TREY
SEATTLE, Mar 22, 2000 /PRNewswire via COMTEX/ -- Treasury
International, Inc. (OTC Bulletin Board: TREY), today announced the
launch of Retailport.com, Inc. to provide Retailers with Internet-based
Retail Enterprise Management, E-Commerce and E-Business procurement
solutions. Through ActiveRMS, Retailport.com, Inc. helps Retailers
manage their in-store POS system, inventory control, online business
initiatives plus allows them to efficiently build an online marketplace
around their enterprise.
These Online Trading Co-operatives ("Co-ops") link retailers to their
suppliers, partners and distributors over the Internet. They also allow
for seamless deployment of e-commerce websites, online purchasing and
procurement. Initial target markets include hard goods retail,
cellular/digital communications, home electronics and sporting goods.
Online Trading Co-operatives are expected to capture up to 17 percent
of the business to business (B2B) market which Forrester Research
predicts will reach $1.3 trillion by 2003. Retailport.com believes its
early position offers a strategic advantage to capture its share of
this fast growing market.
"Our intention is to partner with leading retailers in different
verticals to build these online co-ops. These retail partners bring
both a 'bricks and mortar' presence plus a vision for the opportunity
the Internet offers for them to more efficiently exchange information
with their trading partners.
"Major retailers such as Sears have initiated similar ventures; our
technology tool set enables independent retailers to compete with the
major players and to realize similar business benefits from the
Internet," said Lorne Shantz, vice president of business development
for Retailport.com, Inc. He went on to say "these online co-operatives
offer retailers a way to reduce costs associated with inventory,
customer relationship management and purchasing."
Marlin Doner, Chief Operating Officer of Treasury, said, "This new
business venture perfectly compliments our growing technology asset
base at Treasury. With Compelis Corporation continuing to expand its
presence within distribution and manufacturing markets we felt it was
important to allow ActiveRMS to gain its own identity. The company will
continue on its mandate to build proprietary information technology
solutions and introduce them through strategic relationships with Value
Added Partners."
Certain information in this news release is forward-looking, relating
to matters that may be affected by risks and uncertainties in the
Company's business. These forward-looking statements are qualified in
their entirety by the cautionary statements continued in the Company's
Securities and Exchange Commission filings.
Contact Information:
Treasury International, Inc., Kitchener
Marlin Doner 519/579-9500, 519-579-4299 fax
info@treyinvestor.com
www.treyinvestor.com
SOURCE Treasury International Inc. |
