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[0] iSalvage Chosen as Best of the Web by Forbes.com.


Business Editors/High Tech Writers

NEW YORK--(BUSINESS WIRE)--July 12, 2000

iSalvage.com, an online business-to-business marketplace connecting suppliers and buyers of recycled and remanufactured parts, today announced it has been named by Forbes.com as one of the best Automotive B2B Web sites See vertical portal. . The Forbes article, http://www.forbesbest.com/, highlights 200 of the most promising Internet B2Bs in 25 industries. iSalvage was top-rated by Forbes based on its business strategy and execution, financial staying power, and Web site.

"We're pleased to have received this recognition by Forbes and to be in the company of the other top automotive B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G.

B2B - business to business
 players named on the list," said Jeff Stotland, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , iSalvage. "It is satisfying that the business and investment community recognize the soundness of our strategy and the huge growth potential of our business."

Following a three-month pilot program, iSalvage officially launched its East Coast service on June 12, 2000, with 41 registered suppliers and more than 300 registered buyers. New promotional campaigns, such as offering all customers a $100 rebate on every order of $200 or more throughout the month of July, are helping iSalvage to increase its transactions and customer base. Expanding its service nationally in October of this year, iSalvage is revolutionizing the recycled parts market.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
  • Founded: 1983 by George F.
, 68 percent of sales for automotive materials will be conducted over the Internet by 2004, which translates to about $411 billion in industry spending online.

About iSalvage.com

iSalvage is an online business-to-business marketplace connecting buyers and suppliers of recycled and rebuilt parts, with its initial focus on the automotive market. Headquartered in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
, iSalvage was founded in 1999 and received funding from Sentinel Capital Partners and divine interVentures. iSalvage is now available to all commercial auto buyers and suppliers on the east coast of the United States The "Eastern Seaboard," or "Atlantic Seaboard" are terms referring to the easternmost coastal states in the United States. They touch the Atlantic Ocean and stretch up to Canada. . The company will expand its services to the rest of the country in the next few months. For more information, visit http://www.isalvage.com.
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Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 12, 2000
Words:329
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