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Technology Stocks : Internet Capital Group Inc. (ICGE)

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From: bob zagorin5/2/2005 6:43:32 PM
   of 4187
 
Newmarket International Teams With StarCite For an Integrated RFP Solution

PORTSMOUTH, N.H. & PHILADELPHIA--(BUSINESS WIRE)----Newmarket International, the leading provider of sales and catering technology solutions for the hospitality industry, and StarCite, Inc., a leading provider of Web-based technologies and services for the global meetings and events industry, today announced the full two-way web services integration between StarCite(TM) and MeetingBroker(TM). Meeting planners using StarCite are seamlessly connected to MeetingBroker subscribing hotel properties allowing for streamlined electronic communications and automated exchange of proposal data. Responses entered in MeetingBroker automatically and immediately populate relevant sections in StarCite.

RFPs originating from StarCite's Online Marketplace will automatically flow into MeetingBroker where they will be instantly assigned and routed to the appropriate hotel sales person. MeetingBroker provides a suite of tools for ensuring a fast response to RFPs through lead escalation rules, and for tracking against response time guarantees. MeetingBroker is also fully integrated with Delphi(TM), allowing sales managers more time to focus on sales leads and new business.

"For a variety of reasons, a large percentage of RFPs sent by meeting planners go unanswered," stated Sean O'Neill, President and CEO of Newmarket International. "Facilities that are able to respond first to these RFPs have a distinct advantage over their competition. That is exactly the advantage the integrated solution between StarCite and MeetingBroker now provides," he added.

Last year, StarCite delivered more than $1.3 billion in meeting opportunities to hotels in 31,500 unique RFPs, said John Pino, Chairman and Founder of StarCite, Inc. "Since 1999, StarCite has been committed to providing integrated solutions to streamline the meeting planning process for buyers and suppliers. In this sophisticated integration with MeetingBroker(TM), buyers and suppliers benefit from instant access to the same information," Pino added.

About Newmarket International

Newmarket International's hospitality solutions are used by over 4,000 properties in more than 60 countries to generate new business and run their daily operations. The company's applications help market and manage more than 140 million square feet of convention, meeting and banquet space and hundreds of thousands of guestrooms. Newmarket's solutions enable cross-selling, automated lead generation, electronic creation and distribution of account information and proposals, and efficient enterprise management. By combining award-winning technology and support, the industry's best return on investment, and a 20-year commitment to the hospitality industry, Newmarket International is uniquely positioned to help hospitality professionals grow sales revenues and maximize profits. For more information, visit www.newmarketinc.com.

About StarCite, Inc.

StarCite, Inc. provides the most comprehensive suite of applications and services to the $300 billion meeting and events industry. StarCite helps drive efficiencies and cost savings to both corporate buyers and suppliers. More than 400 corporate, association and third-party meeting buyers rely on StarCite's Enterprise Meeting Solutions for workflow, procurement, supply chain management, spend analysis and attendee management. Thousands of industry suppliers rely on the StarCite Online Marketplace, Supplier Marketing Programs and Enabling Technologies to increase meeting revenues. StarCite's international division represents destination management companies and other premier international travel suppliers using both technology and traditional means. StarCite is based in Philadelphia. Investors in StarCite include Internet Capital Group (Nasdaq:ICGE); Maritz Travel Company; Seaport Capital; Starwood Hotels & Resorts Worldwide, Inc.; and TL Ventures. For more information about StarCite, or its technologies and services, please visit www.StarCite.com.

Newmarket International Media: Bill Letsky, 603-427-5811 BLetsky@newmarketinc.com or StarCite, Inc. Mary Ann McNulty, 267-330-0510 mmcnulty@starcite.com

05/02/2005 09:00 ET
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