BulkMarkets.com To Launch WorldJuiceTrade.com at SIAL 2000 in Paris; Company Scales Award-Winning Technology into Second e-Marketplace.Business Editors CHICAGO--(BUSINESS WIRE)--Oct. 23, 2000 BulkMarkets.com (www.BulkMarkets.com), the online global market maker for specialty agricultural commodities sold in bulk, yesterday launched its second vertical exchange -- WorldJuiceTrade.com -- at SIAL 2000, the world's largest food products exhibition, in Paris. WorldJuiceTrade.com is the premier online sales and procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. system directly connecting bulk juice concentrate processors and packagers around the world. As a one-stop communication and information medium, WorldJuiceTrade.com (www.WorldJuiceTrade.com) features up-to-date information on the global and local markets, provides a 24-hour forum for real-time bids/offers, and offers shipping and logistics services through third-party providers. Award-winning technology facilitates product quality approval and categorizes listings 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. specification, which allows for more targeted searches and better matches between buyers and sellers. "The patent-pending technology behind our first e-marketplace -- WorldWineTrade.com -- was designed to scale easily into other specialty agricultural commodities," said Mike MacDougal Robert Meiklejohn MacDougal (born March 5, 1977 in Las Vegas, Nevada) is a relief pitcher in Major League Baseball who plays for the Chicago White Sox. He bats and throws right-handed. , 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 BulkMarkets.com. "It has been customized to meet the unique needs of buyers and sellers of juice concentrates, and we are hearing from the industry that it is the most useful system out there." To ensure a quality experience for all users, WorldJuiceTrade.com limits membership to leading processors, packagers and bottlers around the world who are actively engaged in the manufacture and consumption of bulk juice concentrates. WorldJuiceTrade.com charges no membership, subscription or listing fees. Members of WorldJuiceTrade.com deal directly with each other, saving both time and money, and only the seller pays a fee, which is much lower than traditional offline fees, once the transaction is completed. "Our strategic advantage is that we offer members significant efficiencies previously unavailable to the industry," said WorldJuiceTrade.com Director Christine Wiseman. "WorldJuiceTrade.com members have instant access to bulk juice concentrate market data, trading partners and value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. providers." With Wiseman's experience in juice concentrate procurement as the former buyer for Kraft Foods Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA. The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for , WorldJuiceTrade.com is uniquely positioned to meet the needs of the bulk juice concentrate trade. WorldJuiceTrade.com will have local representatives in processing and purchasing regions worldwide and currently has offices in Argentina and Chile. BulkMarkets.com's patent-pending technology recently won two awards for best e-business application at COMDEX/Spring 2000. In addition to wine and juice concentrate, BulkMarkets.com plans to scale the technology into other bulk specialty agricultural commodity markets including nuts, dried fruits, spices/herbs, and edible oils. BulkMarkets.com completed its first round of institutional funding in mid-March led by Bay City Capital's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Nutrition and Agribusiness agribusiness Agriculture operated by business; specifically, that part of a modern national economy devoted to the production, processing, and distribution of food and fibre products and byproducts. Fund, William Blair
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