BAT International Partner EBTGlobal.com Files E-Commerce Patents with Bowne Internet Solutions.Business Editors SAN DIEGO--(BUSINESS WIRE)--Jan. 6, 2000 BAT International (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BAAT BAAT British Association of Art Therapists ) announced today that it's e-commerce partner, EBTGlobal.com (EBTG EBTG Everything But The Girl (British band) ) and Bowne Internet Solutions have together filed e-commerce architecture and business model patents. BAT International acquired a nine percent share in EBTGlobal.com (see press release dated Dec. 17, 1999) in consideration for business startup financing and management. The text of the EBTGlobal.com press release follows: EBTGlobal.com and Bowne Internet Solutions File Joint E-Commerce Patents San Diego, Calif., January 6, 2000 - EBTGlobal.com (EBTG) announced today that EBTG and Bowne Internet Solutions have jointly filed Internet e-commerce architecture and business model patents for EBTGlobal.com's new high-availability electronic barter-trade system. EBTG has been working with a team of e-commerce architects and system engineers from Bowne Internet Solutions in Seattle, Washington to design and prototype EBTG's proprietary bHubs(SM) e-commerce transaction exchange servers which are a major component of the company's Direct Barter Exchange System(SM). Bowne Internet Solutions, (www.bowneinternet.com), is an end-to-end e-commerce consulting and development company that serves clients throughout the financial services industry - as well as technology companies and other large enterprises that require secure information, efficient business processes, and dedicated customer service. The company's strategic technology alliances include Allaire, Apple Computer, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Microsoft, Netscape, and Oracle among others and its customers include Bankers Trust, Blue Cross of Atlantic Canada, Deutsche Bank, Fleet Bank, Hewlett-Packard Singapore (Pte) Ltd, Microsoft, Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index , and Weyerhauser. The company is a business unit of Bowne & Co., Inc. (NYSE NYSE See: New York Stock Exchange : BNE BNE Biblioteca Nacional de España (National Library of Spain) BNE Board of Nurse Examiners BNE Buffalo Niagara Enterprise (economic development organization; New York) BNE Branch If Not Equal ) at www.bowne.com, the world's largest financial documents printer and a leader in the field of Information Empowerment. Bowne & Co. was founded in 1776 by Alexander Hamilton who also served as the company's first president. EBTG and Bowne Information Systems jointly filed for the Internet e-commerce architecture and business model patents and ownership will eventually reside with EBTG. The patents cover both the uniqueness of the bHubs(SM) e-commerce architecture and the innovative Direct Barter Exchange System(SM) business model that manages global customer relations and services. The Direct Barter Exchange System(SM) will standardize trading transactions and provide real-time customer management and billing services in order to meet the rapidly growing business-to-business (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 ) and business-to-consumer (B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. ) demand for international direct exchange of 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. . (see press release dated 12/17/99) The centerpiece of EBTG's Direct Barter Exchange System(SM) is its proprietary global E-Commerce Barter-Trading Hubs or bHubs(SM) technology that will allow trading partners to easily and rapidly initiate and manage barter transactions both within and between nations. Barter trade, which is the exchange of goods and services with an alternative form of currency, is a $16 billion dollar industry in North America and a $64 billion dollar industry worldwide. Researchers estimate that the e-commerce segment of the global barter trade industry will grow from $400 million dollars in 1998 to $12 billion dollars by the end of 2002. EBTG expects to capture a substantial portion of this emerging global market. EBTG selected Bowne Internet Solutions as its strategic Internet e-commerce development partner because Bowne Internet Solutions is capable of designing and developing complex e-commerce systems on a global scale. The companies began specifying marketing requirements for the Direct Barter Exchange System(SM) business model in the summer of 1999 and began the engineering design of the bHubs(SM) e-commerce transaction exchange servers in the fall of 1999. The joint development project has now entered the rapid prototyping phase that will enable EBTG and Bowne Internet Solutions to demonstrate the bHubs(SM) architecture and Direct Barter Exchange(SM) business model in the near future. Initial launch of EBTGlobal.com is expected in the second quarter of 2000 with globalization and localization Customizing software and documentation for a particular country. It includes the translation of menus and messages into the native spoken language as well as changes in the user interface to accommodate different alphabets and culture. See internationalization and l10n. of EBTG satellite exchange servers expected in the third quarter of 2000. EBTGlobal is a privately held Corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation . Persons interested in obtaining additional information about the company should call Investor Relations at 619-235-5501 or send an email inquiry to investors@EBTGlobal.com. Persons interesting in using EBTGlobal.com trading services should call Customer Service at 619-235-5502 or send an email inquiry to services@EBTGlobal.com. Additional information about EBTGlobal.com is also available from the company web site at www.EBTGlobal.com. |
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