Wow, talk about friends in high places. Now we have Henry B. and the Senator from Pennsylvania as advocates. With Wall Street, Pennnsylvania, and the Federal government on board, it's going to be hard to stop this train.
PITTSBURGH, May 2 /PRNewswire/ -- U.S. Sen. Rick Santorum (R-Pennsylvania), today announced his support for the FreeMarkets B2B eMarketplace for use in federal procurement by agencies such as the Department of Defense (DoD). FreeMarkets, Inc. (Nasdaq: FMKT), is the original and world's leading B2B eMarketplace.
The endorsement by Sen. Santorum follows the release of a memorandum authorizing the use of online auctions for defense procurement. Issued by the Office of the Under Secretary of Defense for Acquisition & Technology, the memorandum states, "The Office of the General Counsel has advised that, if properly structured, auctioning is permissible within the framework of existing law and regulation."
"The FreeMarkets B2B eMarketplace has already proven hugely beneficial toprivate sector companies," Sen. Santorum said. "Now, public agencies can benefit from the same reductions in the cost of a range of goods and services. This will not only enhance the efficiency of government procurement, but directly benefit our nation's taxpayers."
FreeMarkets already is serving federal entities and government agencies through its B2B eMarketplace, including the United States Postal Service and the Commonwealth of Pennsylvania.
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