B-2-B Infrastructure Company, Oco, Inc., Reports First Half Profitability for FY2000; Partner-Clients Sell Worldwide In 42 Countries.Business Editors SUDBURY, Mass.--(BUSINESS WIRE)--JULY 24, 2000 Surely unusual in today's hyperbolical 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 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 service sector, one company reports first half fiscal year 2000 profitability - Oco, Inc. (www.oco-inc.com). This brash brash (brash) heartburn. water brash heartburn with regurgitation of sour fluid or almost tasteless saliva into the mouth. business-to-business e-Commerce infrastructure company located in Sudbury, MA reported today its unique B2B e-Commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. model is proving valuable to its partner-clients and to Oco. None of Oco's competitors are profitable yet. Oco has set up a world-class data center and a new headquarters office just outside of Boston, MA in the US. It has opened offices in The Netherlands and Chile. And, it has hired a number of key managers - all with positive financial results. "The key to e-Commerce is the same as the key to commerce," said Oco, Inc. 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. and founder George O'Conor. "You must make sensible investments that improve customer service, market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" and reduce costs. You also must preserve the key assets of your company: your brand, your customer relationships, and your margins. "Our approach to helping companies do business on the Web is swift, strong and very cost-effective for our partners. It's really not so complicated, but it's what we do, and it's why we're a profitable e-Commerce organization and others are not," O'Conor said. Oco has incorporated two vertical market makers - ChemChain and Equip4Sport to serve its initial clients in the chemical distribution industry and in the sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport manufacturing industry. Several additional vertical market sites are pending. Oco is rapidly hiring key staff to manage the growing number of new partner projects. ChemChain is about to release a new version of its Web site with applications and services provided at the request of its partner companies, rather than just selling them fixed products. "It's an unusual business approach," O'Conor boasts. "We are truly creating long-term relationships on two levels. We're working closely with our partners and, in turn, helping them work more closely with their customers. We're not trying to get in the middle." Currently, Oco's participating companies offer more than 100,000 products to more than 50,000 customers on five continents. For more information about Oco, Inc., see www.oco-inc.com. Please direct telephone inquires to George O'Conor at (978) 443-1000. |
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