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Bentley Unveils International E-commerce Industrial Plan.


Business Editors and High-Tech Writers

MARINA DEL REY Del Rey may refer to:
  • Del Rey, California, a census-designated place in Fresno County, California
  • Del Rey, Los Angeles, California, a small district in the west side of Los Angeles
  • Del Rey (band), an indie rock band
, Calif.--(BUSINESS WIRE)--January 18, 2000

Bentley Communications Corp. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB:BTLY) announced its intent to create an international business-to-business and wholesale sourcing network. Bentley is scheduled to unveil buynetonline.com (http://www.buynetonline.com) later this month, which will be a "Hybrid Gateway". Using buynetonline.com as its flagship site, there will be a subset of company catalog, product and commodity listings by continent, targeting the industrial and wholesale buyer. To this end, BTLY has secured the rights to the URL URL
 in full Uniform Resource Locator

Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program.
 web names buynetasia.com, buyneteurope.com, buynetsa.com, buynetafrica.com, and buynetbeijing.com.

Under this second phase of the Bentley Communications Corp. fiscal 2000 development plan, companies will be able to offer specific products, product lines or raw materials as well as closeouts or discontinued items, either in a catalog or in an auction-type environment. One side effect of the sales and auction arenas at buynetonline.com will be to create an ad-hoc goods and commodities exchange, where layers of middlemen will be eliminated. In some cases, BTLY will charge a "facilitation Facilitation

The process of providing a market for a security. Normally, this refers to bids and offers made for large blocks of securities, such as those traded by institutions.
" fee for bringing the business-to-business buyer and seller together and coordinating the transactions based on a percentage of the total transaction. Bentley will become, in many cases, the "Manufacturer's Representative" for companies, but this will cost the producer/manufacturer much less. Multilingual representatives via Internet Telephone, with or without cameras, or by conventional telephone, E-mail and fax, will handle customer service.

Small countries and emerging companies will be drawn into an arena to which they would otherwise not have access, and will participate in a virtual, 24-hour a day World Trade Center or Trade Show for easy sourcing of products and raw materials.

"This is a significant step forward in the globalization globalization

Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation
 of the world economy where the only boundaries and horizons are in the mind of the individual," said Eric Bauchman, Vice-President/COO of Bentley Communications Corp., who designed the strategic plan.

Additional information will be available through the company's upcoming web site or by calling the company.

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.
 for 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.
: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , imprecision im·pre·cise  
adj.
Not precise.



impre·cisely adv.
 in estimating product reserves and the company's ability to replace and expand its holdings.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 18, 2000
Words:443
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