To: Jay Lyons who wrote (28979 ) 1/11/2000 9:00:00 AM From: John J H Kim Respond to of 43080
USHG-mentioned this one a while ago in the last millenium. E*Garden Launches First Business-To-Business Internet Service for Lawn and Garden Industry Site Readies Services for 2000 Buying Cycle RALEIGH, N.C., Jan. 10 /PRNewswire/ -- E*Garden, Inc. ( egarden.com ) today officially launched the first business-to-business e-commerce Web site focused on the lawn & garden industry. E*Garden has been created to bring together buyers and sellers of lawn & garden merchandise, and provide them with new, complementary supply and distribution channels. ''We are combining deep category expertise, targeted marketing capabilities and leading-edge technology to make E*Garden the place where high-quality buyers and sellers put together the best deals in the lawn & garden industry,'' said Linda Watson, president of E*Garden, Inc. ''Internet analysts expect business-to-business transactions on the Internet to grow to approximately $1.3 trillion by 2003 -- dwarfing what consumers will spend online -- and E*Garden is positioned to lead the lawn & garden industry's move into e-commerce.'' The E*Garden site currently includes an Auction for surplus and rare merchandise, and in the spring will open a Wholesale Store to facilitate the ongoing sale of products. E*Garden also features news, information and resources for companies in the lawn & garden trade. Longer-term plans call for E*Garden to offer a full range of procurement, payment and distribution services for lawn & garden companies. ''Through E*Garden, manufacturers and distributors of lawn & garden merchandise can more efficiently and profitably sell their products,'' added Watson. ''Independent retailers and lawn & garden professionals can use E*Garden to buy all of their lawn & garden merchandise from a wide range of suppliers at competitive prices.'' According to Watson, E*Garden's Auction will help lawn & garden product sellers move surplus inventory, which represents approximately $1.8 billion to $3.5 billion in annual sales, more quickly and at better prices. Both surplus and ongoing product sales will be enhanced because the Internet allows sellers to reach more potential buyers. E*Garden will also provide sellers with opportunities to increase cash flow and manage seasonal changes in demand. For buyers, E*Garden will provide more power to negotiate with multiple suppliers selling competing products. In addition, access to a wider range of sellers means that buyers can more easily locate new and unusual products. As a one-stop marketplace, E*Garden also allows buyers to purchase from multiple suppliers simultaneously and without leaving their offices. E*Garden's Wholesale Store will focus on the approximately $15 billion in annual sales of lawn & garden products to some 65,000 independent retailers plus commercial customers. As a central source for lawn & garden products, E*Garden can dramatically improve the efficiency of the industry's fragmented supply chain. Watson also announced that E*Garden has hired Peter Loewer, a noted garden writer, editor and illustrator, as the contributing editor in charge of the company's online customer newsletter. In addition, E*Garden named Catherine Maxwell, most recently director of development for the College of Agriculture and Life Sciences Foundations and the JC Raulston Arboretum at North Carolina State University, as director of associate relations. E*Garden is using industry leading technology from companies including Oracle, Sun Microsystems, OpenSite and iRenaissance to implement its e-commerce plans. E*Garden ( egarden.com ) is the first business-to-business e-commerce Web site focused on the lawn & garden industry. E*Garden, Inc. is owned by U.S. Home & Garden, Inc. (Nasdaq: USHG - news), a leading manufacturer and marketer of a broad range of consumer lawn & garden products. For more information, contact Jennifer Purdum of Shandwick USA, 314-552-6726, for E*Garden, Inc.