Where Premium Meets Prestige: Rebound and ProNetLink.com Form Strategic Alliance
SAN FRANCISCO, Jun 26, 2000 (BUSINESS WIRE) -- One online giant offers
first-quality products for sale; the other, a vast network of services and
contacts to move those products across international borders with ease. On June
1, Rebound, the world's premium B2B online exchange for excess finished consumer
inventory, and ProNetLink.com (OTCBB: PNLK), the most prestigious online network
of services to facilitate global trade, inked a Letter of Agreement to form a
strategic alliance.
The alliance enables both parties to expand their customer bases and markets,
stimulate traffic to their respective sites and increase the number and types of
services they provide for clients. Advertising and other cross-site promotions
will complete the marketing effort to support the alliance.
"ProNetLink.com's global network is immense, giving Rebound clients unlimited
access to new opportunities," said Jeremy Tang, chief executive officer,
Rebound. "With a procurement directory of more than 6.8 million companies from
177 countries, over 70,000 business users per month, ProNetLink.com is
well-established in the U.S., Europe, the Middle East and South and Latin
America. Buyers and sellers of excess inventory who use Rebound will now have
the whole world as their marketplace."
Under the agreement, Rebound becomes ProNetLink.com's primary exchange for
consumer excess inventory in such categories as apparel and accessories,
household and lifestyle, computers and accessories, electronics and food and
beverage - Rebound's core product groups. When a ProNetLink.com client has
excess inventory, for instance, Rebound will have first access to the client's
goods to offer on its site. Rebound's buyers and sellers will benefit from
ProNetLink.com's extensive network of services in logistics, procurement,
finance, customs regulations, insurance and other vital trade-related functions.
Tang adds that both companies will be linked at the hip in more ways than their
Web sites. They will actively market each other's services at trade shows, in
government and client contacts and through advertising. "We're excited because
Rebound's excess inventory vendors will now have an opportunity to advertise
online on ProNetLink.com," said Tang. "We're still working out technical
details, but soon Rebound's excess inventory products will be posted on
ProNetLink.com's site."
"ProNetLink.com, or the Global Trade Internetwork, establishes alliances with
strong international firms like Rebound, which will continue to strengthen our
network," says Glenn Zagoren, chairman of ProNetLink.com. "Rebound will offer
key products through the PNL site, and PNL will provide the trade support. This
has the potential of being an extremely profitable relationship."
The total value of excess inventory, including industrial and consumer products,
is estimated at $400 billion worldwide. Of that, consumer excess represents $100
billion, and two-thirds of that is excess inventory generated by Asia-Pacific
countries alone. Rebound offers retail buyers direct access to excess finished
consumer goods from Asia-Pacific manufacturers and distributors.
About ProNetLink.com
ProNetLink.com offers a frictionless e-commerce solution for global trade.
ProNetLink's Web site (www.ProNetLink.com), called The Global Trade
Internetwork(TM), is an online, interactive community in which businesses can
work within the site to arrange all areas of global trade, including
procurement, logistics, finance, insurance, product certification and much more.
Seasoned professionals or newcomers to the world trade market can use
ProNetLink.com to identify business opportunities that will help increase
revenues, as well as take advantage of tools and resources that will enhance
operating efficiencies.
ProNetLink.com also features www.PNLTV.com, the Internet's first new trade
broadcast network. PNLTV broadcasts a live newscast Monday through Friday at 11
a.m. EST, featuring current global trade issues, interviews with government and
international business leaders and reports from correspondents from around the
world. All PNLTV broadcasts are archived for viewing at any time.
Headquartered in New York City, ProNetLink.com maintains sales offices
throughout the world. For more information, please contact ProNetLink.com at
212/688-8838; e-mail: info@pronetlink.com.
ProNetLink.com is publicly traded on the NASDAQ exchange OTC Bulletin Board:
PNLK (PNLK.OB).
About Rebound.com
Rebound (www.rebound.com) is the premier international business-to-business
exchange for excess finished consumer products in such categories as apparel and
accessories, household and lifestyle, computers and accessories, consumer
electronics and food and beverage. It connects global clients in a secure,
online environment with dedicated finance, logistics and quality assurance
partners. Headquartered in Hong Kong and San Francisco, Rebound has offices in
Taipei, Manila, Seoul, Bangkok, Tokyo, Vancouver and Miami. Buyers and sellers
of excess finished consumer products should contact Rebound at 877/351-7888 (in
the U.S.) or 852/2805-1885 (in Asia Pacific countries). |
