Active Assets Announces Latin American Network Partners.Business Editors, High-Tech Writers NEW YORK--(BUSINESS WIRE)--July 12, 2000 Largest 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 Online Industrial Exchange in 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. Inks Deals to Sell Surplus Industrial Goods industrial goods npl → bienes mpl de producción in Exploding Latin American Market North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. companies will soon be able to sell surplus industrial assets and inventory in the rapidly growing Latin American market through a direct electronic pipeline to established auctioneers and sales agents in Latin America and Spain, thanks to agreements signed today by Active Assets & Associates, Inc. (CDNX CDNX See Canadian Venture Exchange (CDNX). :AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. ) and several Latin American partners. Miami-based ActiveAssets, the company behind the largest business-to-business online industrial exchange in Latin America, has completed agreements with major auction partners and associates in Argentina, Brazil, Chile, Colombia, Mexico, Spain, and Venezuela (list attached). These partners will sell surplus equipment listed on the ActiveAssets Exchange (www.ActiveAssets.com) to companies in their home countries. The announcement was made at "E-Ventures in Latin America," a financial conference being held in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of this week. The ActiveAssets network of on-ground, brick-and-mortar partners will complement the on-line activities of the ActiveAssets Exchange. "The hands-on, personalized service we provide customers through our network will be invaluable," said ActiveAssets President Richard Clark Richard Clark may refer to several people:
Services to be provided through ActiveAssets network will include product assurances, third-party appraisal and inspection services, freight calculation and forwarding, customs regulations assistance, financing and escrow. The network will also enable ActiveAssets to tap into a major source of both products and customers. "All of our associates bring with them a multitude of distribution channels for the surplus assets we will be selling, plus a database of long-established customers," added Clark. "As a result, the ActiveAssets Exchange will quickly become the marketplace of choice for the sale or purchase of industrial equipment in Latin America." The ActiveAssets Associates in Latin America and Spain include: Argentina De Noia & Mercado S.A. With over 25 years of experience in the industrial auction business, De Noia & Mercado has become the leading industrial auction house in Argentina. With agents located in the major industrial centers in the country, De Noia & Mercado is able to source products and service clients throughout the different Argentinean provinces. Brazil Area Auctioneers Area is the operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of one of the top auction groups in Brazil, with operations in eight different locations in the state of Sao Paulo, and facilities in five other regions of the country. The Area group of companies controls a significant share of the auction market in Brazil, and has over 40,000 registered clients, including a number of Fortune 1000 companies and the country's leading banks and financing firms. Chile Tattersall tat·ter·sall also Tat·ter·sall n. 1. A pattern of dark lines forming squares on a light background. 2. Cloth woven or printed with this pattern. adj. Remates S.A. Tattersall is the largest auction house in Chile with a market share of over 50%. The Company is part of the Tattersall Group of Companies, a publicly listed holding company with interests in the Chilean agricultural, transportation, and real estate sectors. In business for 87 years, Tattersall has 32 offices throughout the country, and more than 14,000 registered clients. Colombia Unirentals S.A. A member of the UNIMAQ Group, Unirentals has been in business for over 46 years and is one of Colombia's leading distributors of industrial equipment. It is a private company with six offices located throughout Colombia, and is a major supplier of equipment to the manufacturing, transportation, oil and construction industries. Mexico Comercio Informatica Y Logistica Internacional, S.A. DE C.V. - CIL (Common Intermediate Language) The ECMA version of the Microsoft Intermediate Language (MSIL). See CLI. 1. (project) CIL - Component Integration Laboratories. 2. (language) CIL - Common Intermediate Language. In Mexico, a country that does not have a tradition of auctions, ActiveAssets has partnered with CIL -- the leading freight forwarding, distribution and supply center in Mexico. The Company, with annual revenues of approximately $80 million, operates a 266,804 square meter Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas warehouse housing a self-contained railway distribution facility that serves the Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi region. CIL counts amongst its clients some of the world's major manufacturers, as well as Mexico's leading banks and industrial groups. Spain L. Proyectos Y Logistica, S.A. - LPL LPL - List Programming Language. LISP-like language with ALGOL-like syntax, for IBM 360. "LPL - LISP Programming Language", F.W. Blair et al, RC 3062, IBM TJWRC, Sep 1970. In Spain, another country without a tradition of industrial auctions, the local ActiveAssets Associate is L. Proyectos y Logistica, S.A., LPL, which is owned in part by VTG VTG Variable Turbine Geometry (turbochargers) Vtg Vitellogenin VTG Vicksburg Theatre Guild (Vicksburg, MS) VTG Voice Technologies Group, Inc. Lehnkering- Hapag Lloyd, a member of the German Preussag Group. LPL, a global freight forwarding and logistics provider with offices in 40 countries, specializes in the transport of industrial equipment around the world. Through its extensive European client base and the connection to its parent company, LPL has access to millions of dollars worth of industrial equipment. Venezuela Nationwide Movers, SA - NMovers NMovers is one of the main freight forwarders and warehousing companies in Venezuela, with offices and installations in the four main regions of the country. It offers specialized expertise in the handling of heavy equipment for the oil industry, as well as full freight and logistics services to multinational corporations operating in Venezuela. ActiveAssets will sell equipment from several industry segments, including oil & gas, construction machinery & heavy duty equipment, medical & laboratory equipment, pollution control, telecommunications, machine tools & auto parts, textiles, processing & packaging, and more. In addition, ActiveAssets has signed an agreement with Union Standard Equipment Company, the world's largest dealer of used and reconditioned re·con·di·tion tr.v. re·con·di·tioned, re·con·di·tion·ing, re·con·di·tions To restore to good condition, especially by repairing, renovating, or rebuilding. packaging and processing machinery. Under the terms of the agreement, Union Standard becomes the exclusive dealer in the ActiveAssets.com Exchange for confectionery, bakery, food, pharmaceutical, cosmetic and chemical processing and packaging equipment for Latin America. Union Standard, which was founded 88 years ago in New York, now generates nearly half of its annual sales in Latin America after opening an office in Mexico City just five years ago. Active Assets & Associates Inc., provides the largest business-to-business online marketplace for the sale of surplus industrial equipment and corporate assets to Latin American businesses, and offers consolidated, direct, fast access to that inventory. The company trades on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) under the symbol AAA, and has offices in Miami; Vancouver, British Columbia, Canada; Mexico City; Caracas, Venezuela; Sao Paulo, Brazil; and Bogota, Colombia. ON BEHALF OF THE BOARD OF DIRECTORS (signed) Simon Ridgway, Director The Canadian Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release. |
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