BATNET1 Honored with New Jersey Technology Council's 1999 Early Stage Company of the Year Award.TINTON FALLS, N.J.--(BUSINESS WIRE)-- Sept. 16, 1999- Recognition for Company's Technology Leadership and Positive Impact on the Industry and State Leading Internet affinity marketer, BATNET1 (Business and Trade Network), today announced it has been awarded the fourth Annual New Jersey Technology Award for Early Stage Company of the Year. The award honors companies with less than $1 million in revenue that have significantly impacted the industry and the state of New Jersey through product innovation and sales potential. BATNET1 provides a turnkey See turnkey system. solution to affinity groups A special interest group. This is a marketing term for a group of people with similar interests. that want to incorporate online shopping into their member Web sites and earn incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. revenue on merchandise sales without devoting the time, money and resources necessary to run it themselves. To date, the company has partnered with more than 85 merchants to create customized marketplaces on 36 affinity group Web sites, providing members with merchandise offers tailored to their needs and interests. BATNET1 and the affinity groups split commissions on sales generated, while merchants benefit from the opportunity to reach potential new customers. "We're delighted to receive this prestigious award and contribute to the growth of the technology industry in New Jersey," said Chris Swenson, 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 BATNET1. "There are many exceptional New Jersey-based companies making significant contributions to their respective industries. We're just an example of a company that's worked hard to take advantage of New Jersey's resources to develop market breadth market breadth See breadth of market. and success." "The company selected for the Early Stage Company of the Year Award has established itself as a leader through innovation and execution," said Maxine Ballen, president of the New Jersey Technology Counsel. "It is forging new ground in its industry's competitive marketplace and is setting the pace for others." The fourth Annual NJTC NJTC New Jersey Technology Council NJTC New Jersey Trails Conservancy Award Gala, scheduled for Friday, November 5th, 1999 at Ellis Island Ellis Island, island, c.27 acres (10.9 hectares), in Upper New York Bay, SW of Manhattan island. Government-controlled since 1808, it was long the site of an arsenal and a fort, but most famously served (1892–1954) as the chief immigration station of the United , honors, celebrates and publicizes New Jersey's top technology companies that have achieved business success. Award categories include individual industries, business functions, stages of development and entrepreneurial support. Past Early Stage Company of the Year winners include Orchid Biocomputer, Inc., VOXEM, Inc. and Voxware, Inc. About BATNET1 Founded in 1995, BATNET1 (Business & Trade Network) is the leading Internet affinity marketing company. BATNET1 partners with well-known membership groups and leading Internet merchants to create customized, private-label online marketplaces featuring special offers that are tailored specifically for group members. Based in Tinton Falls, New Jersey Tinton Falls is a Borough in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the borough population was 15,053. The borough was formed as New Shrewsbury and privately held, the company has exclusive agreements to provide 36 marketplaces to groups serving more than 80 million members. Investors in the company include Keystone key·stone n. 1. Architecture The central wedge-shaped stone of an arch that locks its parts together. Also called headstone. 2. The central supporting element of a whole. Venture Capital and Draper-Richards. More information on the company can be found on its Web site located at http://www.batnet1.com. |
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