News released today - new customer - Saab Aircraft to market and sell spare parts with PRTS:
Saab Aircraft to Use PartsBase.com to Market and Sell Spare Parts
BOCA RATON, Fla., May 8 /PRNewswire/ -- PartsBase.com Inc. (Nasdaq: PRTS) and Saab Aircraft of Linkoping, Sweden, announced today that it has loaded a portion of its spare parts inventory for the Saab340 and Saab2000 regional aircraft in the PartsBase.com electronic marketplace. The inventory represents new and refurbished components intended for use by regional airlines, maintenance facilities, and parts brokers. Saab will be utilizing PartsBase.com as an additional distribution channel in conjunction with its own corporate web site and traditional spare parts organization.
"PartsBase.com allows us to make our inventory available, via the Internet, to PartsBase's large community. We believe this approach is the fastest and most economical way for Saab Aircraft to set up an additional Internet-based distribution channel for our spare parts," said Leif Nyberg, Director, Customer Support Services, Saab Aircraft. "After we are successful with this new medium, we will be interested in experimenting with the auction features of the site," he added.
"PartsBase.com makes sense for Saab. They are trying to provide spare parts support to a large but fragmented customer base. Our site provides the neutrality and critical mass needed for a successful exchange. It allows Saab to develop an additional distribution channel without incurring the expenses of building its own website," said Vernell Burris, Senior VP of Sales, PartsBase.com.
About PartsBase.com Inc.
PartsBase.com is an online provider of Internet business-to-business e-commerce services for the aviation industry. The Company's global e-marketplace provides a means for over 18,000 members in more than 125 countries to buy and sell new, used and overhauled aviation parts, perform auctions, look for a job or employee, and sell aircraft in an efficient, competitive, and cost-effective manner. Current members of PartsBase's e-marketplace include Boeing, Honeywell, Federal Express, Southwest Airlines, BFGoodrich, Northrup Grumman and United Parcel Service.
This announcement may contain forward-looking statements that involve risks and uncertainties, including those relating to competition from other business-to-business service providers, the company's ability to grow its subscriber base and successfully generate transaction-based revenues. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the increasingly competitive and constantly changing nature of the business-to-business e- commerce market. More information about potential factors that could affect the company's business and financial results is included in the company's Registration Statement on Form S-1 (SEC File No. 333-94337), as amended, which is on file with the Securities and Exchange Commission (http://www.sec.gov).
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SOURCE: PartsBase.com Inc.
CONTACT: Michael Siegel, Chief Financial Officer, msiegel@partsbase.com, or Steven Spencer, VP, Investor Relations, sspencer@partsbase.com, both of PartsBase.com Inc., 561-443-3302, or fax, 561-443-7092 |
