TREY... see? ASP and so much more:TORONTO, March 8 /PRNewswire/ -- Compelis Corporation, a wholly owned
subsidiary of Treasury International Inc. (OTC Bulletin Board: TREY), today
signed a letter of intent to build an Online Trading Co-operative targeted at
the Machine Tool market. The joint venture --
machinetoolco-op.com -- will facilitate online exchanges and transactions
between manufacturers and distributors. The co-operative will bring a wide
range of machine tool products online, including precision tools, cutting
tools and other accessories.
Gerhard Sowa Jr., President of Sowa Tool & Machine Co. Ltd., stated, "This
initiative will allow manufacturers and distributors in our industry to
transact business in a more efficient and less costly way. We recognise the
need to be leaders with e-commerce and to help our distributors bring our
products to market faster and more efficiently." Marlin Doner, President of
Compelis Corporation, went on to say, "When you see competitors like Ford, GM
and Daimler-Chrysler coming together in one trading community initiative you
begin to see the value of co-operatives like machinetoolco-op.com."
The growing business to business (B2B) market is expected to reach
$1.3 trillion by 2003 according to Forrester Research. Building trading
co-operatives and exchanges that connect buyers, sellers and trading
partners online is a core strategy for Compelis to capture its share of this
exploding market.
Online Trading Co-operatives/Communities link buyers and sellers in an
online marketplace designed to process transactions and exchange information
in real-time. This automation of business processes allows trading partners
to build more integrated and profitable relationships and to track more
efficiently the movement on goods, services and transactions through their
supply chains.
Compelis Corporation helps companies link mission critical information and
knowledge assets with trading partners in a managed Internet-based trading
co-operative. Compelis is well positioned as an early entrant in the growing
business to business and business to consumer E-commerce and E-business
sectors with its Active Business Solutions suite of products. |
