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

To: nick stalin who wrote (63798)	1/18/2000 3:19:00 PM
From: Mr. Big	Read Replies (1) \| Respond to of 108040

Tuesday January 18, 1:21 pm Eastern Time Company Press Release ShopNow.com Launches b2bNow.com - a Business-to-Business e-commerce Portal With Over Half a Million Business Members SEATTLE--(BUSINESS WIRE)--Jan. 18, 2000--ShopNow.com Inc. (Nasdaq:SPNW - news), 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: