Active Assets Hosts Industrial Exchange Summit; Heads of Major Latin American Auction Houses Converge in Miami.Business Editors MIAMI--(BUSINESS WIRE) The Board of Directors and management of 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. ) the company behind the largest 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. , met last week in Miami with the heads of all major auction partners and associates signed to date to participate in The ActiveAssets.com Exchange. The meetings took place over two days at the Hyatt Regency Regency, in British history, the period of the last nine years (1811–20) of the reign of George III, when the king's insanity had rendered him unfit to rule and the government was vested in the prince of Wales (later George IV) as regent. Coral Gables Coral Gables, city (1990 pop. 40,091), Miami-Dade co., SE Fla., SW of Miami; inc. 1925. Founded at the height of the Florida land boom, Coral Gables is a noted planned city, with tree-lined boulevards and Mediterranean-style buildings. , and were focused primarily on training, orientation and operational issues. The auctioneers and associates traveled from Chile, Brazil, Argentina, Venezuela, Colombia, Mexico and Spain to attend the sessions in preparation for the launch of The ActiveAssets.com Exchange, which is slated for July. The entire network of ActiveAssets partners and associates will be announced later next month, just prior to the launch. "We were extremely impressed with the level of enthusiasm displayed by all in attendance at our Miami summit," said Active Assets & Associates Inc. director Mario Szotlender. "It was really quite extraordinary to see this group come together, in that historically, the bulk of their respective business activities has been undertaken within their own country of origin," said Szotlender. "But they are all well aware of the opportunities afforded by the Internet to expand their businesses internationally, and they were clearly excited about the potential of The ActiveAssets.com Exchange to provide an electronic link to other Latin American countries List of American countries Nations:
Participants at the Miami summit were also given an in-depth tour of the beta-version of the ActiveAssets web site. The company that has been commissioned to develop the site, Atlanta-based iXL Enterprises, Inc., demonstrated the various multi-lingual search engines the site offers, along with its ability to automatically convert currencies, calculate shipping costs and other unique features. Other speakers discussed topics ranging from currency exchange and freight forwarding issues to commission structures and marketing programs. Each of the auction partners and associates did a brief presentation on the history and capabilities of their respective organizations. "Most of these companies have been in business for over 25 years and have developed a blue chip list of clients in their own regions. They have the financial resources, contacts and credibility required to make our Exchange the marketplace of choice for the sale or purchase of surplus industrial equipment in Latin America," said Szotlender. Szotlender estimates that the combined customer base of the ActiveAssets auction partners and associates is in excess of two million. "The synergies created through the partnerships will allow us to launch our Exchange with an enormous customer base, all of whom will be served through both the on-line components of our Exchange and the on-ground services provided by our partners and associates," said Szotlender. "Those partnerships will also allow us to post an extraordinary volume of inventory on our site, which will provide our customers with the largest and most comprehensive selection of surplus industrial assets ever assembled." About ActiveAssets ActiveAssets & Associates Inc., headquartered in Miami, provides the largest business-to-business online marketplace for the sale of surplus industrial equipment and corporate assets to Latin American businesses. The company sells equipment from several industry segments, including oil & gas, forestry, mining, construction machinery & heavy duty equipment, medical & laboratory equipment, pollution control, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , machine tools & auto parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. . 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 British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , Canada; 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 ; Caracas, Venezuela; Sao Paulo, Brazil; and Bogota, Colombia. ON BEHALF OF THE BOARD OF DIRECTORS Per: "signed" Mario Szotlender, 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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