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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: Tom Allinder who wrote (4274)	3/8/2000 9:24:00 AM
From: Tom Allinder	Read Replies (4) \| Respond to of 4792

TREY... see? ASP and so much more:TORONTO, March 8 /PRNewswire/ -- Compelis Corporation, a wholly owned subsidiary of Treasury International Inc. (OTC Bulletin Board: TREY), today signed a letter of intent to build an Online Trading Co-operative targeted at the Machine Tool market. The joint venture -- machinetoolco-op.com -- will facilitate online exchanges and transactions between manufacturers and distributors. The co-operative will bring a wide range of machine tool products online, including precision tools, cutting tools and other accessories. Gerhard Sowa Jr., President of Sowa Tool & Machine Co. Ltd., stated, "This initiative will allow manufacturers and distributors in our industry to transact business in a more efficient and less costly way. We recognise the need to be leaders with e-commerce and to help our distributors bring our products to market faster and more efficiently." Marlin Doner, President of Compelis Corporation, went on to say, "When you see competitors like Ford, GM and Daimler-Chrysler coming together in one trading community initiative you begin to see the value of co-operatives like machinetoolco-op.com." The growing business to business (B2B) market is expected to reach $1.3 trillion by 2003 according to Forrester Research. Building trading co-operatives and exchanges that connect buyers, sellers and trading partners online is a core strategy for Compelis to capture its share of this exploding market. Online Trading Co-operatives/Communities link buyers and sellers in an online marketplace designed to process transactions and exchange information in real-time. This automation of business processes allows trading partners to build more integrated and profitable relationships and to track more efficiently the movement on goods, services and transactions through their supply chains. Compelis Corporation helps companies link mission critical information and knowledge assets with trading partners in a managed Internet-based trading co-operative. Compelis is well positioned as an early entrant in the growing business to business and business to consumer E-commerce and E-business sectors with its Active Business Solutions suite of products.