Buyingedge.com Membership Increases 250% in Five Weeks; Unprecedented Growth for Internet Shopping Site.SHELTON, CT--(BUSINESS WIRE)--September 15, 1999-- Buyingedge.com, (www.buyingedge.com), the Internet's largest reverse auction Website where the buyer rules, announced today it has, in the last 5 weeks, more than doubled its membership enrollment to more than 47,000 buyers. "We are encouraged by the thousands of people who have signed up for our service and now enjoy the shopping benefits of a reverse auction Web site", says buyingedge.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. Gary Martino. "Both buyers and merchants benefit at buyingedge.com: buyers get the best deal and merchants both online and off get more customers to buy their products." Since buyingedge.com opened its site to the public in July, the reverse auction Web site has steadily increased membership. In August, buyingedge.com had 18,000 registered members, in September that number had more than doubled to 47,000 members. Buyingedge.com works for both buyers and merchants. For buyers, buyingedge.com eliminates much of the time and confusion people often experience using traditional Internet shopping models. For businesses, buyingedge.com levels the playing field that e-tailers (merchants on the Web) and retailers (merchants that aren't on the Web) compete upon. "Market analysts project that consumer Internet sales are expected to grow fivefold fivefold Adjective 1. having five times as many or as much 2. composed of five parts Adverb by five times as many or as much Adj. 1. in the next few years", says Gary Martino. "Buyingedge.com is positioned to take advantage of this explosive growth and be the market leader in the reverse auction Web site category." How It Works Buyingedge.com offers consumers a better way to shop on the Web; at buyingedge.com, buyers are in control. They can easily and efficiently submit purchase requests and have them automatically distributed to the many merchants who sell the requested product. Merchants receive purchase requests and respond to those requests using their buyingedge.com account. Buyingedge.com enables consumers to consult with merchants, get the best deal, and conclude the purchase at their discretion. In addition, the system provides the tools that help both buyers and merchants track, organize and analyze buyer requests and merchant responses. The result is a positive and effective experience for both buyers and merchants. Buyers can get the best deals possible and merchants, both on- and off-line, can increase their business. About buyingedge.com Buyingedge.com (www.buyingedge.com), the Internet's largest reverse auction Web site where the buyer rules, was founded in June of 1999. The site brings more than 47,000 buying members and 4,000 vendors together for the dynamic and negotiable sale of brand name consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and . Buyingedge.com was formed and then successfully spun-off as a separate business entity by Information Management Associates, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : IMAA IMAA International Miniature Aircraft Association IMAA Instructional Materials Accessibility Act IMAA Internationalizing Mail Addresses in Applications (e-mail, web standards, i18n) ), a leading provider of enterprise software. Current investors include IMA (Interactive Multimedia Association, Annapolis, MD) An earlier trade association founded in 1988 originally as the Interactive Video Industry Association. It provided an open process for adopting existing technologies and was involved in subjects such as networked services, scripting , @Ventures, Inc. (the affiliated venture capital arm of CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) ), Wand Partners, Inc., Amicus Capital, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and Madrona Investment Group, LLC. Buyingedge.com has offices in Shelton, Connecticut and Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. . For more information, go to http://www.buyingedge.com, e-mail info@buyingedge.com or call 1-877-889-8900. |
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