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News March 30, 12:30 Eastern Time
Global GPP Corp, a subsidiary of Internet Business's International Inc. Signs Agreement with IBM Solutions Provider Haitec of Hungary
BUDAPEST, Mar 30, 2000 (BUSINESS WIRE) --
Global GPP Corp, a subsidiary of Internet Business's
International Inc. (OTC BB: IBUI) Signs Agreement
with IBM Solutions Provider Haitec of Hungary
to Offer Free Web Site Strategic Planning, Web Site Development
and Hosting to Businesses in Central and Eastern Europe;
IBM Hungary Providing Marketing Support For The Program
to Haitec; Expansion to Other Nations Planned by Global GPP Corp
Global GPP Corp, a subsidiary of USA-based Internet Business's International,
Inc (OTC BB: IBUI) signed an agreement with the IBM Solutions Provider, Haitec
of Hungary today. IBM Hungary and their IBM Solutions Provider, Haitec, will be
introducing an offer for free web site strategic planning services and web site
development services to businesses in Hungary who participate in the Global
Group Purchase Program ("GGPP").
With funding from IBUI's Global GPP subsidiary, Haitec will work with GGPP
clients to develop a strategy to sell the client's products and services on the
Internet. Haitec will then use IBM E-Commerce Solutions to build a web site for
GGPP clients, for free.
The GGPP is an Internet-based, Business-to-Business reverse auction service that
helps companies reduce their cost of buying products and services. In reverse
auctions, buyers list products and services they wish to purchase and suppliers
bid to provide a lower price. This process delivers savings for buyers. Many
products and services purchased by a business can be obtained for a lower price
less through a reverse auction. It's simple to use and it delivers savings.
Fortune Magazine recently called reverse auctions "The Business-to-Business Tool
That Really Is Changing the World".
(www/fortune.com/fortune/2000/03/20/the.html) A recent USA Today article quoted
projected reverse auction usage of $70 billion in 2000 with estimates of $1
trillion per year in usage by 2004.
(www.usatoday.com/life/cyber/tech/cth286.htm).
The GGPP reverse auction service is free to GGPP Buyers. GGPP suppliers pay a
small commission for services. The GGPP is owned and operated by Global GPP
Corp, a subsidiary of Internet Business's International, Inc. (OTC BB: IBUI).
The GGPP can be found at www.hungary.globalgpp.com. Auctions are scheduled to
begin on Monday, 9 April 2000. IBUI plans on expanding the GGPP with other IBM
Solutions Providers globally.
Businesses who make a commitment to participate in the GGPP through Haitec will
receive free web site strategic planning and web site development services with
a value linked to the value of their GGPP purchases. Businesses will save money
through purchasing products and services through the GGPP and also receive free
web site services from Haitec.
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Acts of 1933 and Rule 3b-6
Under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other then statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objectives of the company, are forward-looking statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.
Distributed via COMTEX.
Copyright (C) 2000 Business Wire. All rights reserved.
CONTACT: Haitec in Hungary
+36 1 206 2579
or
IBUI
Albert Reda, 888/374-2844
or
Global Group Purchase Program
Marc Schechtman, 949/852-9606
949/833-0261
Fax: 949/833-0762
email: mschechtman@top-10.com
In Europe 00 386 41 766 184
KEYWORD: CALIFORNIA INTERNATIONAL
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
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