To: 16yearcycle who wrote (91346 ) 1/18/2000 1:52:00 PM From: H James Morris Respond to of 164684
Ek, sold some ShopNow @ 25. Now I'm left with 100% of the casinos money. > SEATTLE--(BUSINESS WIRE)--Jan. 18, 2000--ShopNow.com Inc. (Nasdaq:SPNW), a leading e-commerce enabling company, today launched b2bNow.com (www.b2bNow.com), a global business-to-business portal. The development of b2bNow.com dramatically expands ShopNow.com's presence in the business-to-business e-commerce arena and solidifies the company's position as one of the largest business-to-business e-commerce enablers and services companies on the Internet. The services initially offered by b2bNow.com, the business-to-business portal, include: -- Business products and services -- Significant access to business buyers and sellers -- Enhanced business listings and placements -- Business Web hosting services -- Business Web store building tools -- Business headlines, free financial news, targeted newsletters, and stock quotes -- Site traffic reports for each business According to a recent study by the management consulting firm The Boston Consulting Group (BCG), business-to-business transactions in the United States are expected to increase 33% per year. By 2003, it is anticipated that $2.8 trillion will trade hands in business-to-business purchases. "The future success of business-to-business industries requires the unparalleled access to e-commerce communities provided by b2bNow.com," said Connie Certusi, vice president of Product Management, Peachtree Software. "With over 1 million small businesses currently utilizing Peachtree Software's products, we envision substantial opportunities to integrate our products and services into the b2bNow.com portal and its member businesses." Peachtree is one of thousands of business partners on b2bNow.com. Additionally, escrow.com (a subsidiary of Micro General Corporation) has joined b2bNow.com and will offer comprehensive escrow e-commerce solutions that protect both buyers and sellers against fraud. "b2bNow.com fits into our development plans for continuous expansion into the business-to-business market and strengthens a strategic relationship with ShopNow.com that began in late 1999," said John Snedegar Micro General president and chief executive officer. "The partnership between escrow.com and ShopNow.com significantly changes online transactions by offering business-to-business buyers and sellers a highly scalable, payment processing solution," Snedegar said. Operated by ShopNow.com's business-to-business division, b2bNow.com allows companies to buy, sell and promote their business products and services in a rich, business-to-business driven environment. Member companies span 62 business categories from Accounting to Wholesale including: ---------------------------------------------------------------------- Aviation Construction ---------------------------------------------------------------------- Consultants Education ---------------------------------------------------------------------- Agriculture Employment ---------------------------------------------------------------------- Health/Medicine Import/Export ---------------------------------------------------------------------- Information Services Internet ---------------------------------------------------------------------- Legal & Law Network Marketing ---------------------------------------------------------------------- Printing/Publishing Shopping/Retail ---------------------------------------------------------------------- Technologies Travel ---------------------------------------------------------------------- Utilities Venture Capital ---------------------------------------------------------------------- Electronics Petrochemicals ---------------------------------------------------------------------- Conducting business domestically or internationally is greatly facilitated by b2bNow.com's business search engine. A company in need of a generator can utilize b2bnow.com listings in over 175 international markets. Businesses in search of an intellectual property rights attorney will find 176 listings at b2bNow.com. Office supplies? ShopNow.com's b2bnow.com lists 202 business suppliers. "Our aggressive expansion of business-to-business offerings and strategic alliances demonstrate ShopNow.com's devotion to helping businesses prosper on the Internet. The creation of b2bNow.com provides over half a million businesses and extends our e-commerce services globally," said Dwayne Walker, chairman and chief executive officer of ShopNow.com. "As one of the Web's largest business-to-business portals with access to 175 international markets, we enable businesses around the world to grow their businesses over the Internet and save valuable time and money while developing their Internet businesses." In related news today, ShopNow.com announced the acquisition of Pronet Enterprises Ltd., operator of Pronett.com, a key component of b2bNow.com's infrastructure. Under the terms of the $6 million agreement, ShopNow.com will acquire Pronett.com for $3 million in cash and $3 million in stock. All employees of the Vancouver, B.C.-based company will be relocated to ShopNow.com's headquarters in Seattle, Washington. About ShopNow.com ShopNow.com Inc. is a leading e-commerce enabling and services company. ShopNow.com operates an e-commerce network known as the ShopNow Network, which is comprised of online access to over 45,000 businesses and over 6 million shoppers. ShopNow.com Inc. operates the ShopNow.com portal (http://www.shopnow.com) which is an online marketplace for connecting buyers and sellers worldwide. ShopNow is also the operator of b2bNow.com, a business-to-business portal. ShopNow provides a range of business-to-business e-commerce products and services under ebusiness.shopnow.com. ShopNow.com Inc. is headquartered in Seattle , Washington, with additional offices in Georgia, Arizona, Kansas, and California.