The Background of Robert Allende Chief Technology Officer:
2TheMart.com, Inc. Announces Hiring of Chief Technology Officer
IRVINE, Calif.--(BUSINESS WIRE)--March 1, 1999--2TheMart.com, Inc.(the ''Company''), (Nasdaq:TMRT - news), announced today a strategic addition to its top management team by naming its Chief Technology Officer, Robert Allende.
Allende brings to the Company over ten years of extensive experience in the information technology field. Allende comes to the Company from Cabletron Systems, Inc. (NYSE:CS - news), where he was the Regional Systems Engineering Manager. His responsibilities included integrating business applications with future technologies, design and deployment of complex, scalable data transport systems and network management architectures for a variety of Fortune 1000 companies.
2TheMart.com's business strategy will be to launch its E-commerce and person to person trading community in the second quarter of 1999. The site, which is currently in final development, will provide a dynamic person to person trading environment, like those established by eBay.com (Nasdaq:EBAY - news), and other online auctions such as those of Onsale, Inc. (Nasdaq:ONSL - news); Excite, Inc. (Nasdaq:XCIT - news); Ubid, Inc. (Nasdaq:UBID - news); and Egghead Software (Nasdaq:EGGS - news), with enhanced features for the users of the site. The site is intended to be one of the largest and preeminent on-line trading communities on the web.
To achieve this result, the Company has retained the services of leading web design and architecture consultants to design and construct the unique 2TheMart.com site. The site will contain a variety of useful tools for its users, such as e-mail access, chat room, security for transaction processing, escrow options, user feedback, video streaming features and the ability to have real time, live video auctions. The Company is designing the site to provide a full community environment among its users.
Certain information and statements included in this release constitute ''forward-looking statements'' within the meaning of the Federal Private Securities Litigation reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.
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Contact:
2TheMart.com, Inc.
Dominic J. Magliarditi, 949/757-1630
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