Business-Supply.com Announces B-to-B e-Tailing Going Strong in Spite of Weak Economic Recovery.Business Editors/High-Tech Writers CARY, N.C.--(BUSINESS WIRE)--Jan. 2, 2003 Business-Supply.com announced the attainment of a major milestone in December, with the successful fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. of it's 30,000th eCommerce supply order through it's website, www.Business-Supply.com. Business-Supply.com, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of LoneSource, Inc., points to the achievement as evidence that Business-to-Business e-Procurement is going strong in some market segments, in spite of the economy's sluggish recovery. Business-Supply.com is the B-to-B e-Tail division of LoneSource, the fastest growing Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. Solutions Provider in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. through the platform found at www.LoneSource.com. "This is significant on two levels," commented Bradley King, President 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 LoneSource. "First, it validates the recent reports by industry analysts such as the Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. , Forrester and the Yankee Group (the Yankee Group, Boston, MA, www.yankeegroup.com) A major market research, analysis and consulting firm founded in 1970 by Howard Anderson. It provides general consulting and strategic planning in the computer and communications field. that businesses are increasingly relying on e-Procurement for their corporate consumables and supply needs. e-Procurement in corporate America is now mainstream, instead of the risky challenge that it was often perceived as just a few years ago. With technology solutions backed by top-notch service and support, businesses are now realizing tremendous cost and process benefits risk-free. "It also validates our e-Tail division, Business-Supply.com, as the most successful and respected B-to-B e-Tailer in the industry, which further illustrates the success of LoneSource as a key provider of e-Procurement solutions to fit the needs of every business from sole proprietors to corporate customers. We're thrilled that our commitment to high quality customer service and full featured procurement platforms have paid off." The 30,000th order is one of thousands submitted monthly by the diverse businesses that rely on www.Business-Supply.com for simple, efficient handling of their business supply needs. Additionally, there are more than four hundred corporate accounts with a combined $10B in annual revenues using the distinctive, leading-edge procurement system provided at www.LoneSource.com for corporate-wide purchasing platforms to consolidate vendors, streamline internal processes, and ensure corporate compliance. About LoneSource, Inc. LoneSource enables companies to focus on core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
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