(Re-formatted only)
biz.yahoo.com
ProNetLink.com Announces Strategic Alliance with eCredit.com to Provide Online Credit and Financing Solution
NEW YORK, Feb. 9 /PRNewswire/ -- ProNetLink.com (OTC Bulletin Board: PNLK - news), the Global Trade Internetwork(TM), today announced today that they have entered into a strategic alliance with eCredit.com, making the eCredit.com Global Financing Network(TM) a major component of their e-commerce capability. The Global Financing Network will enable ProNetLink.com to bring its global trade community spanning 106 countries together with the credit and financing partners of eCredit.com to close transactions in real time, there by reducing credit processing time from days to under a minute.
ProNetLink.com offers a frictionless e-commerce solution for global trade. ProNetLink's web site (http://www.ProNetLink.com), called The Global Trade Internetwork(TM), is an online, interactive community where businesses can work within the site to arrange all areas of global trade including procurement, logistics, finance, insurance and product certification. Seasoned professionals or newcomers to the world trade market can use ProNetLink.com to identify business opportunities that will help increase revenues, as well as take advantage of tools and resources that will enhance operating efficiencies.
By leveraging the eCredit.com Global Financing Network, ProNetLink.com will provide a significant new service to its community by bringing businesses a ready-made group of financing vendors to offer customers real-time financing with no risk. The two companies will work to integrate eCredit.com functions into the ProNetLink.com network.
ProNetLink.com will take on an expanded role in working with eCredit.com. During the upcoming U.S. Department of Commerce trade mission to Latin America, ProNetLink.com will present the eCredit.com business plan to banking leaders in Argentina, Brazil and Chile. This co-branding of eCredit.com and ProNetLink.com during these high level meetings will significantly benefit both companies. The goal of this mission is to expand the Global Financing Network by using
ProNetLink.com's international contacts.
''The goal of the ProNetLink.com Global Trade Internetwork is to bundle best-in-class Web services to help companies access the best resources, connect easily with customers and win more business,' said Glenn Zagoren, chairman of ProNetLink.com. ''The eCredit.com Global Financing Network is an integral component of our business strategy and our on-line offering. With the network, ProNetLink.com can improve both the global trade marketplace by facilitating more
e-commerce transactions and companies' workplaces by automating critical back-office credit and financing operations.'
Companies throughout the world are increasing their efforts to capitalize on globalization trends, entering the international
markets for the first time, and/or growing their cross-border trade. These companies, particularly the Small to Medium Sized Enterprises face several hurdles in these efforts including: locating product, understanding trade regulations and tariffs, securing international financing, managing shipping resources, communicating around the world, and doing all of this without expending an inordinate amount of time and/or expense. ProNetLink.com's Global Trade Internetwork is designed to address these issues by providing the resources and information companies need to expand their businesses and simplify the global trading process. ProNetLink.com will build a front-end module that will allow ProNetLink.com members to access eCredit.com services from inside the ProNetLink.com site.
''ProNetLink.com has taken an innovative approach with its plans to offer the Global Financing Network's capabilities to its customers,' said Peter McKay, executive vice president of sales, marketing and customer service at eCredit.com. ''This strategic alliance will create new revenue opportunities for ProNetLink.com while providing the credit and financing capabilities that ProNetLink.com's customers need to close online transactions in real time. ProNetLink.com is taking a leadership role in providing new value-added services to the global trade community. Through this business partnership, eCredit.com and ProNetLink.com will make available significant credit and financial resources to the Global Community.'
ProNetLink is working with trade organizations, Chambers of Commerce and Governments from around the world to bring the trade specific resources and information into its simple-to-use portal. In the last few months ProNetLink.com has reached new levels of market awareness by being the first Dot Com company invited on a Presidential Trade mission, the first Dot Com company invited to participate in the TransAtlantic Business Dialog with the European Commission as well as being recently featured on CNBC as ''a leader in business to business E-commerce.'
The eCredit.com Global Financing Network supports customer-specific business processes and scorecards. Its scaleable Internet architecture provides a 24x7x365 infrastructure that supports an unlimited number of users. The network offers a rich array of information from credit, financial and banking resources.
About eCredit.com
eCredit.com, Inc. is a leader in the market for real-time credit, financing and related services for e-business through its value-added eCredit.com Global Financing Network. With the Global Financing Network, eCredit.com intelligently connects businesses to financing partners and global information sources so credit and financing decisions can be processed in real time at the point-of-sale. eCredit.com is headquartered in Westwood, Mass. For additional information, visit eCredit.com on the Web at ecredit.com.
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.
ProNetLink.com also features PNL-TV, the Internet's first trade new broadcast network. In addition to Department of Commerce programming, PNL-TV broadcasts a live newscast Monday through Friday at 11:00 a.m. EST featuring current global trade issues, interviews with government and international business leaders and reports from correspondents from around the world. PNL-TV can be accessed through the ProNetLink.com home page or by visiting pnltv.com.
Headquartered in New York City, ProNetLink.com maintains sales offices throughout the world. For more information, please contact 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).
eCredit.com Contact:
Roopa Bhide
eCredit.com
roopa@ecredit.com
ProNetLink.com Contact
Glenn Zagoren
ProNetLink.com
gz@pronetlink.com
The eCredit.com logo and eCredit.com Global Financing Network are trademarks of eCredit.com. The ProNetLink.com logo and Global Trade Internetwork are trademarks of ProNetLink, Corp.
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 case the Company's results to differ materially. |
