PreIPO Position: Supplyaccess.com - Price per share - $1.53
" In March 2000, the company made a $178,500 investment for 116,667 shares of Series A convertible preferred stock of SupplyAccess, Inc., a provider of Internet business-to-business e-commerce services for Fortune 1000 and government customers, enabling one-step business. "
SupplyAccess, a subsidiary of En Pointe Technologies, Inc., (Nasdaq: ENPT), with whom it collaborated to develop the SupplyAccess network.
About SupplyAccess Inc.
SupplyAccess Inc. is a provider of Web-based applications, solutions and portal sites that facilitate business-to-business direct procurement of a broad line of information technology (IT) and materials, repair and operation (MRO) products and services, as well as a carefully targeted set of vertical market exchanges.
The low-cost procurement tool and quickly-integrated e-commerce portal site is designed for global 1000 customers and government entities who are searching for a complete, highly customizable, automated buying application that can be implemented in a matter of weeks, at little or no cost to the organization.
The SupplyAccess network automates MRO and IT product acquisition from a company's approved, contracted suppliers. Through its Intelligent Purchasing functionality, it executes real-time bids on a line item basis. The process starts from end-user requisitioning and approval workflow, through electronic product procurement and delivery tracking.
SupplyAccess currently provides open access to more than 172,000 IT product SKUs from the five largest U.S. distributors, representing more than 70% of all available PC products today. Additional product catalogs from approved suppliers, including office supplies, equipment, furniture, packaged telecom systems and facilities products, are available to customers who want to maintain single electronic procurement relationships across all vendors.
SupplyAccess is designed to interoperate with all existing marketplace electronic exchanges and existing ERP systems, bringing global procurement connectivity to its customers without the expense of onsite application implementation and maintenance.
The SupplyAccess portal page can be visited at www.supplyaccess.com.
** This company is expected to launch an IPO later this year. Price range for IPO ranges from $15.00 to $20.00.
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