Atlanta incubator targets Yellow Pages publishers and telephone companies with its new online marketplace, CommerceAVENUE.Business Editors & Technology Writers ATLANTA--(BUSINESS WIRE)--July 20, 2000 New marketplace uses wireless technology, chat, reverse auctioning, management tools, and other innovations to change the dynamics of purchasing 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. via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . Webbiz(TM) Corporation, an Atlanta based Internet idea incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the , announced today that Webbiz had begun development on its first Internet product, an online marketplace called CommerceAVENUE(TM). The company made the announcement at the Kelsey Group Local Online Conference in Boston. CommerceAVENUE, scheduled for public release in early 2001, is being designed as an evolutionary product of the online Yellow Pages. "What we have done is reinvent re·in·vent tr.v. re·in·vent·ed, re·in·vent·ing, re·in·vents 1. To make over completely: "She reinvented Indian cooking to fit a Western kitchen and a Western larder" the online yellow pages, going beyond the portal, beyond the local marketplace, and beyond the reverse auction," explained Richard Calmes, president and catalyst for Webbiz Corporation. "CommerceAVENUE is a new way for people to find virtually every service and every product they need via the Internet," Calmes added. A two-way e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. highway, CommerceAVENUE is based on patent-pending technology that combines e-commerce and m-commerce, and utilizes online scheduling, instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or , mobile appliances, and other innovative technologies to bring local consumers together with local service providers and local businesses. "The time is perfect for a product like CommerceAVENUE," explained Webbiz's Diane Bates Bates , Katherine Lee 1859-1929. American educator and writer best known for her poem "America the Beautiful," written in 1893 and revised in 1904 and 1911. , vice president of marketing and strategic messenger. "Consumer and business use of the Internet is growing by leaps and bounds, and people want the convenience of being able to shop online, find a plumber (programming, tool) Plumber - A system for obtaining information about memory leaks in Ada and C programs. http://home.earthlink.net/~owenomalley/plumber.html. , make restaurant reservations, locate a doctor taking new patients, or find a rare auto part. And they want to do this at one online location. CommerceAVENUE is definitely that one stop shopping spot," she added. CommerceAVENUE, unlike other online services or the online Yellow Pages, delivers information to consumers and businesses anywhere, anytime, via email, phone, fax, pager, cell phone, Palm Pilot, or other PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). . "This m-commerce ability is going to drive business to CommerceAVENUE and to the telephone company or Yellow Pages provider that partners with us," said Calmes. Just for Yellow Pages and phone service providers Developed uniquely for distribution to local phone service providers, CommerceAVENUE has been designed from its inception as an enhancement to existing Yellow Page revenue models. "CommerceAVENUE is the Yellow Pages providers' answer to slowing revenue growth. Our online marketplace not only brings in additional revenues, but also locks in existing advertisers and customers," said Calmes. Webbiz Corporation's goal is to market CommerceAVENUE to Yellow Pages publishers and telephone companies. With CommerceAVENUE, a phone company or Yellow Pages publisher would have an exclusive product that they would own and control in their markets. "Our management team has a history of building technology solutions for giants like Ford Motor Company, Chrysler, and the U.S. government. With CommerceAVENUE, we're building a product that the Yellow Pages providers and telephone companies would probably build themselves. But instead of their using their internal resources to create an online marketplace, we've done that for them," said Calmes. "What we're offering," said Calmes, "is not just another 'partnership' of some other venture-backed dotcom, but a way for them to maintain control over their customers and over their own destiny!" Webbiz Corporation Founded in December 1999, Webbiz Corporation is located right on CommerceAVENUE, 2405 Commerce Avenue, to be exact, in Duluth, Ga. An e-solutions incubator, Webbiz specializes in growing Internet concepts, ideas and projects. The company is a mix of business acumen acumen Astuteness, perception, perspicacity and Internet creativity, bringing together the experience garnered from running hundred million dollar companies with the imagination and talent behind Web-based projects for businesses such as UPS, BellSouth, the Weather Channel, Coca-Cola, Peachtree Software, Snap-On Tools and MGM MGM in full Metro-Goldwyn-Mayer, Inc. U.S. corporation and film studio. It was formed when the film distributor Marcus Loew, who bought Metro Pictures in 1920, merged it with the Goldwyn production company in 1924 and with Louis B. Mayer Pictures in 1925. . Principals for the company include Richard Calmes, president and catalyst; Sam Smail, vice president of finance and money man; and Diane N. Bates, vice president of marketing and strategic messenger. |
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