[2] VerticalNet and Neoforma.com Announce Exclusive Multi-Year E-Commerce Agreement; Complementary B2B Alliance to Serve Laboratory and Medical Marketplace.HORSHAM, Pa. and SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)-- Nov. 22, 1999-- VerticalNet, Inc. (Nasdaq: VERT), the Internet's premier portfolio of business-to-business vertical trading communities and First Mover in the space, today announced a strategic alliance with Neoforma.com, Inc., a leading provider of B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. services in the market for medical products, supplies and equipment. Under the terms of the exclusive multi-year agreement, users of VerticalNet(R) will gain linked access to Neoforma.com's online medical product catalog, while Neoforma.com will gain access to VerticalNet's established sales force and robust e-commerce infrastructure. Through LabX, the Web's largest online auction for lab equipment, VerticalNet will provide the exclusive Internet channel The Internet Channel is a version of the Opera 9 web browser for use on the Wii by Opera Software and Nintendo.[1] On December 22, 2006, a free beta version (promoted as a "trial version") of the browser was released. for used lab equipment from Neoforma GAR gar, member of the family Lepisosteidae, freshwater fishes found in the warmer rivers and lakes of the S United States, Central America, Mexico, and the West Indies. Gars are highly predacious and destroy many useful fish. , Neoforma.com's traditional/live auction house, which will continue its live auction activities. Under the terms of the alliance, Neoforma.com is the exclusive marketplace for medical products from VerticalNet. "This alliance brings strategically valuable and complementary content, equipment and services to the VerticalNet medical portfolio, with further opportunities to continue to grow our percentage of revenues from e-commerce transactions," said Mark Walsh
Mark Walsh is an entrepreneur, venture capitalist, and political activist. , President and 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. of VerticalNet. "The deal is yet another indicator of VerticalNet's ability to partner in order to build out a vertical or set of verticals with partners that are leaders in their markets." In addition, the agreement between the two companies is designed to enable VerticalNet to take advantage of Neoforma.com's strengths in the online auction of medical products, supplies and equipment. VerticalNet will exclusively build and manage a co-branded career center and an online training and education center. The two companies will jointly offer transaction-based services across VerticalNet's health industry communities, including E-Dental.com, Nurses.com, Hospital Network.com and Medical Design Online. Neoforma.com will gain access to VerticalNet's strengths in online sales of lab equipment. The parties will share revenues on mutually generated e-commerce and marketing activity. "We are pleased to enter into this alliance with VerticalNet, given its significant strength in providing business-to-business trading communities," said Bob Zollars, CEO of Neoforma.com. In October, VerticalNet was an equity investor in a preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. financing completed by Neoforma.com. About VerticalNet, Inc. VerticalNet, Inc. (www.verticalnet.com), owns and operates 53 industry-specific Web sites designed as online business-to-business communities, known as vertical trade communities. These vertical trade communities provide users with comprehensive sources of information, interaction and e-commerce. They are grouped into 10 sectors: ADVANCED TECHNOLOGIES: Aerospace Online, Auto Central.com, ComputerOEM Online, Embedded Technology.com, Plant Automation.com, Semiconductor Online, Test and Measurement.com; COMMUNICATIONS: Digital Broadcasting Digital broadcasting is the practice of using digital data rather than analogue waveforms to carry broadcasts over television channels or assigned radio frequency bands. It is becoming increasingly popular for television usage (especially satellite television) but is having a .com, EC Online, Fiber Optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber Online, Photonics Online, Premises Networks.com, RF Globalnet, Wireless Design Online, Wireless Networks Online; ENVIRONMENTAL: ElectricNet, Pollution Online, Power Online, PublicWorks Online, Pulp and Paper Online, Safety Online, Solid Waste Online, Water Online; FOOD AND PACKAGING: Bakery Online, Beverage Online, Dairy Network.com, Food Ingredients Online, Food Online, Meat and Poultry Online, Packaging Network.com; FOODSERVICE/ HOSPITALITY: E-hospitality.com, Foodservice Central.com; HEALTHCARE/SCIENCE: Bioresearch bi·o·re·search n. Research in the biological sciences. Online, Drug Discovery Online, E-Dental.com, Home Health Provider.com, Hospital Network.com, Laboratory Network.com, Long Term Care Provider.com, Medical Design Online, Nurses.com; MANUFACTURING AND METALS: Machine Tools Online, Metrology World.com, Surface Finishing Surface finishing is used to describe a number of industrial processes that can be applied to improve the surface of a manufactured item. The major reason to apply these processes is to improve appearance, improve adhesion or ink wettability, corrosion protection, wear resistance and .com, Tooling Online; PROCESS: Adhesives and Sealants.com, Chemical Online, Hydrocarbon Online, Paint and Coatings.com, Pharmaceutical Online, Online, Oil and Gas Online; SERVICE: HR Hub.com, Property and Casualty.com. About Neoforma.com, Inc. Neoforma.com is a leading provider of business-to-business e-commerce services in the large and highly fragmented market for medical products, supplies and equipment. Neoforma.com offers three primary services, Shop, Auction, and Plan, which together address the entire healthcare purchasing lifecycle, from planning through procurement to liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy . Neoforma.com Shop provides a unified marketplace where purchasers can easily locate and buy new medical products, and suppliers can access new customers and markets. Neoforma.com Auction creates an efficient marketplace for idle assets by enabling users to sell and buy used refurbished and surplus medical products. Neoforma.com Plan provides interactive content to healthcare facility planners to reduce the complexities of planning and outfitting facilities. This announcement contains forward looking statements that involve risks and uncertainties, including statements that are preceded by, followed by or include the words "believes," "plans," "intends," "expects," "anticipates," with opportunities" or similar expressions. For such statements, the Company claims the protection of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements contained in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Factors that could cause actual results to differ from those contained in the forward-looking statements include those set forth in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the period ended December 31, 1998 and the Company's Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 1999, both of which have been filed with the SEC. VerticalNet is the registered trademark of VerticalNet, Inc. All other names are trademarks and/or registered trademarks of their respective owners. Neoforma.com and www.neoforma.com are trademarks of Neoforma.com, Inc. Other Neoforma.com logos, product names, and service names are also trademarks of Neoforma.com, Inc., which may be registered in other countries. Other product and brand names are trademarks of their respective owners. |
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