23 of the World's Leading Companies Join Commerce One in Incorporating the Global Trading Web Association.Business Editors and High Tech Writers PLEASANTON, Calif.--(BUSINESS WIRE)--Aug. 14, 2000 Organization Poised to Expand International B2B e-Commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. Includes Business Leaders from 15 Countries Twenty-three of the world's major corporations and e-Marketplaces have joined with Commerce One, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ), the leader in global e-commerce for business, to create the Global Trading Web(TM)Association, the world's first commercial, international organization focused on the development and expansion of international business-to-business electronic commerce. The Global Trading Web Association is a "non-stock" corporation incorporated in Delaware. The members of the Global Trading Web Association will work together to promote national and international trade in goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. through the creation of electronic commerce alternatives to traditional commerce, and to remove barriers to trade and distribution of goods and services. The Bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management. Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an signed by these Charter Members create the ability for the Global Trading Web to adopt rules, standards, guidelines and best business practices that will enable and promote the seamless buying and selling of goods and services securely over the Web on a worldwide basis. The Global Trading Web Association will also allow members and their customers to benefit from the expertise, experience and capabilities of other member companies across the globe. The Charter Members of the Global Trading Web Association include: Asia2B (Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. ); Banco Nacional Banco Nacional was a bank from Brazil. It was taken over by Unibanco in 1995. The Nacional brand is better known as main sponsor of Ayrton Senna during most of his racing career in Formula 1 (1985-1994). de Mexico, S.A. (Artikos) (Mexico); BT MarketSite (UK); Cable & Wireless Optus (Australia); Com2B (Taiwan); Commerce One MarketSite.net; Concert; conextrade (Switzerland); Gate2Biz.com (India); Metique; NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform Com (Japan); Opciona.com by Endesa Marketplace (Spain); PeopleSoft MarketPlace; PT Prime Tradecom (Portugal); PricewaterhouseCoopers; SESAMi.NET (Singapore); Sterling Commerce; TD MarketSite (Canada); and TradeAlliance (Singapore). Global Trading Web Association members comment about the formation of the Association and its importance in the promotion of global, Internet commerce: "The GTW GTW Gateway, Inc. (stock symbol) GTW Global Trade Watch GTW Grand Trunk Western (railroad) GTW Gatwick Airport GTW Global Trading Web (Commerce One B2B-platform) Association is an exciting chance for us to promote global e-commerce, to the benefit of consumers, buyers and suppliers. By working together, we can improve the efficiency and power of global e-commerce." - Fang Fang, 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 Asia2B in Hong Kong "The Global Trading Web Association will enable companies from all over the world to work hand-in-hand to expand business-to-business electronic commerce globally. Artikos will help this open, voluntary organization bring the benefits of e-commerce to nations throughout Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and around the world." - Edgardo del Rincon, CEO, Artikos "The creation of the GTW is a groundbreaking moment in the history of B2B e-commerce and BT is proud to be at the forefront of this. We at BT are very excited by the huge benefits that our customers can reap through the opportunities that interoperation across the GTW can present. Through the GTW, BT sees even the smallest of suppliers gaining truly global 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 reach while keeping their customer base under their own control. Equally buyers can now gain access to diverse global content through a single portal. In addition, for the first time, through the openness of the GTW, buyers and suppliers have real choice over who they want their service provider to be without losing any of the trading benefits afforded by any single provider, and we at BT consider that this can only be a good thing for consumers and for building up B2B e-commerce as a whole." - British Telecom The telephone and communications carrier that provides services in Great Britain and Northern Ireland. It used to be a division of the British Post Office, but was privatized in 1984 under Margaret Thatcher's administration. Iginite Application Services See ASP and Web services. (BT MarketSite) "The Global Trading Web Association is an open, voluntary organization that helps members achieve their goals of removing barriers to international and domestic e-commerce trade and growing their electronic commerce marketplaces." - Carl Falk, Senior Vice President, Commerce One, Global Trading Web "Thanks to its speed and reliability in implementing new business services and multilingual mul·ti·lin·gual adj. 1. Of, including, or expressed in several languages: a multilingual dictionary. 2. solutions, conextrade, the electronic business-to-business marketplace of Swisscom, holds a forerunner A family of ATM adapters from Marconi (formerly Fore Systems). See Marconi. position within the Global Trading Web and ensures that true global B2B trading becomes reality for users in Switzerland and other European countries." - Thomas Kern Kern, river, 155 mi (249 km) long, rising in the S Sierra Nevada Mts., E Calif., and flowing south, then southwest to a reservoir in the extreme southern part of the San Joaquin valley. The river has Isabella Dam as its chief facility. , Head of conextrade. "Our vision is to harness India's vast unexplored resources and low costs to achieve a significant place in the worldwide markets, thereby achieving greater prosperity, greater employment and increase national wealth of our country. India's Marketsite portal (www.gate2biz.com) along with the vertical marketplaces representing the major industries in the country, will create a B2B digital marketplace in India. These marketplaces linked to Commerce One's Global Trading Web will provide greater visibility and access for Indian products in the global markets." - Suresh Nanda Lt-Cmdr Suresh Nanda is an Indian arms dealer and head of the firm Crown Corporation. An ex-naval officer, Suresh Nanda was implicated in the Tehelka sting operation West End for giving bribes in at least two transactions:
"The GTW, and the true interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. and global reach that it promises, will be a fundamental corner stone any industry specific business model. At Metique we are excited about the prospect of collaborating with our GTW partners to give the Metals community a truly distinctive global service." - Chris de Bruin, COO, Metique Inc. "NTT Communications is excited to provide huge benefits of the Global Trading Web to our customers. With its interoperability, the GTW will leverage the Japanese B2B e-commerce market and take it to the global stage. As the leader of global information & telecommunications, NTT Communications will continue to participate in development of new innovations, offering new benefits and values to our customers." - Mitsuo Murakami, General Manager, Solution Business Division, NTT Communications in Japan Japan currently possesses one of the most advanced communication networks in the world. Telephone Telephones - main lines in use: 60.3 million (1997) '''Telephones - [. "The GTW Association means an outstanding platform for Spanish companies to leverage from in order to break geographical barriers. This is nowadays critical at a time where the positive domestic economic context is presenting Spanish corporations a unique chance to promote products and services abroad. Endesa Marketplace is leading this process and helping Spanish companies to approach their key natural areas for geographical expansion, Latin-America and Europe, and to improve efficiency when dealing with their global customers and suppliers, through its www.opciona.com B2B marketplace." - Alfonso Calderon, CEO of Endesa Marketplace "Cable & Wireless Optus is a keen participant in the development of the Global Trading Web. We believe that cooperation between leading Commerce One MarketSite partners will help create a global trading platform where both buyers and suppliers will reap the rewards of the largest, global trading community." - Noel Hamill, General Manager, eBusiness, Cable & Wireless Optus in Australia "Opening the Global Trading Web for business is an exciting opportunity for us to promote global e-Commerce. The Global Trading Web is a unique and powerful way for customers and suppliers to leverage a global network built on interoperability rather than redundancy." - Kerry Lamson, Senior Vice President and General Manager of PeopleSoft's MarketPlace Solutions Division "In today's increasingly competitive global marketplace, it pays to have a network of associates that share the common vision that SESAMi.com has - that of making our customer's desire to take their business systems truly global a priority among other needs within the organization. We are proud to be part of Commerce One's Global Trading Web initiative, and are looking forward to a close working relationship with the member companies within GTW now and in the future." - Poh Mui Hoon hoon Austral & NZ slang Noun a loutish youth who drives irresponsibly Verb to drive irresponsibly , managing director, SESAMi.com. "Sterling Commerce's mission is to provide customers worldwide with all the tools they need to realize the competitive advantages of e-business. The addition of Sterling's e-business communities to the resources of the Global Trading Web Association creates the world's largest community of buyers and sellers. We're pleased to have the opportunity to work with the association to promote and advance the GTW." - J. Brad Sharp, President and COO, Sterling Commerce "TD MarketSite Inc. is excited to provide this unique opportunity to Canadian businesses Canadian Business is the longest-publishing business magazine in Canada. It was founded in 1928 as The Commerce of the Nation, the organ of the Canadian Chamber of Commerce. The magazine was renamed Canadian Business in 1933. . The GTW has raised global connectivity to a new level of efficiency and choice for buyers and suppliers across the globe." - Stephen Hucal, President and CEO, TD MarketSite Inc. "Trade Alliance aims to be the Asian Gateway for Global eBusiness. As such, we are proud to be part of the Global Trading Web Association working together with 23 of the worlds most advanced B2B exchanges to deliver benefits to ALL our customers." - Anthony Peake Anthony Peake (1954 - ) has suggested a new and radically different explanation as to what happens to human consciousness at the point of death. This theory, which he terms Cheating the Ferryman was first published in the International Journal of Near Death Studies in 2004. , CEO Trade Alliance About Commerce One Commerce One (NASDAQ: CMRC) is the leader in global e-commerce solutions for business. Through its products, portals and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, any time, anywhere. The Global Trading Web(TM) is the world's largest business-to-business trading community. Comprised of many open e-marketplaces, the Global Trading Web provides unprecedented economies of scale for buying organizations, suppliers and service providers worldwide. Commerce One is located in Pleasanton, Calif., and can be reached by phone at 800-308-3838 or 925-520-6000 or via the Internet at www.commerceone.com. The foregoing paragraphs include 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. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements concerning the implementation of a global strategic alliance and the potential business benefits to be realized from such alliance. These statements are subject to risks and uncertainties. Actual results may differ materially from those described in such statements as a result of a number of factors. These factors include but are not limited to the ability of the parties to execute on their plans for the Global Trading Web Association and the extent of customer adoption and utilization of products and solutions related to the Global Trading Web. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its 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 year ended December 31, 1999 and its quarterly report on Form 10Q for the quarter ended March 31, 2000. Commerce One, GTW and Global Trading Web are either trademarks or registered trademarks of Commerce One, Inc. Other product or service names mentioned herein are the trademarks of their respective owners. |
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