100-TimeRepeat Buyers Inducted Into NetBuy's ``Century Club''.LAGUNA HILLS La·gu·na Hills A city of southern California southeast of Santa Ana. Population: 33,600. , Calif.--(BUSINESS WIRE)--Sept. 20, 1999-- Usage Suggests Site is Used as an Application, Not a Web Site NetBuy, the world's largest source for electronic components, announced its "Century Club" -- a recognition program for professional buyers that have bought from the www.NetBuy.com site 100 or more times. "We judge ourselves on how buyers use NetBuy.com. Specifically we determine if we've delivered enough value that buyers execute a purchase with us. What we're seeing is that people are using our site every single day, throughout the day, as a purchasing application, not just an 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. Website that links to others sites to buy from," said Jim Wittry, 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 NetBuy. "The formation of the Century Club is our way of thanking those key, high-volume, repeat buyers that are helping us to pioneer the world's largest source for electronic components." "I've purchased from NetBuy over 140 times," said Alan Pufpaff, vice president of Genesee Industrial Electronics. "I buy from them for two reasons, the site is comprehensive and simple. I can search their huge database of products, save quotes and to purchase, and it's just a mouse click -- it's that easy." In its first year, NetBuy has reached a series of milestones that signify sig·ni·fy v. sig·ni·fied, sig·ni·fy·ing, sig·ni·fies v.tr. 1. To denote; mean. 2. To make known, as with a sign or word: signify one's intent. the increasing acceptance of E-commerce within the electronic components industry. These milestones include an $8 billion annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. quoting volume, 500,000 user sessions A count of how many times all users access a Web site regardless whether the same person came back several times during the measurement period. If a user leaves and returns within a short time, some systems count those sessions as one. Contrast with unique visitors. See also user session. and strategic alliances such as the Ariba/NetBuy partnership. All of these milestones contribute to a great report card for NetBuy and the site's accomplishments, but what makes NetBuy's online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. universe so successful is the repeat buyer traffic. Going forward, NetBuy's expansion, growth and alliances will answer to one goal, delivering increasing power to professional buyers and purchasers of electronic components. About NetBuy NetBuy is the world's largest source for electronic components. As a "vortex site," NetBuy's www.NetBuy.com provides an electronic supply chain to OEMs, contract manufacturers, and electronic manufacturing services whose real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. requirements typically include small order, shortage, and quick-turn manufacturing. With a $2.3 billion inventory of over 330,000 electronic components, equipment, software and manufacturing-related items and services from over 2,030 manufacturers, NetBuy opens a new channel for its 62 distributor partners by lowering their cost of doing business in serving the $200 billion electronic component market. NetBuy can be reached at www.NetBuy.com, press@NetBuy.com, 800-458-5766, or via fax at 949-495-4501. NetBuy is a registered trademark of NetBuy Corporation. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners. |
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