[0] Bison Joins BuildNet as a Dealer/Distributor.Business Editors, High Tech Editors RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--August 11, 2000 BuildNet to Bring Integrated Business-to-Business E-Commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. Capabilities to Bison Via the BuildNet E-Building Exchange BuildNet, Inc., a leading provider of management software to homebuilders, dealers and distributors in the residential construction industry, announced today that Bison Building Materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . , Ltd., one of the country's largest building materials distributors, has joined the BuildNet E-Building Exchange as a dealer/distributor member. Through the agreement, BuildNet will provide Bison with BuildNet technology and software to access and process transactions directly from builders' back-office systems and Web interfaces through the BuildNet E-Building Exchange. Bison should also be able to offer its product catalogs on the BuildNet E-Building Exchange and, using tools provided by BuildNet, build and manage their catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. data, including product photographs, codes, SKU (StockKeeping Unit) The number of one specific product available for sale. If a hardware device or software package comes in different versions, there is an SKU for each one. SKU - stock-keeping unit numbers, and descriptions. As a dealer/distributor member, BuildNet has agreed to provide Bison with continuous brand identification on BuildNet's resource site, located at http://www.buildnet.com . Bison's name and logo will be listed within the dealer/distributor index section of the BuildNet E-Building Exchange, where navigational links to Bison's catalog data and its own Internet site will be housed. BuildNet's Internet-based E-Building Exchange is scheduled for commercial introduction in 2000. The BuildNet E-Building Exchange should enable participating builders, dealers and distributors to control and automate To turn a set of manual steps into an operation that goes by itself. See automation. Internet-based price and quote requests, and the ordering and delivery of building materials, thereby improving construction planning and efficiency. Through the BuildNet.com Catalog, manufacturers, dealers and distributors should be able to efficiently update product information and introduce new products using highly individualized in·di·vid·u·al·ize tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es 1. To give individuality to. 2. To consider or treat individually; particularize. 3. Internet-based tools, without resorting to traditional, costly paper-based delivery methods. In addition to catalog services, BuildNet also plans to enable dealers and distributors to track inventory, delivery, and payments. "Bison has a great reputation within the building community, and we are pleased to have them join the BuildNet E-Building Exchange as a dealer/distributor member," said Bob Riefstahl, BuildNet Vice President of Sales for Dealer/Distributors. "Our agreement should benefit Bison by allowing users of the BuildNet E-Building Exchange to view and procure To cause something to happen; to find and obtain something or someone. Procure refers to commencing a proceeding; bringing about a result; persuading, inducing, or causing a person to do a particular act; obtaining possession or control over an item; or making a person Bison's products online and integrate the pertinent PERTINENT, evidence. Those facts which tend to prove the allegations of the party offering them, are called pertinent; those which have no such tendency are called impertinent, 8 Toull. n. 22. By pertinent is also meant that which belongs. Willes, 319. business data into their back-office systems." "The evolution of the distribution process requires participants who wish to be successful to take bold steps," said Bison President Pat Bierschwale. "The addition of the BuildNet e-commerce solution will greatly enhance our ability to bring continuing value to our customers and to remain the model which every competitor strives to emulate em·u·late tr.v. em·u·lat·ed, em·u·lat·ing, em·u·lates 1. To strive to equal or excel, especially through imitation: an older pupil whose accomplishments and style I emulated. 2. ." About Bison Founded in 1962, Houston, Texas-based Bison Building Materials, Ltd. is one of the country's largest building materials distributors. Bison consists of 10 operating divisions in three states with revenues of over $160 million in 1999, enjoying a growth rate in excess of 20 percent a year for the last 10 years. This growth can be attributed to one overriding (programming) overriding - Redefining in a child class a method or function member defined in a parent class. Not to be confused with "overloading". factor: a corporate vision that embraces innovation and change. About BuildNet, Inc. BuildNet, Inc., located in Research Triangle Park, N.C., is a leading provider of management software and e-commerce services to homebuilders, dealers, and distributors in the residential construction industry. BuildNet's objective is to be the business-to-business e-commerce solution for the residential construction industry. To reach that objective, BuildNet has designed the BuildNet E-Building Exchange to provide secure Internet-based procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , e-commerce and information services See Information Systems. for homebuilders, dealers, distributors, and manufacturers. The BuildNet E-Building Exchange will allow users to confirm pricing and product specifications, place purchase orders and add both product and order information automatically to builders', dealers', distributors' management systems. In addition, manufacturers will be able to place product information and catalogs on the BuildNet E-Building Exchange for access by homebuilders, dealers, and distributors. BuildNet is testing the BuildNet E-Building Exchange and expects to initiate a limited market rollout in 2000. BuildNet's aggregated software customer base includes homebuilders that accounted for approximately 43% of 1999 U.S. single-family home closings. Learn more about BuildNet by visiting http://www.buildnet.com . This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The actual results might differ materially from those projected in the forward-looking statements for various reasons, including BuildNet's limited Internet operating history, the development and rollout of the BuildNet E-Building Exchange and the acceptance of the BuildNet E-Building Exchange by any of BuildNet's existing software customers or any new customers. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in BuildNet's SEC filings, including its Registration Statement on Form S-1. All other trademarks referenced herein are trademarks and/or registered trademarks of their respective companies. |
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