58k.com Becomes Net's First-Ever Multi-Language, Multi-Currency Online Marketplace for Printing Services.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--June 19, 2000 The Internet's only live, auction-based commercial printing site, 58k.com, announced today that it is now the first 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. company to provide global users with interactive multi-language, multi-currency services. This announcement comes in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with this week's launch of the site in France. Launched in the U.S. last year, as an online market for connecting print buyers to the 58,000 printers across the country, the New York-based dot.com has been operating in the UK since April. "This is a revolutionary service for our clients because it removes barriers that keep buyers and printers from conducting business in the global marketplace," said David Robb This page is on the British actor. For the former Scottish footballer see Dave Robb (footballer) David Robb (born August 23, 1947, in London, England, UK) is a British actor. , vice president of Sales and Marketing for 58k.com. Robb stressed that this is not an automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. translation service, but an interactive operation that lets buyers and printers view the transaction in their own language and currency. Users of the European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. site can now auction print jobs in Euros as well as British pounds, he explained. To make the service a reality, 58k.com created an electronic form that the buyer fills out by choosing options from labeled menu items. For each language, 58k.com's staff of printing professionals translated each field, each option, and each piece of text, in the proper context. The end result is that both parties can negotiate a complex printing job in the language they choose. "We believe that this simple formula is a powerful tool to facilitate even greater savings and efficiencies for print buyers and printers around the globe," added Bob Rose, 58k.com president. Rose, a 30-year veteran of the printing industry, and Robb, former chairman of a graphic arts graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. finishing company, co-founded the company in October 1999. 58k.com was built from the ground up to automate To turn a set of manual steps into an operation that goes by itself. See automation. the print procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. process, traditionally a tedious task involving numerous phone calls, faxes and personal visits between company or agency print buyers and printing companies. The site typically saves print buyers at least 10 to 50 percent off the cost of printed materials such as brochures, newsletters, catalogs, annual reports, direct mail and forms through its competitive auction. The print auction is free and anonymous for buyers. Printers pay a small commission once a print job is complete. In operation since October 1999, the U.S. site is experiencing user growth of 3 to 5 percent per day. This figure includes more than 2,500 printers who have enrolled from every state in the country, and thousands of buyers, including Fortune 500 companies. Note to the Editor: This news release can be found at http://www.58k.com/info/US/press.epl FAQs FAQs Online A list on a website that answers basic–Frequently Asked Questions–that might be asked by a first-time visitor to the site http://www.58k.com/info/US/faq.epl About 58k http://www.58k.com/info/US/about.epl |
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