American Express and BuyerZone.com Announce Online Partnership.Business Editors, Hi-Tech Writers CAMBRIDGE, Mass.--(BUSINESS WIRE)--May 2, 2000 Online Small Business Marketplace Will Provide American Express' SIMPLE Individual Retirement Accounts and 401(K) Plans BuyerZone.com, one of the world's premier online services for small to mid-sized businesses, has partnered with American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. to offer SIMPLE Individual Retirement Accounts (IRA's) and 401(k) plans through its Internet-based service. "Retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. is one of the key financial goals of small business owners," says Nancy McCall, vice president Small Business Owner Marketing for American Express. "This partnership will make it easier for small business owners to determine the right retirement plan for them." Since 1992, BuyerZone.com has been serving the business management needs of small businesses through its independent buyer's guides coupled with online purchasing and price quotation QUOTATION, practice. The allegation of some authority or case, or passage of some law, in support of a position which it is desired to establish. 2. Quotations when properly made, assist the reader, but when misplaced, they are inconvenient. tools. The tools provide a superior guided buying experience for small businesses. BuyerZone.com has enlisted en·list·ed adj. Of, relating to, or being a member of a military rank below a commissioned officer or warrant officer. enlisted Adjective more than 11,000 suppliers to create a network that fulfills a comprehensive range of business needs - from benefits packages to office equipment. Within BuyerZone.com's benefits category, American Express will offer retirement programs for small and mid-sized companies. "BuyerZone.com shortens the purchasing cycle between buyers and sellers. We provide businesses with time saving tools and information that help them make a better informed decision," noted Brenda Chin Hsu, president and chief executive officer of BuyerZone.com. "And because we've set up a win-win situation, many `best-of-breed' manufacturers, service providers, agents and retailers are generating new business through BuyerZone.com at a fraction of the time and cost required by traditional channels." American Express is a leader in providing comprehensive financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and products that serve individual retirement needs. The two companies are working together to leverage each of their respective assets in a way that delivers added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
Since launching online in 1997, BuyerZone.com has helped more than 2 million small businesses make informed purchase decisions. BuyerZone.com has partnered with a number of online gateways, including America Online See AOL. , Yahoo, Business Week, and Inc.com, to expand the reach of its offering to the fast-growing market of business owners and purchasing managers A Purchasing Manager is an employee within a company, business or other organization who is responsible at some level for buying or approving the acquisition of goods and services needed by the company. at companies with fewer than 100 employees. About BuyerZone.com BuyerZone.com is the world's premier online purchasing marketplace for small to mid-sized businesses, combining the most comprehensive decision support with the industry's leading purchasing management and eCommerce tools. The company delivers a guided buying experience that empowers customers to easily evaluate and quickly make the right purchases for all their business needs. BuyerZone.com's vast network of more than 11,000 suppliers provides customers with easy access to the broadest range of technologies, office equipment, supplies, and business services across the widest range of price points. BuyerZone.com has influenced the buying decisions of more than 2 million small and mid-sized business customers, and in 1999, the company assisted with the purchase of more than $2.5 billion in 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. . BuyerZone.com is accessible for free at www.buyerzone.com and through leading small business portals on the Internet. About American Express Financial Advisors American Express is one of the world's leading financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies. Its financial advisors division is part of the American Express Financial Corporation family of companies, which currently owns, manages and administers more than $262 billion in assets. Through a network of more than 11,300 financial advisors and its online brokerage, the company provides comprehensive, long-term financial planning and high quality financial products to more than two million clients throughout 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. . For more information on American Express Financial Advisors, visit the company's Web site at www.americanexpress.com/advisors or call (800) 386-2042. |
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