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Technology Stocks : PNLK..ProNetLink..Facts Thread -- Ignore unavailable to you. Want to Upgrade?


To: terri acey who wrote (211)10/4/1999 8:07:00 AM
From: xyz  Read Replies (1) | Respond to of 291
 
Here is an article in the American Banker on ProNetLink:

Online Banking

Friday, September 24, 1999

In Brief: Data Base Trade Firm Also Seeking Bank Customers

Pronetlink.com is another service company venturing into the increasingly electronic world of international trade finance.

The New York company offers a Web site where potential buyers and sellers of goods can meet. It maintains a data base of 3.2 million companies globally, thanks to a relationship with Dun & Bradstreet. And it says it hopes to develop partnerships with major global banks.

"We certainly have our foot in the door," said Glen Zagoren, chairman of Pronetlink, after recent meetings with officials of several among the largest international trade finance banks in the world.

"I think there are many people in banking who understand the power of where the Internet is going," he added.

Pronetlink, which was founded in 1997, charges members $29 a month for its service and has 3,000 paying customers in 53 countries. It also has strategic partnerships with the insurance company Aon Corp. -- giving members access to financial, insurance, and risk management services -- and with National Customs Brokers and Forwarders Association of America, a trade group that has 600 members.

-- Steven Marjanovic


americanbanker.com