CP Group Chooses Commerce One to Power Asia Freewill for Thailand E-Marketplace.Business Editors/High-Tech Writers HONG KONG--(BUSINESS WIRE)--Nov. 29, 2000 At the eLink Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. conference today, Commerce One, Inc. (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ) announced they will provide an e-marketplace solution for Asia Freewill free·will adj. Done of one's own accord; voluntary. Adj. 1. freewill - done of your own accord; "a freewill offering" , a flagship company for e-business initiatives recently launched by the Charoen Pokphand The Charoen Pokphand Group is the largest business conglomerate in Thailand. Its chief subsidiary is Charoen Pokphand Foods, which did 116.5 billion baht in revenue in 2005, earning a profit of 6.747 billion baht. Group (CP Group), one of Asia's most prominent business conglomerates. Asia Freewill is working to deliver a leading 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 e-marketplace for Thailand and Asia and joins the Global Trading Web(TM), the world's largest business-to-business (B2B) trading community. "This is a great opportunity for CP Group to develop our technology and services. It is an honor to have this partnership with Commerce One -- one of the world's leading B2B solutions provider," said Mr. Dhanin Chearavenont, chairman 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 CP Group. "We are confident this synergy with Commerce One will assist Asia Freewill in its goal to be one of Asia's leading players in global e-commerce." The open e-marketplace is expected to link buyers and sellers of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. across all industries and countries in the Asia region by using Commerce One e-marketplace and e-procurement applications. Asia Freewill aims to assist Thai enterprises to become more competitive regionally and globally, enabling them to find new trading partners and develop stronger relationships with partners, suppliers and customers. "We believe this effort with Asia Freewill will bring great opportunities to businesses across Thailand and Asia," said Mark Hoffman, chairman and CEO of Commerce One. "Bringing e-commerce opportunities to this region is a key initiative in our effort to drive the world's business commerce onto the Worldwide Web." "We founded Asia Freewill Co., Ltd. in April 2000 to initially identify e-business opportunities within the CP Group," said Mr. Norachet Sangruji, Asia Freewill chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "Our goal is to combine all the CP Group business networks and infrastructures, its financial muscle and commitment, to create a practical e-business concept and execute an excellent e-business platform to service all Thai companies This is a list of major companies based in Thailand. Please note that the list is incomplete and does not have thousands of companies of different sizes. Links should only point to the Wikipedia article, and not to a webpage URL. for the new economy." About Commerce One Commerce One (Nasdaq:CMRC) is the leader in global e-commerce solutions for business. Through its products and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, anytime, anywhere. The Commerce One Global Trading Web(TM) is the world's largest business-to-business trading community. Comprised of many open e-marketplaces, the Global Trading Web provides unprecedented economies of scale for buying organizations, suppliers, and service providers worldwide. Through its alliance with SAP AG (company) SAP AG - (Systeme, Anwendungen, Produkte in der Datenverarbeitung - German for "Systems, Applications and Products in Data Processing") A company from Germany that sells the leading suite of client-server business software. The US branch is called SAP America. and SAPMarkets, Commerce One enables enterprises and communities of all sizes and industries to more efficiently conduct collaborative business on the Internet. Commerce One can be reached by phone at its Pleasanton, Calif. headquarters at (800) 308-3838 or (925) 520-6000; or in Europe at +44 1753 483000; or in Asia at +852 2251 1939; or via the Internet at www.commerceone.com. Forward Looking Statements The foregoing paragraphs include 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. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements concerning Asia Freewill's plans to assist Thai businesses become more competitive regionally and globally, Asia Freewill's plan to become a leading e-commerce player in Asia through its alliance with Commerce One, the powering of the Asia Freewill e-marketplace by Commerce One and the capabilities and expected benefits of the e-marketplace solutions provided. These statements are subject to risks and uncertainties. Actual results may differ materially from those described in such statements as a result of a number of factors. These factors include, but are not limited to: the cooperation of the parties, unexpected operational difficulties, the extent of user adoption and utilization of the e-marketplace, the ability of Commerce One to successfully implement its expansion plans, risks related to the Internet, general economic conditions, actual efficiencies and economies of scale may not be as pronounced as those anticipated by the parties, and intense and increasing competition in the market. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999 and its quarterly report on Form 10Q for the quarter ended September 30, 2000. Commerce One, Many Markets. One Source. Global Trading Web, BuySite, MarketSite, Global Trading Platform, Common Business Library, XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. Development Kit, XML Commerce Connector, MarketSite Builder, and SupplyOrder are either trademarks or registered trademarks of Commerce One, Inc. Enterprise Buyer and MarketSet are trademarks of Commerce One, Inc., SAP AG, and SAPMarkets. All other company, product, and brand names are trademarks of their respective owners. |
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