Mercata's We-Commerce Network Debuts PowerBuy Center On Go2Net Network; Go2Net to Offer Mercata's PowerBuy Group Purchases
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BELLEVUE, Wash.--(BUSINESS WIRE)--June 7, 2000--Mercata(TM)
(http://www.mercata.com), an e-commerce company that enables
individual buyers to combine their purchasing power to achieve
discounts on high-quality, brand-name products, today announced that
Go2Net (NASDAQ:GNET) has launched a new PowerBuy(TM) Center, powered
by Mercata's We-Commerce(TM) Network.
This establishes Go2Net as the first major Internet portal to
offer Mercata's PowerBuy group purchases, using the We-Commerce
Network's private-label solution.
"We are thrilled about this strategic relationship with Go2Net,
allowing the We-Commerce Network to expand its private-label solution
into the portal arena," said Warren Meyer, executive vice president of
Mercata's We-Commerce Network. "This expansion is yet another example
of Mercata offering group buying to a large group of customers and
will bring the power of group buying to the millions of users
currently logging onto Go2Net every day."
Go2Net's PowerBuy Center displays all PowerBuy items from
We-Commerce Network partners, including Mercata.com, and is available
at go2net. Mercata's We-Commerce Network, the
provider of hosted group buying services, hosts the PowerBuy Center,
providing the service's content and maintaining back-end support,
along with seamless integration with the Go2Net Network.
"Mercata's group buying programs extend a dynamic and new pricing
model to Go2Net's users," said Thomas Camp, Go2Net vice president of
business development. "Mercata has established itself as an innovator
in the group buying sector and we're looking forward to featuring
their convenient and cost-effective offerings."
About Mercata and the We-Commerce Network
Mercata, Inc. (http://www.mercata.com) has developed a new form of
Internet-based group buying that combines individual buyers'
purchasing power to achieve discounts on high-quality, brand-name
products and services.
For online businesses, Mercata(TM) offers an e-commerce solution
through its We-Commerce(TM) Network (http://www.we-commerce.com),
which provides online, hosted group buying services designed to allow
companies to increase sales opportunities, grow their customer bases
through viral acquisition, and better control price, margin and
inventory.
Mercata's PowerBuy(TM) group purchases and the We-Commerce Network
are powered by its patent-pending business methods and technology.
Founded in September 1998, Mercata is a privately held company with
funding from Vulcan Ventures Inc., Highland Capital Partners, Global
Retail Partners, Europ@web, Amerindo and other investors.
"Mercata," "We-Commerce" and "PowerBuy" are trademarks of Mercata,
Inc. All other names and trademarks are the property of their
respective owners.
CONTACT: Mercata - MWW/Savitt
Angie Schneider, 206/587-7764
angies@mww.com
KEYWORD: WASHINGTON
INDUSTRY KEYWORD: INTERNET E-COMMERCE RETAIL
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