2TheMart.com, Inc. Announces That IBM Is Building Its E-commerce Auction Site to Compete With Ebay and Amazon.IRVINE, Calif.--(BUSINESS WIRE)--June 4, 1999-- 2TheMart.com, Inc. (the "2TheMart"), (Nasdaq:TMRT TMRT Mean Radiant Temperature TMRT Total Mean Retention Time TMRT Taipei Mass Rapid Transit TMRT Tactical Medical Response Team TMRT Table Mountain Race Team (Saskatchewan, Canada) TMRT The Museum of Retro Technology ), announced today its relationship with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Interactive Media, a division of International Business Machines Corporation (NYSE NYSE See: New York Stock Exchange :IBM), which has built sites such as Grammys.com, the Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. Signature site, Macys.com and Borders.com, and that IBM has been developing and constructing the 2TheMart.com web site since January 1999. 2TheMart chose IBM because of a demonstrated understanding of web design, creative talent and deep technical expertise. In addition to building the site, IBM will also be providing all of the hardware and network infrastructure to create a fully scalable site, capable of handling a high volume of transactions. The 2TheMart.com site is being designed to be a dynamic business to consumer and person to person e-commerce auction trading environment. "We are planning a very exciting e-commerce environment for consumers as well as our partners and having IBM on our side gives us a high level of comfort as we approach our launch," said Mark Rosenberg, 2TheMart.com's Vice President of Marketing & Sales. 2TheMart.com's site will provide a dynamic commerce trading environment, like those established by eBay.com (Nasdaq:EBAY), and other online auctions such as those of Yahoo (Nasdaq:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ); as well as direct sales and auction sites such as Amazon.com (Nasdaq:AMZN AMZN Amazon.com (NASDAQ symbol) ). The site is intended to be one of the largest and preeminent e-commerce communities on the web with enhanced features currently not available from other commerce sites today. Certain information and statements included in this release constitute "forward-looking statements" within the meaning of the Federal 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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements. |
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