Asia-Tech B2B Marketplace Opens Its Doors To The Electronic Components Industry.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--June 27, 2000 New Online Marketplace is Geared Up for Asian and US Buyers and Sellers; Marketplace Goes Live with Calico in Less Than 90 Days With Asian B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. expected to reach over $990 billion by 2004, Asia-Links Media (www.asia-links.com), a leading online global business information provider, announced today the launch of its new online electronic component marketplace -- Asia-Tech.com (www.asia-tech.com). Backed by several highly reputable trading partners -- Sanyo, Advan, Rymex and PCT (Private Communications Technology) A protocol from Microsoft that provides secure transactions over the Web. See security protocol. -- the new marketplace stands to secure, stimulate and simplify business dealings between Asia-US, Asia-Asia, and US-US buyers and sellers. In this highly competitive environment, the ability to deploy core functionality for 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 Marketplaces in less than 90 days was critical to Asia-Links Media. Asia-Links chose the many-to-many B2B Marketplace platform offered by Calico Commerce, Inc. (Nasdaq:CLIC CLIC Centre Local d'Information et de Coordination (French) CLiC Climate and Cryosphere (World Climate Research Programme project, Norway) CLIC Compact Linear Collider CLIC Connecticut Licensing Information Center ) to accelerate time to market and drive sales for its multiple buyers and sellers. Powered by Calico Market Maker(tm), Asia-Tech.com enables multiple buyers and sellers to reduce costs and inefficiencies, develop lucrative partnerships and rapidly serve the needs of this fragmented market with a single, standards-based solution. With sound financial backing from Goodwill Capital (Japan), Sanyo (Japan), CMC Magnetics CMC Magnetics Corporation is one of world's largest optical disc manufacturers, established in 1978. Products CMC produces a full range of CD and DVD storage media products, including: CD-R, CD-RW, DVD-R/RW, DVD+R/RW, DVD-RAM, Floppy Diskettes, Media Packaging. (Taiwan), and Dhunn-Carr (Boston), the founders of Asia-Tech.com have the resources to make this a premier business-to-business marketplace. The established alliances with the aforementioned trading partners, who will confirm the terms and conditions during transactions, handle order processing, and expedite delivery, will eliminate the uncertainties involved with international online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. . Mukesh Ahuja, Founder 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. of Asia-Links Media acknowledges the added benefits of a global marketplace between the US and Asia. "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. and Asia both entertain a vast market for electronic components. With the booming US economy, businesses here are primed for capitalizing on the price advantages provided by the Asian market. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
With no cost to join, and no software installation required, buyers and sellers can easily utilize Asia-Tech's basic services basic services, n.pl frequently insurance companies split dental procedures into basic and major categories. Basic services usually consist of diagnostic, preventive, and routine restorative dental services. after going through a verification process that includes a background and credit check. The first service allows suppliers to post their product catalogues for items that a buyer can search for and then purchase. Asia-Tech also allows buyers to participate in a reverse auction where they can post a request for quote (RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) ) and qualified suppliers can then bid against the quote. All content for these services are hosted by Asia-Tech, who also ensures the integrity and consistency of participant information by performing database maintenance in-house. Set up as a neutral, open marketplace, available to many buyers and many sellers, Asia-Tech.com is equipped to provide a level playing field See net neutrality. to all participants. "Since buyers and sellers are dealing with each other anonymously, Asia-Tech.com is also an ideal place for vendors to offload excess inventory and for buyers to find obscure or obsolete parts," said Ahuja. About Calico Commerce, Inc. Calico Commerce, Inc. provides an eBusiness application suite that enables leading corporations to sell products and services via the Web, through existing channels and in Net Markets. Calico's open-standards eBusiness applications match unique customer needs to products to drive revenue growth, increase customer satisfaction and achieve competitive advantage. Calico customers include leaders in high-technology hardware, manufacturing, telecommunications services, financial services, home furnishings, chemicals, agriculture and retail. Calico Commerce, Inc., headquartered in San Jose, Calif., can be found on the World Wide Web at www.calico.com. About Asia-Links Media Asia-Links Media, based in Sunnyvale, California, was founded in 1997. Asia-Links.com, an online business connection between Asia and the US, was launched by the company in 1998. Mukesh Ahuja (Founder and CEO), an MIT MIT - Massachusetts Institute of Technology graduate with 12 years of high tech experience, leads the company's international team. Former Sanyo Semiconductor America Chairman, Tsuyoshi Taira, serves as Chairman of Asia-Links Media. Except for the historical information contained herein, the matters discussed in news releases contain forward-looking statements that involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by such forward-looking statements. Potential risks and uncertainties are described in detail in public reports filed with the Securities and Exchange Commission such as Calico's Registration Statement on Form S-1 and on Form S-4 in connection with the ConnectInc.com acquisition. |
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