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To: The Street who wrote (10131)	2/16/1999 9:04:00 AM
From: ztect	Read Replies (2) \| Respond to of 40688

Funny, I have too as a consultant....but never have heard the term adventure capitalist used.... oh well...thought there was something new... btw.."Street" how many people use your alias? z

To: The Street who wrote (10131)	2/16/1999 9:09:00 AM
From: R. Bond	Read Replies (3) \| Respond to of 40688

FYI: (COMTEX) B: ITOI: New online auction promoting global commercial trad B: ITOI: New online auction promoting global commercial trade makes debut at World Economic Forum FEB 16, 1999, M2 Communications - WORLD ECONOMIC FORUM -- Davos, Switzerland -- At the Annual Meeting of the members of the World Economic Forum in Davos, Industry To Industry (ITOI) debuted its site (www.itoi.com), the most advanced Internet- based business-to-business auction space. ITOI was founded in early 1998 as an initiative of the World Economic Forum and was established as an independent organisation to serve the global business community with a new e-commerce model that dramatically increases the efficiency of global trade. The ITOI site creates a non-traditional market for global distribution of commercial and consumer goods and services by manufacturers seeking to expose their products and services to new markets across industries. "Just as the Annual Meeting of the World Economic Forum has become the world's global business summit, we envision ITOI to become the premier global marketplace for businesses to buy and sell goods in a truly free market enterprise system," said Michael W.G. Fix, president and CEO of ITOI. "The Internet makes greater, up to the minute information exchange possible - and this information is at the heart of successful commercial transactions. The more a seller can understand a buyer's needs, the more likely a mutually-beneficial business relationship will develop and repeat purchases will be made." According to recent reports by Forrester Research, online auctions are one of the top three emerging business-to-business e-commerce models. Business-to-business e-commerce represents a $52.6 billion dollar market opportunity in 2002 up from $8.7 billion in 1998 and $2.5 billion in 1997. "The World Economic Forum is enthusiastic about the global market expansion ITOI makes possible for businesses around the world," said Professor Klaus Schwab, president, World Economic Forum. "ITOI is taking the opportunities made possible by the Internet and presenting them to businesses, globally, in a forward-looking way." In addition to a business-focused online auction space, ITOI brings its members a wide variety of product listings and provides a place where industry peers can freely exchange ideas and information. Specific services include: * Online Auctions - ITOI's online auction offers a secure marketplace where members can efficiently buy and sell products and/or services. Sellers quickly find markets for new and used products and services. * Request Service - ITOI's special request service allows members to ask colleagues for specific business knowledge or goods they need. This service provides members the capacity to initiate and control transactions. The requester determines everything from specifying the product they are searching for to the maximum price they are willing to pay for it. * Product Information - Members can easily search the product listings for specific items that meet their needs. Sellers (and buyers) provide detailed downloadable product specifications for a wide range of industries, including consumer goods, textile, construction and machinery. * Member Exchange - ITOI hosts online presentations and discussion forums allowing members to communicate across the globe in a high-level industry specific manner. In addition to offering members online auctions, product information and discussion forums, ITOI has developed service partnerships with key vendors to supply members with turnkey transaction services including inspection and verification, shipping and logistics and taxation and business consulting. ITOI service partners include Socit Gnrale de Surveillance (SGS) and Bureau Veritas for inspection and verification; Danzas for shipping and logistics; and Deloitte Touche Tohmatsu for business consulting services on issues such as taxation, import and export counsel. About ITOI Industry To Industry (ITOI) was established to operate the most advanced Internet-based business-to-business auction space. Founded in early 1998 as an initiative of the World Economic Forum, ITOI is a private company based in Cambridge, MA. ITOI's web site is itoi.com. All trademarks, brand and product names are the property of their respective holders. -0- (C)1994-99 M2 COMMUNICATIONS LTDCONTACT: Philip Newman, Ogilvy Public Relations Worldwide Tel: +44 (0)171 304 2416 e-mail: philip.newman@uk.ogilvypr.com M2 COMMUNICATIONS DISCLAIMS ALL LIABILITY FOR INFORMATION PROVIDED WITHIN M2 PRESSWIRE. DATA SUPPLIED BY NAMED PARTY/PARTIES. * end of story *