Avnet Electronics Marketing Enlists GTMart to Develop Chinese-Language Web Site; Avnet EM First and Only Electronics Distributor On ChinaNet Site.PHOENIX--(BUSINESS WIRE)--Aug. 23, 1999-- Avnet Electronics Marketing (EM) today announced that it has signed an agreement with Global Techmart, Inc. (GTMart) under which GTMart will develop an Avnet EM Chinese-language Web site accessible to users within The People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China via GTMart's site on the ChinaNet home page. Avnet EM is currently the first and only electronic components distributor on GTMart's ChinaNet site. The government-owned ChinaNet (http://www.bta.net.cn) in Beijing is the largest Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) in China and the primary national network through which government, business and public users of the Web within China gain commercial access to the global Internet. ChinaNet is managed by the Beijing Telecommunications Administration under the auspices of the newly formed Ministry of Information Industries. ChinaNet's primary locations in Beijing, Shanghai and Guangzhou account for approximately 80 percent of all commercial users in China, while its approximate 200 other locations account for an additional 10 percent. Through a collaborative agreement with ChinaNet, GTMart operates a portal Web site (http://www.gtmart.com.cn) on ChinaNet dedicated to providing the Chinese engineering and manufacturing communities with value-added information and services related to technology products, eventuating in e-commerce activities. The GTMart site is dual-hosted in English and Chinese on servers in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , and Beijing, China. GTMart, in concert with its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , GTMart Guangzhou, Ltd., will initially provide Avnet EM with site development, hosting, translation, advertising and other support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . "China is rapidly becoming the fastest growing Internet market in the world, with more than 33 million Internet users Internet user n → internauta m/f Internet user Internet n → internaute m/f predicted by 2003," said Brian Hilton, president of Avnet Electronics Marketing EMEA/Asia/Japan. "Partnering with GTMart will provide us entry into this vast market, helping us to establish early brand name awareness and to enhance service to our customers in The People's Republic of China." "GTMart is proud that Avnet EM, a world-class distributor of electronic components, systems and services, has selected GTMart to accelerate its expansion plans in The People's Republic of China," said Ed Turney, vice chairman and chief executive officer of GTMart. About Global Techmart, Inc. Based in San Jose, California, GTMart is a comprehensive one-stop technology information warehouse and business development support center. It was created to provide experienced assistance and guidance to, as well as facilitate effective business relationships between, Western technology companies that intend to establish or expand their business relationships in The People's Republic of China, and to Chinese technology companies with similar objectives regarding foreign entities. In summary, GTMart is a technology portal company dedicated to rapidly developing its Web sites into two-way, e-commerce, business-to-business applications between China and the rest of the world. GTMart and its wholly owned Chinese subsidiary, GTMart Guangzhou, Ltd., provide Web design, hosting and maintenance, advertising, translation, technology database information, consulting and other e-services leading to e-commerce. For more information, visit the GTMart home page at www.gtmart.com. About Avnet Electronics Marketing Avnet Electronics Marketing, a global leader in value-added electronic components distribution, is an operating group of Avnet, Inc. (NYSE NYSE See: New York Stock Exchange :AVT AVT avian arginine vasotocin. See vasotocin. ). Avnet, Inc. is a Fortune 500 company with annual sales exceeding $6.3 billion. Avnet Electronics Marketing markets, inventories and adds value to semiconductors, interconnect, passive and electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). products, RF/microwave products and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and systems for industrial and military equipment customers worldwide. For more information, visit the Avnet, Inc. home page at www.avnet.com. |
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