VERT---> Creates Co-Branding Relationship With BioSupplies.com to
Strengthen Its Presence in the Scientific Community
HORSHAM, Pa., Jan 5, 2000 (BUSINESS WIRE) --
New Site Will Create a New Channel and New E-Commerce
Medium for BioSupplies.com
VerticalNet, Inc. (NASDAQ:VERT), the Internet's leading portfolio of
business-to-business communities of commerce, announced today that it
has formed an alliance with BioSupplies.com, a specialized Internet
e-commerce site for life science researchers.
The agreement will increase VerticalNet's presence in the field of
scientific research while providing BioSupplies.com a new channel for
their e-commerce engine and a new e-commerce medium in the form of an
online auction.
According to the terms of the agreement, VerticalNet(R) will develop a
BioSupplies.com branded version of LabX, its laboratory equipment
auction community. In order to maximize its presence within the
VerticalNet Community, BioSupplies.com will purchase 70 e-commerce
centers (ECC) from VerticalNet, which will be distributed throughout
VerticalNet's science communities: Bioresearch Online.com, Drug
Discovery Online.com, and Laboratory Network.com. If a BioSupplies.com
user is looking for used products, they can go to its new co-branded
auction site. Likewise, VerticalNet Scientific Community users will
have access to Biosupplies.com e-commerce engine and vendors. In
addition to providing a new e-commerce medium and new channel to
BioSupplies.com, VerticalNet will also disseminate editorial content on
the BioSupplies.com site. Original content from VerticalNet's Science
communities and Pharmaceutical Online will enrich the site for users by
providing relevant industry news.
"Our collaboration with BioSupplies.com enables VerticalNet to extend
its reach within the scientific community through our ability to offer
auction capabilities and new channels for our partners," said Mike
Hagan, executive vice president of VerticalNet. "At the same time, this
agreement is a continuation of our efforts to provide our vertical site
customers with the most comprehensive resource of information and
product offerings in their designated field."
"The combination of VerticalNet's auction capabilities and
BioSupplies.com's extensive database and e-commerce engine creates a
comprehensive resource for researchers in the biotechnology and
biomedical fields," said Jay Venkatesan, President of BioSupplies.com.
"We are also excited about the increased marketing capabilities this
agreement will provide."
About BioSupplies.com
BioSupplies.com is a leading privately-held e-commerce provider and
portal for the biomedical research industry. Designed by researchers,
BioSupplies.com delivers comprehensive, Internet-based procurement
solutions, information, and services to major academic, pharmaceutical
and biotechnology institutions. Currently, with several hundred
thousand products from over 100 suppliers and well-known manufacturers,
BioSupplies.com provides a one-stop resource to researchers and
procurement officers. BioSupplies.com is headquartered in Philadelphia,
PA with offices in San Ramon, CA and Washington, D.C.
About VerticalNet
VerticalNet, Inc. (www.verticalnet.com), owns and operates 53
industry-specific Web sites designed as online business-to-business
communities, known as vertical trade communities. These vertical trade
communities provide users with comprehensive sources of information,
interaction and e-commerce.
They are grouped into 10 sectors: ADVANCED TECHNOLOGIES: Aerospace
Online, Auto Central.com, Computer OEM Online, Embedded Technology.com,
Plant Automation.com, Semiconductor Online, Test and Measurement.com;
COMMUNICATIONS: Digital Broadcasting.com, EC Online, Fiber Optics
Online, Photonics Online, Premises Networks.com, RF Globalnet, Wireless
Design Online, Wireless Networks Online; ENVIRONMENTAL: ElectricNet,
Pollution Online, Power Online, PublicWorks.com, Pulp and Paper Online,
Solid Waste.com, Water Online; FOOD AND PACKAGING: Bakery Online,
Beverage Online, Dairy Network.com, Food Ingredients Online, Food
Online, Meat and Poultry Online, Packaging Network.com; FOODSERVICE AND
HOSPITALITY: E-Hospitality.com, Foodservice Central.com;
HEALTHCARE/SCIENCE: Bioresearch Online, Drug Discovery Online,
E-Dental.com, Home Health Provider.com, Hospital Network.com,
Laboratory Network.com, Long Term Care Provider.com, Medical Design
Online, Nurses.com; MANUFACTURING AND METALS: Machine Tools Online,
Metrology World.com, Safety Online, Surface Finishing.com, Tooling
Online; PROCESS: Adhesives and Sealants.com, Chemical Online,
Hydrocarbon Online, Oil and Gas Online, Paint and Coatings.com,
Pharmaceutical Online; SERVICE: HR Hub.com, Property and Casualty.com;
OTHER: Oil Link.com, LabX.com, Industry Deals.com, IT CareerHub.com,
Professional Store.com
This announcement contains forward-looking statements that involve
risks and uncertainties, including statements that are preceded by,
followed by or include the words "believes," "plans," "intends,"
"expects," "anticipates," or similar expressions. For such statements,
the Company claims the protection of the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. Actual results may differ materially
from the results predicted, and reported results should not be
considered as an indication of future performance. Factors that could
cause actual results to differ from those contained in the
forward-looking statements include those factors set forth in the
Company's Annual Report on Form 10-K for the period ended December 31,
1998 and the Company's Quarterly Report on Form 10-Q for the quarter
ended September 30, 1999, both of which have been filed with the SEC.
VerticalNet is the registered trademark of VerticalNet, Inc. All other
names are trademarks and/or registered trademarks of their respective
owners.
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