Ableauctions.com Inc. Enters Into Strategic Partnership with Allaire Corp.BURNABY, British Columbia--(BUSINESS WIRE)--Sept. 13, 1999-- Ableauctions.com Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ABLC ABLC Affect-Based Language Curriculum ABLC Amphotericin B Lipid Complex ABLC Absorbing Branch-Line Coupler , ABLCD) is pleased to announce Allaire Corporation Allaire Corporation was a computer software company founded by Jeremy and JJ Allaire in Minnesota, later headquartered in Cambridge, then Newton, Massachusetts. It commenced operations in May of 1995, had its initial public offering on NASDAQ (trading as ALLR) in January 1999, and (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 :ALLR) as a strategic partner in the development of the company's Internet site. The Allaire Corporation, based in Cambridge, Mass., will implement application development and server software for Ableauctions enterprise-scale application. The company's products enable high-volume, transaction-oriented applications for electronic commerce. The deployment of the Ableauctions site marks the first and most extensive design that the Allaire Corporation and Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. (NYSE NYSE See: New York Stock Exchange :CPQ CPQ Compaq CPQ Conseil du Patronat du Québec (Canada) CPQ Configure-Price-Quote CPQ Conseil de Presse du Québec (Québec Press Council, Canada) CPQ Companion Parrot Quarterly ) have jointly collaborated on. It is expected to pave the way to successive implementations. Ableauctions.com's online presence deploys Allaire's ColdFusion Web application server and Compaq Computer Corporation's Proliant servers. Ableauctions.com will broadcast live auctions via the web as well as host silent auctions, charity auctions and feature a retail store. Ableauctions.com will broaden its customer base by allowing anyone with access to the Internet to participate in live online auctions. Visitors will register, log on, preview products, bid, and purchase the goods securely. On the backend, the e-commerce system will tie-into legacy applications, provide tools for calculating taxes and shipping costs, work with a variety of payment schemes and process transactions securely. "In the course of our research, we found the Allaire's resources and products to be clearly superior. Allaire has taken Internet site development to a completely different level with ColdFusion," said Abdul Ladha, 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 Ableauctions.com. "ColdFusion is a consolidation of technologies that enable rapid development of highly complex e-commerce sites -- development that would have conventionally taken far more time and resources." "Ableauctions.com is looking to become one of the top ranking online auction firms in the world," said Jeremy Allaire In 1995 Jeremy D. Allaire co-founded Allaire Corporation with his brother JJ Allaire, creating the web development tool Cold Fusion. When Macromedia acquired Allaire in March 2001, Jeremy became Chief Technology Officer. , vice president of technology strategy, Allaire Corporation. "The partnership between Allaire and Compaq will provide them with an integrated hardware and software platform for rapidly deploying a scalable, reliable e-commerce system that will give them the foundation needed to be successful in the highly competitive space of online auctions." About Ableauctions Ableauctions.com is a high tech business-to-business and consumer auctioneer that conducts its auctions live and simultaneously broadcasts them over the Internet. The company liquidates a broad range of computers, electronics, office equipment, furniture and industrial equipment that it acquires through bankruptcies, insolvencies and defaults. Ableauctions.com's strategy is to position itself as a world class Internet Auction Company. Ableauctions.com can be found on the World Wide Web at www.ableauctions.com. About Allaire Allaire Corporation is the industry's leading independent Web application platform provider. Over 300,000 developers worldwide use the company's products. Allaire Spectra See Macromedia Spectra. , ColdFusion, JRun and HomeSite to build and deploy a broad range of interactive Web applications and public Internet sites. With a network of over 1,500 partners, including the system integrators, consultants, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , independent software vendors and complementary technology vendors, the Allaire Alliance Partner Program delivers integrated Web application development and business and solutions to customers around the world. Headquartered in Cambridge, Mass., Allaire Corporation also has offices in Europe and Asia Pacific and can be found on the World Wide Web at www.allaire.com. This press release contains forward-looking statements, particularly as related to the business plans of the company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Act of 1934 and are subject to 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. created by these sections. Actual results may differ materially from the company's expectations and estimates. Note to Editors: Ableauctions and Ableauctions.com are trademarks of Ableauctions.com Inc. ColdFusion and HomeSites are U.S. registered trademarks and Allaire, JRun and Allaire Spectra are trademarks of Allaire Corp. All other company names, brand names and product names are trademarks of their respective holder(s). On behalf of the board Abdul Ladha President |
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