BuildNet To Provide On-Line Building Permits Through NetClerk.Business Editors/High Tech Writers RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--Oct. 3, 2000 Alliance To Link Web-Based Building Permit Process to BuildNet Communities BuildNet, Inc., a leading provider of management software and 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. services to homebuilders, dealers, and suppliers in the residential construction industry, announced that it has signed an agreement with NetClerk, Inc. ( http://www.netclerk.com ), a leading Web-based permit submission service for the building industry. The alliance should provide BuildNet users with an integrated link from BuildNet's website ( http://www.buildnet.com ) to NetClerk's online permit procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. service called PermitCentral. NetClerk's PermitCentral gives BuildNet's user communities a central online system to access, complete and submit local building permit applications. NetClerk's website allows building professionals to handle much of their permit paperwork from their own offices, 24 hours a day, seven days a week. NetClerk is available in more than 900 cities and municipalities across the nation through the NetClerk-City-Network. BuildNet intends to provide secure Internet-based procurement, e-commerce, and information services See Information Systems. for homebuilders, dealers, suppliers, and manufacturers in the residential construction industry. BuildNet's Internet-based system allows users to confirm pricing and product specifications, place purchase orders, and add both product and order information automatically to their trading partners' management systems. "The alliance should provide BuildNet users with a simple method to manage the building permit procurement process," explains NetClerk 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. Jeff Kraatz. "NetClerk's PermitCentral should save time and money, and streamline the permit process by eliminating the need to make a physical trip to the local building department." "Providing the BuildNet community integrated links to services that increase efficiency and strengthen business practices is an important aspect of BuildNet's value proposition to the homebuilding industry," said BuildNet CEO Nathan Morton Morton, village (1990 pop. 13,799), Tazewell co., central Ill., in a grain-farming and livestock area; inc. 1877. Food is canned, and tractor parts, washing machines, and pottery are manufactured. . "By leveraging NetClerk's PermitCentral, our users should be able to complete and submit building permit applications over the Internet." About NetClerk South San Francisco South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. , Calif.-based, NetClerk, Inc. is a leading provider of e-solutions to the contracting industry. Bridging the gap between contractors and government, NetClerk uses proprietary technology to guide its customers through permit requisition A written demand; a formal request or requirement. The formal demand by one government upon another, or by the governor of one state upon the governor of another state, of the surrender of a fugitive from justice. The taking or seizure of property by government. , completion, submission, payment and archiving. Founded in 1999, NetClerk is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , with venture funding from Granite Ventures Granite Ventures is a private venture capital firm with offices in San Francisco California. It has backed such companies as Tumbleweed Communications, Plumtree Software, Sendmail, and Westbridge Technology. , Adobe adobe (ədō`bē): see rammed earth. adobe Handmade sun-dried bricks formed from a mixture of heavy clay and straw found in arid regions. Ventures, Integral Capital Partners, Wheatley Ventures and Osprey osprey (ŏs`prē), common name for a bird of prey related to the hawk and the New World vulture and found near water in most parts of the world. Ventures. For more information visit http://www.netclerk.com . About BuildNet, Inc. BuildNet, Inc., located in Research Triangle Park, N.C., is a leading provider of management software and e-commerce services to homebuilders, dealers, and suppliers in the residential construction industry. BuildNet's objective is to be the business-to-business e-commerce solution for the residential construction industry. To reach that objective, BuildNet has designed the BuildNet E-Building Exchange to provide secure Internet-based procurement, e-commerce and information services for homebuilders, dealers, suppliers and manufacturers. The BuildNet E-Building Exchange will allow users to confirm pricing and product specifications, place purchase orders and add both product and order information automatically to builders', dealers', and suppliers' management systems. In addition, manufacturers will be able to place product information and catalogs on the BuildNet E-Building Exchange for access by homebuilders, dealers, and suppliers. BuildNet is testing the BuildNet E-Building Exchange and expects to initiate a limited market rollout in 2000. BuildNet's aggregated software customer base includes homebuilders that accounted for approximately 43% of 1999 U.S. single-family home closings. Learn more about BuildNet by visiting http://www.buildnet.com . This press release contains 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. . The actual results might differ materially from those projected in the forward-looking statements for various reasons, including BuildNet's limited Internet operating history, the development and rollout of the BuildNet E-Building Exchange and the acceptance of the BuildNet E-Building Exchange by any of BuildNet's existing software customers or any new customers. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in BuildNet's SEC filings, including its Registration Statement on Form S-1. All other trademarks referenced herein are trademarks and/or registered trademarks of their respective owners. |
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