HOW BIG IS THIS DEAL? IS THIS THE REAL THING? CAN ADTM FOLLOW THE FOOTSTEPS OF OTHER CHINA HIGHFLYERS? |
