BizBuyer Adds Premium Service to RFQ Purchasing Solution for Businesses.Business Editors/High-Tech Writers SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif.--(BUSINESS WIRE)--Oct. 2, 2000 Expert Sourcing Consultants Alleviate the Burden of Purchasing Business Products And Services For Growing Companies BizBuyer, Inc. (http://www.bizbuyer.com), the leading online business-to-business, request-for-quote (RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) ) sourcing solution for growing businesses, today announced the addition of Premium Service to its existing self-service marketplace. This subscription-based service enables businesses to leverage BizBuyer's in-house sourcing consultants to assist in the management of their procurement projects -- from initial assessment and specifications to vendor qualification and selection. BizBuyer's Premium Service is designed to save growing companies valuable time, money and resources normally allocated to managing on-going procurement projects that are critical to operating any business. By alleviating clients from the time-consuming process of sourcing products and services, businesses are left to focus their resources on developing their core business strategies. Through BizBuyer's pool of pre-qualified vendors, in-house sourcing consultants are able to provide their customers with quality products and services throughout more than 34 categories that range from Web design, Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. , Internet access See how to access the Internet. and e-commerce consulting to IT consulting, employee benefits, phone systems, computers and office furniture. "By using BizBuyer's Premium Service, we were able to concentrate on running the business, rather than dedicating valuable resources to finding a phone system, computers and Internet access," said Stefano Caccia, director of business development and operations of Ottavia.com. "Their sourcing consultant assisted us in finding and qualifying vendors that supplied us with quality products and services at competitive prices within our budget. We saved a lot of time using BizBuyer that otherwise would have taken weeks away from building the business." Each Premium Service client is assigned a dedicated sourcing consultant who will manage and guide the company through the entire sourcing process. Once the clients' projects have been identified, the sourcing consultant will work to find and select the best vendors for each project among BizBuyer's pre-qualified vendors. BizBuyer will prepare all request-for-quote documents and review all incoming proposals from each vendor. Customers will then be presented with a list of recommended vendors and all the information needed to finalize the purchasing decision. "Our Premium Service is what rapidly growing businesses have been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ," said Bernard Louvat, chairman, founder and 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 BizBuyer. "I've experienced the time consuming process of purchasing for a business first hand, and I can say that it is a tremendous drain on your resources and energy that is better allocated to running the core business. Our in-house consultants know their areas and will give companies peace of mind knowing they are getting quality products and services at competitive prices from highly qualified vendors." Annual subscription fees for the service are priced according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the size of the company, and to the complexity and number of projects. To back up its Premium Service, BizBuyer has a 90-day guarantee, in addition to an existing satisfaction guarantee program that reimburses the customer if the vendor does not perform the duties specified in the original request-for-quote. Businesses can learn more about BizBuyer's Premium Service by calling 877/714-4474 or by visiting www.bizbuyer.com. The BizBuyer Model BizBuyer provides businesses with the tools and technology to efficiently source a wide range of business product and services from a network of highly qualified vendors. In addition to the premium service, BizBuyer's self-service marketplace enables rapidly growing businesses to locate pre-qualified vendors, compare customized quotes and make informed purchasing decisions much more effectively, saving valuable time and money. For vendors, BizBuyer provides highly qualified sales leads, reduced customer acquisition costs and an additional way to expand their sales territory. About BizBuyer, Inc. Headquartered in Santa Monica, California For other uses, see Santa Monica (disambiguation). Santa Monica is a coastal city in western Los Angeles County, California, USA. Situated on Santa Monica Bay of the Pacific Ocean, it is surrounded by the City of Los Angeles — Pacific Palisades and Brentwood on the north, , with offices in London, England, BizBuyer is the leading online competitive sourcing solution for rapidly growing businesses. The company provides a request-for-quote service that enable businesses to purchase a wide-range of business products and services through competitive quotes from highly qualified suppliers. BizBuyer currently has more than 67,000 registered members and 34 product and service categories. Vertical market categories range from business consulting and IT consulting to Internet access, Web design and Web hosting. Since the Fall of 1998, BizBuyer.com has raised over $65 million in funding from leading venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. and strategic partners that include Staples.com, Times Mirror Chandler Trust Ventures, CMGI's @Ventures, Redpoint Ventures, eCompanies Venture Group, Morgan Stanley
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