And now for some analysis: Here is today's press release with my comments in parentheses.
ProNetLink.com and The Journal of
Commerce Sign Strategic Development Agreement (an agreement HAS been signed)
NEW YORK, Feb. 22 /PRNewswire/ -- (OTC Bulletin Board: PNLK - news)
ProNetLink.com®, pronetlink.com, the Webtool and Internet Directory specializing in global trade, announced today that it has signed a letter of intent with the leading trade and transportation news provider, The Journal of Commerce Inc.(as always with PNLK, they go with the LEADERS of the respective fields; I think this company has class!) They will form a joint development venture to provide current trade news, articles, trade-specific products and their critically important Port Import-Export Reporting Service (PIERS) reports to ProNetLink.com members. (This sounds like a free service to PNLK members although it is not clear if it is free anyway)
The new venture will allow ProNetLink members to have immediate access to daily updates of industry news generated by The Journal of Commerce and access to PIERS online data. ProNetLink members will also be eligible for free trial subscriptions to the Journal of Commerce
Newspaper and access to its proprietary website, joc.com. (the trial subscription to JOC is only an advertising ploy as I got one of these; you can get two weeks of Investors Business Daily for free too!) part of the agreement, the companies will provide prominent links to each other's sites. (this is obviously a good deal for JOC but an even better deal for PNLK considering their respective positions) ''Our venture with ProNetLink is a good strategic fit,'' says Bill Lavner, Vice President of New Media for the Journal of Commerce Publications Group. ''The international trade market is
increasingly relying on the Internet to do business. Services such as ProNetLink make getting trade information on the Web easier and more efficient. By offering the top daily news from the prestigious Journal of Commerce (and don't forget the Dow Jones news service which I have confirmed IS updated every business day) and quick, affordable access to PIERS data, ProNetLink will be invaluable to importers and exporters who want to get trade information and put it into a meaningful context.''
ProNetLink will also offer quick links to PIERS, the trade data unit of The Journal of Commerce Inc., and the leading source of global trade information in the United States.
PIERS' website, www.piers.com, offers users the most comprehensive statistics on global cargo movements transiting seaports in the Unites States and Latin America. Each day at every leading port, PIERS collects and compiles data from bills of lading and vessel manifests. This data is stored in the PIERS database and is used by customers as a tool for resource/sales management, opportunity development, trending analysis, legal/regulatory issues and other forms of research.
Through PIERS.com, any customer can search the database for trade data that enables them to identify new markets, find sources or supply, monitor their competition and uncover new business opportunities. PIERS data and reports are charged online and on a pay-per-view basis, so users pay immediately and only for the information they need.(other than the convenient links, is this really another "free" service for PNLK members? If nothing else, it will assist companies who are less sophisticated in building their business; not such a bad thing)
''The Journal of Commerce has been publishing trade information since the tall ships have been sailing the world,'' (JOC started in 1827) says Glenn Zagoren, President of ProNetLink's strategic development and marketing firm. ''They have blended years of publishing experience with today's advanced technology. ProNetLink and The Journal of Commerce together will form a powerful relationship that will benefit all businesses in trade throughout the world.''
ProNetLink continues to enhance its Webtool designed for global commerce.(that's for sure, this is starting to look more and more like the "Yahoo" of import and export all the time) The addition of the Journal of Commerce will allow members who are importing, exporting, shipping or manufacturing to have more efficient and expanded information services.
ProNetLink's most anticipated and most expanded version launches at the end of March. (once again, another statement that v3 will be out in March, I suspect we can count on this as PNLK has not failed to meet a publicly stated comittment that I know of) |
