Tuesday October 19, 10:23 am Eastern Time
Company Press Release
SOURCE: ProNetLink.com
ProNetLink.com Signs Strategic Alliance Agreement with Atwood Richards, Inc, One of the Worlds Largest Barter Companies
Deal Will Bring Internet B2B Trading Opportunities to ProNetLink.com and Instantly Add Sales Offices in 28 Countries
NEW YORK, Oct. 19 /PRNewswire/ -- ProNetLink.com (OTC Bulletin Board: PNLK - news), the Global Trade Internetwork(TM), today announced that it has completed negotiations with Atwood Richards, Inc., the oldest and largest multilateral trading and marketing company of its kind in the world. The new alliance will develop an Internet barter system that will be operated by Atwood Richards and run on the ProNetLink.com Global Trade Internetwork. Atwood Richards chose ProNetLink.com after an exhaustive search and found the full array of international services on PNL's Global Trade Internetwork to best serve their global needs.
ProNetLink.com and Atwood Richards will work together to develop front-end systems that will allow ProNetLink.com members to take advantage of the process of international barter. Development is scheduled to begin immediately. As an added aspect of the alliance, Atwood Richards will also use their international offices in 30 countries to market and sell ProNetLink.com memberships, advertising and services.
``Atwood Richards is the leader in advanced global barter trading and our client base consists of mostly Fortune 500 companies,' said Moreton Binn, Chairman of Atwood Richards. ``Atwood needed a presence on the Internet. We did our due diligence on firms that had a global trade presence and a solid position on the Internet. We found that the ProNetLink.com Internetwork was technically far superior to the competition -- especially with its global reach and market penetration. We were also very impressed with their connections in Washington DC and that they were the first dot com company to be invited on a Presidential sanctioned Trade Mission.'
Established in 1958, over 40 years ago, Atwood Richards is known for revolutionizing the barter industry by moving away from traditional bilateral transactions and media-only trading. Atwood developed ``multilateral trading', as it is known today and its expertise lies in asset recovery. Clients are able to choose from a great variety of first quality products and services in exchange for their unperforming or undervalued assets such as aircraft, buildings, real estate, capital equipment, automobiles, and product inventories.
``The importance of barter is critical to international trade', said J.P. Collardeau, ProNetLink President and CEO. ``The inclusion of online barter capabilities in the Global Trade Internetwork has long been in our plans, and I am pleased to have Atwood Richards, with their depth of experience and market penetration, as ProNetLink's partner. The addition of Atwood Richards will offer an exciting new dimension for our members.'
About Atwood Richards, Inc.
Atwood Richards was founded in 1958 as a US barter company. Today, half of the company's business is overseas. In the past 20 years, the company grew from providing a method of disposing of excess, surplus and over-stocked inventory into a broad-based global and marketing-oriented business. Once implemented, Atwood's system of multi-lateral trade is an asset recovery strategy that successfully increases a corporation's cash flow, produces incremental sales and opens new markets for worldwide distribution. Atwood Richards' clients include a third of the Fortune 500 companies. Atwood has offices in 28 countries.
About ProNetLink.com
ProNetLink.com, The Global Trade Internetwork, is a comprehensive business-to-business e-commerce portal designed specifically for the international trade community. In addition to locating potential markets and trade partners, ProNetLink.com members may conduct business functions online, participate in live trade event netcasts, communicate in real-time with trading partners and receive the critical information and resources necessary for the continued growth of their businesses.
Headquartered in New York City, ProNetLink.com maintains sales offices in Israel, Russia, India and Asia. Additional offices are scheduled to open on a regular basis. For more information, please contact Andrew Silver, LaForce & Stevens, 212-242-9353, asilver@laforce-stevens.com or ProNetLink.com at 212-688-8838, email: info@pronetlink.com. ProNetLink can be reached online at pronetlink.com.
ProNetLink.com is publicly traded on the Nasdaq exchange OTC Bulletin Board: PNLK (PNLK.OB).
This release contains, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect ProNetLink.com's current judgments of those issues. However, because those statements are forward-looking and apply to future events, they are subject to risks and uncertainties, which could cause the Company's results to differ materially.
SOURCE: ProNetLink.com
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