BOC Edwards Launches New Online Marketplace With FairMarket B2B Platform.Business Editors/High-Tech Writers WOBURN, Mass.--(BUSINESS WIRE)--Oct. 29, 2002 Commerce Site Creates New Opportunities for Customers to Purchase Semiconductor and Vacuum Process-Equipment at Lower Costs FairMarket Inc. (Nasdaq: FAIM FAIM Fellow of the Australian Institute of Management FAIM Foundation for the Advancement of Innovative Medicine ), a leading provider of e-business selling and marketing solutions incorporating dynamic pricing, today announced that BOC (Bell Operating Company) One of 22 companies that was formerly part of AT&T and later organized into seven regional companies. See RBOC. Edwards has launched a 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 inventory-clearance commerce site using the FairMarket platform. BOC Edwards provides electronic materials, equipment and a broad range of services for semiconductor processing and industrial vacuum markets. The company contracted FairMarket to create and host a commerce site (http://clearance.bocedwards.com) where customers can purchase remanufactured and clearance equipment. BOC Edwards offers products at the site through online auctions and fixed-price listings. "FairMarket's technology is a valuable resource for our customers, and it gives BOC Edwards an alternative method of selling remanufactured pumps and other process equipment," said Garrett Rent, 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. Marketing Specialist of BOC Edwards. "This gives our sales staff more time to focus on new product opportunities." FairMarket's B2B commerce platform provides solutions that help companies automate To turn a set of manual steps into an operation that goes by itself. See automation. the process of selling their inventory to wholesale and consumer buyers. FairMarket offers the technology and the expertise to help manufacturers maximize yield on clearance, excess and off-lease inventory, and to also realize process efficiencies. "Our technology creates new marketplaces where companies like BOC Edwards can leverage their existing customers as a channel for efficiently selling clearance products," said Mark Sutton Sutton, outer borough (1991 pop. 164,300) of Greater London, SE England. It is mainly residential, but plastics, chemicals, radio components, and paper goods are produced. The areas of Sutton were mentioned in the Domesday Book. , Director of Marketing & Business Development for FairMarket. "It's a win-win situation, as it allows manufacturers to recover their costs on inventory and their customers to get great deals on quality products." About FairMarket, Inc. FairMarket provides private-label, Internet-based marketing and commerce solutions that incorporate dynamic pricing. FairMarket's customers include Dell, CompUSA and SAM'S CLUB Sam's Club is a membership-only warehouse club owned and operated by Wal-Mart Stores, Inc. History The first Sam's Club opened in April 1983 in Midwest City, Oklahoma in the United States.[1] Sam's Club is named after Sam Walton. . Headquartered in Woburn, Mass., FairMarket also has offices in the U.K. The company can be reached at 800-531-7871 or on the Web at www.fairmarket.com. About BOC Edwards BOC Edwards, a BOC Group line of business, is a leading supplier of vacuum and pressure technology for the industrial, scientific and process industries as well as gas, chemical and vacuum solutions A vacuum solution is a solution of a field equation in which the sources of the field are taken to be identically zero. For example, in Maxwell's theory of electromagnetism, a vacuum solution would represent the electromagnetic field in a region of space where there are no to the semiconductor industry. The BOC Group is one of the most global of the world's gas companies. It employs 43,000 people, operates in over 50 countries, serves some 2 million customers and achieved sales of nearly US$6 billion in the fiscal year ending 30 Sept 01. Information on the BOC Group can be accessed by visiting the Group web site, www.boc.com. Specific information on BOC Edwards can be accessed directly on www.bocedwards.com. FairMarket is a registered service mark, and the FairMarket logo and MarketSelect are service marks, of FairMarket, Inc. The names of actual companies and products mentioned herein may be trademarks of their respective owners. This press release contains information about future expectations, plans and prospects of FairMarket, Inc. that constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including but not limited to market acceptance of FairMarket's online auction and other e-commerce services; growth of the market for dynamic e-commerce services; the competitive nature of the online markets in which FairMarket operates; economic conditions; FairMarket's ability to generate significant revenue to reach profitability; FairMarket's ability to retain existing customers and to obtain new customers; FairMarket's ability to attract and retain qualified personnel; FairMarket's ability to expand or maintain its operations in its geographic markets and the currency, regulatory and other risks associated with doing business in international markets; the operation and capacity of FairMarket's network system infrastructure; FairMarket's limited operating history; and the other risks and uncertainties discussed under the heading "Factors that May Affect Results of Operations and Financial Condition" in FairMarket's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2001 and other reports filed by FairMarket from time to time with the Securities and Exchange Commission. FairMarket assumes no obligation to update any of the information included in this press release. |
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