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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: slave who wrote (61751)	1/13/2000 9:05:00 AM
From: 2MAR$	Respond to of 108040

SciQuest.com (Nasdaq: SQST), a leading business-to-business e-marketplace for the global scientific products industry, today announced it has joined Oracle Corp.'s (Nasdaq: ORCL) Oracle(R) Supplier Network. With SciQuest.com as a member, Oracle's comprehensive e-marketplace, called Oracle Exchange, will be able to offer easy access to information on almost one million scientific products. "We are very excited to have this opportunity to further expand our ability to offer needed products and services to the scientific community," said Scott Andrews, CEO of SciQuest.com. "Through this supplier network, we are able to tap in to the extensive list of Oracle Exchange customers who are interested in buying and selling scientific products, seamlessly and easily." The Oracle Supplier Network is comprised of more than 270 suppliers, who will offer their products and services through Oracle Exchange -- Oracle's forthcoming business-to-business Internet marketplace. SciQuest.com will integrate its unique blend of information and products for the laboratory industry into Oracle's Supplier Network and Exchange programs to better deliver needed resources to the scientific community. "Oracle Exchange is ideally suited to offer key scientific products with the addition of SciQuest.com," said Ron Wohl, senior vice president, Oracle Applications. "The Oracle Supplier Network and Oracle Exchange further support SciQuest.com's initiative to efficiently leverage the Internet's ability to reduce costs, streamline processes, and capture new customers and suppliers for key markets." About SciQuest.com SciQuest.com is a leading business to business e-marketplace for scientific products used by pharmaceutical, chemical, biotechnology, industrial and educational organizations worldwide. By leveraging its extensive laboratory products and supply chain management expertise with its exclusive product listings and robust portfolio of e-procurement solutions, SciQuest.com has the ability to reduce customers' procurement costs and increase researchers' productivity. Additionally, SciQuest.com provides suppliers a cost-effective sales and marketing channel. The company's e-marketplace is distributor-neutral and can be customized and seamlessly integrated with its customers' enterprise systems. SciQuest.com is headquartered in Research Triangle Park, N.C. with offices in Mountain View, Calif., and Plainview, N.Y. For more information about SciQuest.com, please visit www.sciquest.com or call 919-659-2100. Oracle is a registered trademark of Oracle Corp. Statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties. For such statements, the Company claims the protection of the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995. The potential risks and uncertainties associated with these forward-looking statements could cause actual results to differ materially from those presented herein, and the reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements include, among others, the possible consequences of government regulation, the Company's ability to attract and retain a broad range of purchasers and suppliers, to effectively add additional products to its e-commerce database and to otherwise operate efficiently and cost effectively. These and other risk factors are discussed in the Company's Registration Statement on Form S-1, declared effective by the Securities and Exchange Commission on November 19, 1999. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Investor: RLM Anita Bose, (212) 484-7699 or Media: Cunningham Communication Desiree Russell, (919) 851-8090