ProNetLink.com selects KeyCommerce for co-development of B2B Trade Transaction Module
NEW YORK, Nov 2, 2000 (BUSINESS WIRE) -- ProNetLink.com (OTCBB: PNLK chart, msgs), the Global Trade Internetwork(TM), today announced it has selected KeyCommerce (www.keycommerce.com) to work with the PNL technology team on the next phase of development of the company's trade transaction system.
The new development known as Master Transaction Logic(TM) (MTL) will allow SME's and other users to process an end-to-end domestic or international trade transaction. ProNetLink.com has applied for a patent on the unique MTL business application.
KeyCommerce is a leader in e-commerce development and leverages its expertise in integration of enterprise business systems to develop solutions for small and medium sized enterprises. KeyCommerce is partnered with Oracle and Intershop and lists Sun Microsystems and Philips amongst its clients.
The ProNetLink.com trade transaction system will be an independent and open standard based Application Service Provider (ASP) solution that integrates a seamless "end-to-end" online process for international trade. The MTL is a standalone transaction module that can be accessed from within the ProNetLink.com site or ProNetLink.com can license the system to any Internet e-commerce entity that wants to profit from its capabilities. The MTL system will generate revenues by charging a transaction fee on each level of services selected by the users and by licensing fees.
"The ProNetLink.com Master Transaction Logic(TM) is a very advanced trading platform that will simplify the global trading process and we are very proud to be working on this exciting project," said Dr. Masoor A Khan, CEO of KeyCommerce. "Interfacing with the PNL team, our highly experienced software engineers will ensure the project's success."
The MTL will create an engine that allows other B2B/B2C/B2G communities, verticals and infrastructure providers to use the ProNetLink.com import/export functionality within their system. This allows ProNetLink.com to leverage the domain experience and multiply the revenue stream. The MTL functional specs have been developed and updated by ProNetLink.com and as a result are able to include the most advanced technology and proven Internet trade concepts.
The MTL will create a web-based system that provides the functionality to facilitate international trade (import/export) with an easy-to-use interface. All matters of the supply chain will be met. Beginning with the Due Diligence and ending with the actual delivery of the goods. It enables international companies to conduct business in an easy manner. All traditional trade needs including documentation, regulations, shipping, insurance, etc. will be included so that SMEs can use the system to optimize their procurement process and small companies can start exporting goods and services into new markets.
"The MTL system represents the most technologically advanced functionality to date for the ProNetLink.com site," said Stephan Kneipp, Director of Technology of ProNetLink.com. "It represents a true end-to-end trade solution designed for small and medium sized companies."
Seasoned professionals or newcomers to the world trade market can use the new ProNetLink Master Transaction Logic(TM) to identify business opportunities that will help increase revenues, as well as to take advantage of tools, resources and current information that will enhance operating efficiencies.
It is anticipated that the development of the new system will be done in a phased incremental approach.
About KeyCommerce
KeyCommerce is the preeminent eBusiness infrastructure software developer, systems integrator, and solution provider. It partners with the leading eBusiness infrastructure providers such as BEA Systems, ATG and Intershop. The primary focus of KeyCommerce is business-to-business (B2B) eCommerce providing both Buy Side and Sell Side functionality. The company also provides application support, transition hosting, and third party (ASP) hosting evaluation and migration services.
KeyCommerce exploits its considerable library of advanced best of breed, unique, reusable, functional (objects) modules that are integrated with standard products such as many of the leading commerce engines, to create eBusiness Communities and eMarketplaces enabling the KeyCommerce value proposition for clients.
KeyCommerce offers full life cycle information services from business strategy and business model development to selection of hardware, customization of packaged software, and migration to a fully supported production environment. This provides improved time to market enabling a live production environment in as few as 30 days.
For more information please contact KeyCommerce at 603-897-1213. Email; inquiry@keycommerce.com or visit www.keycommerce.com. Mail: KeyCommerce, Inc., 61 Spit Brook Road, Nashua, NH 03060
About ProNetLink.com
ProNetLink's website (www.ProNetLink.com), called The Global Trade Internetwork(TM) is an online, interactive webtool(TM) where small to medium sized businesses can work within the site to arrange all areas of global trade including procurement, logistics, finance, insurance, product certification and much more. ProNetLink.com offers a horizontal trade services solution for vertical e-based businesses around the world. Currently the ProNetLink.com Procurement Directory contains over 6.8 million companies from 177 countries.
ProNetLink.com also offers www.PNLTV.com, the Internet's first global trade news and information broadcast network. PNLTV.com 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 is free to viewers and can be accessed through the ProNetLink.com home page or by visiting www.PNLTV.com. Webmasters interested in carrying PNLTV.com broadcasts on their sites can contact gz@pnltv.com.
For more information please contact ProNetLink.com at +1 212 688 8838, email: info@pronetlink.com. Mail: 645 Fifth Avenue, Suite 303, New York, NY 10022.
ProNetLink.com is publicly traded on the NASDAQ exchange OTC Bulletin Board: PNLK (PNLK.OB).
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.
Contact:
ProNetLink.com, New York
Glenn Zagoren
212/688-8838 |
