BulkMarkets.com Transaction Volume Exceeds Projections; Company's WorldWineTrade.com Among the Few B2B Exchanges To Achieve Liquidity.Business Editors, High-Tech Writers CHICAGO--(BUSINESS WIRE)--Oct. 12, 2000 BulkMarkets.com (www.BulkMarkets.com), the online global market maker for specialty agricultural commodities sold in bulk, announced today that more than 1 million liters of bulk wine have been bought and sold in the last four months on its first e-marketplace -- WorldWineTrade.com. The better-than-expected transaction volume on WorldWineTrade.com (www.WorldWineTrade.com) is due in part to a membership of leading industry players from 18 countries around the globe and more than 41 million liters of bulk wine listed online. Members in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , and Europe have successfully used WorldWineTrade.com to sell wine to bottlers in Europe, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and Scandinavia. In one instance, a well-known California winery used WorldWineTrade.com to purchase hundreds of thousands of liters of Sauvignon Blanc from three different Chilean producers, resulting in savings of 10-15 percent on wine and shipping costs compared to traditional offline purchasing methods. "The early success of WorldWineTrade.com proves that specialty bulk commodities industries are ready for B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. ," said BulkMarkets.com 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. 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. . "Bulk wine buyers and sellers appreciate the cost and time savings provided by WorldWineTrade.com, and BulkMarkets.com will soon meet the demands of the juice concentrate industry with the upcoming launch of our next vertical, WorldJuiceTrade.com (www.WorldJuiceTrade.com)." As one of the few 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 exchange models actually completing transactions online, BulkMarkets.com is generating revenues by providing industry-specific channels where producers and packagers execute their entire transaction online aided by real-time market data and news about pricing, volume, and product availability. "Companies eager to streamline business practices look for one place to fit all their needs. With online content available prior to transactions as well as shipping and logistical services offered upon completion, BulkMarkets.com's e-marketplaces are the one-stop solution," said MacDougal. In addition to wine and juice concentrates, BulkMarkets.com is poised to scale its patent-pending technology into other specialty agricultural bulk commodity markets including nuts, dried fruits, spices/herbs, and edible oils. BulkMarkets.com's award-winning technology classifies product listings based on numerous specifications, permits online negotiations between multiple parties, and even facilitates product sampling. BulkMarkets.com completed its first round of institutional funding in mid-March with investments from 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 Fund, William Blair
For more information: Kathleen Cantillon, 312.224.4428, kcantillon@bulkmarkets.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion