Active International Announces Strategic Alliance with redtagbiz.com to Provide Online Wholesale and Trading Opportunities.Business/High-Tech Editors PEARL RIVER Pearl River, uninc. village (1990 pop. 15,314), Rockland co., SE N.Y., near the N.J. line. It is a residential suburb of New York City, and a computer and telecommunications research and development center. Pearl River River, central Mississippi, U. , NY--(BUSINESS WIRE) Feb. 22, 2000 - Agreement gives Active and redtagbiz.com greater flexibility in handling clients' inventory Active International today announced the creation of a strategic alliance with redtagbiz.com, inc., that will broaden the opportunities customers have in moving their excess inventory or underperforming assets underperforming asset An asset that earns a lower rate of return than it would be capable of earning if it were properly used. A firm with underperforming assets is a prime target for takeover. Compare nonperforming asset. . As a result of this strategic alliance, companies already working with redtagbiz.com will be able to move their inventory via liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy or receive the benefits of a corporate trading transaction. The agreement calls for Active International to work with redtagbiz.com, redtagoutlet's business-to-business Internet wholesale exchange, to market Active's merchandise acquired in the course of its trading transactions. redtagbiz.com will become a preferred Web-based outlet for the sale of such merchandise. Under terms of the agreement, Active International will, with its clients' consent, make available inventory and merchandise to retailers and buyers of wholesale goods through redtagbiz.com. Active International, the world's largest corporate trading company, acquires excess inventory and wholesale goods from manufacturers in exchange for trade credits, which are then used to reduce the cash cost of the manufacturer's advertising, printing, and other goods or services. Active will also have the opportunity to work with redtagbiz.com inventories to develop trading transactions, when applicable, with the manufacturers involved. The alliance with Active gives redtagbiz.com the opportunity to offer corporate trade transactions as well as liquidation services to its clients. "Active International is pleased to be a part of this important new alliance," said Alan Elkin, Active's Chairman 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. . "We're very impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: with redtagoutlet.com's business-to-business Internet model and we feel they are ahead of the market in providing Internet solutions for the corporate trading industry. It will undoubtedly change the way companies view and utilize corporate trading and widen wid·en tr. & intr.v. wid·ened, wid·en·ing, wid·ens To make or become wide or wider. wid  en·er n. the options for companies considering
liquidation. The corporate trading industry has the potential to reach
$1 trillion dollars with the addition of a Web-based model in completing
wholesale transactions." redtagbiz.com will serve as a Web presence
for Active International, offering excess inventory acquired by Activie
International in trading transactions to a wide range of retailers and
buyers.
"This agreement reaffirms redtagoutlet.com as the leader in the Internet business-to-business wholesale marketplace, and is critical in our strategy to offer name brand products at the best possible prices to retailers," said Tom Petters, Chairman and CEO of redtagoutlet.com. "The corporate trading industry is a $8 billion dollar industry. Our relationship with Active International brings the Web-based model to the forefront in moving assets in this industry." redtagoutlet.com, inc., based in Eden Prairie Eden Prairie A city of eastern Minnesota, a residential suburb of Minneapolis. Population: 57,300. , Minn., is focused on creating the first efficient, world wide, "opportunity merchandise" marketplace through its redtagbiz.com business-to-business site. redtagbiz.com offers its participants highly competitive prices online for products including consumer electronics, sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport , apparel, housewares house·wares pl.n. Cooking utensils, dishes, and other small articles used in a household, especially in the kitchen. and other merchandise. The company was founded by its Chairman and CEO, Thomas J. Petters, in August 1998. Founded in 1983, Active International is the largest global corporate trading company dedicated to developing effective, problem-solving programs to transform underperforming assets into future cash flow savings and profits. Active enables its clients to utilize their underperforming assets to offset the cost of media, goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. purchased through Active. In addition, Active International remarkets the acquired assets throughout the world in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with its clients' instructions. The company employs more than 370 people in 12 countries. Active's website is http://www.activeinternational.com. |
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