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Technology Stocks : PNLK..ProNetLink..Facts Thread

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To: ilh1 who wrote ()9/21/1999 12:07:00 PM
From: Paganini  Read Replies (1) of 291
 
ProNetLink.Com(R) Completes Agreement to Open Sales Office in India
Partnership to Leverage ProNetLink.com's Far Reaching Resources with Om Business Solutions' Knowledge of India's Global Trade Marketplace
NEW YORK, Sept. 21 /PRNewswire/ -- ProNetLink.com (OTC Bulletin Board: PNLK - news), the first Global Trade Internetwork, today announced an agreement that will increase ProNetLink.com's exposure in India, one of the world's critical global trade markets. The deal calls for Mumbai-based Om Business Solutions to be the primary developer of ProNetLink.com brand identity within India, as well as market the site and its service among target businesses and professional associations.

Under the terms of the agreement, Om Business Solutions will undertake a variety of campaigns on behalf of ProNetLink.com, including trade show development, advertising sales, media relations, communications with target companies and government agencies and the coordination of India-specific content for the ProNetLink.com site.

``India represents a key market for ProNetLink.com,' noted Glenn Zagoren, Chairman of ProNetLink.com. ``Despite the fact that India boasts exports in excess of $33 billion and imports of more than $41 billion annually, the marketplace is still untapped in terms of online global trade solutions. The time is right to expand into India and, with the expert assistance of Om Business Solutions, I feel confident that we can greatly increase our presence in India within the next year.'

Om Business Solutions creates business-to-business programs for global companies wishing to trade in India. Endorsed by Mr. Jayanth Kumar, Joint Director, Commerce and Export Promotion Department of the Government of Andhra Pradesh, and the India Ministry of Commerce, the company also provides financial and real estate brokerage services for businesses and entrepreneurs looking to establish a business presence within the country.

Om Business Solutions is affiliated with a variety of companies and professional associations throughout India. Since its inception, the company has established contacts and relationships with the Indian Carpet Exporters Association, the Handloom & Knitted Garment Exporters Association, the Delhi Exporters Association, the Indo-Nepal Trade Promotion Center, the Indo-Bangladesh Trade Center and the Andhra Prasesh Chamber of Commerce.

``With the increasing support from the Government of India, companies are constantly looking for global partners to develop mutually beneficial international relationships,' commented Srinivas Gudladana, Chief Executive Officer, Om Business Solutions. ``ProNetLink.com will not only filter all the noise on the Internet, but also help companies in India expand on a global scale. We look forward to working on the cutting edge of global trade and international business with ProNetLink.com.'

The alliance with Om Business Solutions marks another step in ProNetLink.com's international expansion program. The company recently signed a marketing and promotion agreement with a consortium of Russian companies to provide Russian-specific content to the site and finalized a partnership with SWBC of the Netherlands to provide European market compliance support and legal services to ProNetLink.com members.

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