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Technology Stocks : PNLK..ProNetLink..Facts Thread

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To: ilh1 who started this subject7/17/2000 5:49:13 PM
From: BrightFuture  Read Replies (1) of 291
 
from pnlk web site's press release section...

WORLDTARIFF ONLINE PUBLICATIONS INTEGRATED INTO PRONETLINK.COM
-For release Jul 17, 2000

New Feature Allows Subscribers Access To Online Reference Of International Customs Duty And Tax Information

FOR RELEASE July 17, 2000 7:00pm

NEW YORK, July 17, 2000 – ProNetLink.com (OTC BB: PNLK), the Global Trade Internetwork(tm), today announced the addition of Worldtariff (R)to the ProNetLink.com website. This major strategic alliance offers ProNetLink.com registered users online access to current customs duty and tax rates on 87 customs areas (101 countries), representing 95% of the world’s merchandise imports by value. Under the terms of a licensing agreement between ProNetLink.com and Worldtariff, Worldtariff serves as the sole supplier of international customs duty and tax information on ProNetLink.com.

San Francisco-based Worldtariff, a wholly owned subsidiary of FedEx Trade Networks, Inc., is recognized as the premier source of customs duty and tax information around the world. Worldtariff also does business in Europe under the name Eurotariff (R), and provides and maintains the customs duty database for the European Community’s Market Access Database. Primary-source researchers, the Worldtariff team of editorial professionals continuously collects data from the world’s customs authorities, then simplifies, standardizes and translates it into English.

“When I met with the Worldtariff team in San Francisco I was very impressed with their operation and the quality of their product”, said Glenn Zagoren, Chairman of ProNetLink.com, “Worldtariff products and services integrated into the ProNetLink.com Global Trade Internetwork will allow SME’s access to information on international customs duty and tax that used to be available to only the largest of trading companies. This is a very strong revenue sharing alliance.”

ProNetLink.com and Worldtariff have built customized pages on their websites, and developed protocols, giving ProNetLink.com registered users the ability to purchase online subscriptions to the complete Customs Duty Publications of specific customs areas as well as to sections of Customs Duty Publications for groups of 12, 41, 63, or 87 customs areas. Users will be able to access tariff classifications, rates and duties online from within the ProNetLink.com website as they compute landed costs and compare product purchases from vendors in different countries. Details include Classification Number fully qualified for customs duty assessment, English-language classification description, import duty MFN applied, selected preferential duties (NAFTA, MERCOSUR, and any granted to outbound US or EU-origin goods), VAT, excise, and miscellaneous taxes.

Scott Morse, Publisher of Worldtariff commented, “The shipper is the real winner here. The alliance between Worldtariff and ProNetLink.com will allow companies to sharpen decision-making in today’s time-sensitive, fast-cycle world. Timely customs duty and tax information from Worldtariff provides an invaluable resource for logistics optimization and calculating the landed cost of international shipments. It will further enhance the vital intelligence already provided by ProNetLink.com to facilitate international trade.”

About World Tariff, Ltd.
Worldtariff publishes customs duty & tax information for all customs areas worldwide and has been serving the international community since 1961. It is recognized as the premier source of customs duty and tax information around the world. Customers include multinational companies, e-commerce companies, trade associations, governments, manufacturers, consultants, and international law firms. Worldtariff customs duty and tax information is an invaluable resource to assist with logistics optimization, supply chain management, and classification.

About ProNetLink.com

ProNetLink.com offers a frictionless e-commerce solution for global trade. ProNetLink's web site (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, product certification and much more. 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. ProNetLink.com offers a horizontal trade services solution for vertical e-based businesses around the world.

ProNetLink.com also features www.PNLTV.com">www.PNLTV.com, the Internet’s first trade news broadcast network. PNLTV 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. PNLTV.com also offers in-depth coverage of special events such as Department of Commerce ADR Conference, the United Nations New Millennium meetings, the FTAA conferences in Guatemala, the WTO Meetings in Seattle, and the E-Commerce Small Business Summit. All PNLTV broadcasts are archived for viewing at anytime.

PNLTV is free to viewers and can be accessed through the ProNetLink.com home page or by visiting www.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).

ProNetLink.com Contact:

ProNetLink.com, 645 Fifth Avenue, Suite 303, New York, NY 10022

gz@pronetlink.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 cause the Company’s results to differ materially.
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