Adatom.com Signs International Sales Contract With Large Mid-Western Steel Buyer.Business Editors MILPITAS, Calif.--(BUSINESS WIRE)--Sept. 7, 2000 Adatom.com, Inc. (Nasdaq/NM:ADTM ADTM Antenna Deployment and Trim Mechanism (aerospace engineering) ), a creator and operator of electronic marketplaces, today announced it has signed an international sales contract Sales Contract Contract between a seller and buyer for the sale of goods, services, or both. with a large mid-Western steel buyer. The contract has an initial order value of a quarter million dollars and is scheduled for immediate delivery. Under the terms of the sales contract, Adatom will supply steel, sourced from China, as an alternative to present offshore supply. Adatom was able to obtain the steel on preferred terms as a result of its agreement with the China Product Trade Net Center (CPTNC). Adatom and CPTNC will be responsible for the complete process of steel acquisition, ensuring ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000 quality standards and delivery to the buyer in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . This sales contract specifically highlights one of the immediate benefits Adatom is enjoying as it implements electronic marketplaces for bi-directional trade through its strategic agreements with Chinese enterprises. Richard S. Barton, Chief Executive Officer for Adatom.com, stated, "This sales contract marks an important milestone for Adatom. It's the first fruit from our strategic agreements with our Chinese partners. Significantly, it was achieved in a highly competitive and specialized marketplace. It clearly demonstrates the ability of Adatom and our Chinese partners to work collaboratively and realize revenue from our partnerships." Liang Xi Liang Xi (梁習) was an officer of the Kingdom of Wei during the Three Kingdoms Period of China. Liang Xi acted as the protector of Bing in Wei. Liang Xi at one time achieved compliance from the Huns to then settle the frontier and to launch an agricultural sericulture , President of CPTNC stated, "We are proud of our successful partnership with Adatom to secure this contract. We will be working closely with Adatom to complete our e-commerce marketplace and realize revenue opportunities in other areas of bilateral trade." About Adatom.com, Inc. Headquartered in Milpitas, California Milpitas (IPA pronunciation: mɪlpitʌs; inhabitants are called 'Milpitans') is a city in Santa Clara County, California. It is located with San Jose to its south and Fremont to its north, at the eastern end of Highway 237 and generally between Interstate freeways 680 and , Adatom.com is a creator and operator of electronic marketplaces worldwide, enabling the most direct interfaces between buyers and sellers. Currently, these marketplaces range from an Internet superstore in the United States to an evolving global network connecting the China marketplace to the world. Adatom has substantive relationships in China, including strategic partnerships with the China Product Trade Net Center, the Yangling Agricultural Hitech Zone, ShenZhen Bay Industrial, Education and Research Center and the China Federation of Industrial Economics. Adatom's Internet superstore (www.adatom.com) offers more than three million items for the home, the individual and the office with a comprehensive mix of name brand products in 29 product categories. Additionally, Adatom.com provides branded e-Commerce solutions to other online retailers through its proprietary e-Commerce Solution Program (ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. ) based on a turnkey model of Web site enablement, high quality customer service and fulfillment. Statements in this news release that are not descriptions of historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks and uncertainties. Words such as "expects," "intends," "believes," "plans" "anticipates" and "likely" also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. , anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure and intellectual property rights. All forward-looking statements are made pursuant to the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission. |
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