Celotex To Be Preferred Member of BuildNet E-Building Exchange.Business/Technology Editors RESEARCH TRIANGLE PARK Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C.--(BUSINESS WIRE)--March 27, 2000 BuildNet, Inc., a leading provider of management software to homebuilders and suppliers in the residential construction industry, announced today that Celotex Corporation, a manufacturer of gypsum gypsum (jĭp`səm), mineral composed of calcium sulfate (calcium, sulfur, and oxygen) with two molecules of water, CaSO4·2H2O. It is the most common sulfate mineral, occurring in many places in a variety of forms. wallboard, residential roofing and rigid foam insulation insulation (ĭn'səlā`shən, ĭn'sy  –), use of materials or devices to inhibit or prevent the conduction of heat or of electricity. products, has
become the first manufacturer in BuildNet's "Preferred
Member" alliance. Through the agreement, Celotex will be able to
offer its product catalogs on the BuildNet E-Building Exchange and to
use tools provided by BuildNet to build and manage catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. data,
including photographs of products, product codes and SKU (StockKeeping Unit) The number of one specific product available for sale. If a hardware device or software package comes in different versions, there is an SKU for each one. SKU - stock-keeping unit numbers, descriptive text, warranty policies and installation and maintenance instructions. Celotex also will be able to provide private and secure pricing information unique to individual suppliers and homebuilders. Celotex will be a category sponsor in three product categories, including residential roofing shingles shingles: see herpes zoster. shingles or herpes zoster Acute viral skin and nerve infection. Groups of small blisters appear along certain nerve segments, most often on the back, sometimes after a dull ache at the site; pain becomes , gypsum wallboard and residential foam board Foam board is a type of display board made primarily with foam. It generally consists of a foam core in between two sheets of thin, rigid paper; and is characterized by its light weight, and the ease with which it is scored. insulation. BuildNet's Internet-based system is scheduled for commercial introduction in the second half of 2000. Through this system, BuildNet plans to enable homebuilders to access product and price information from multiple suppliers. The BuildNet E-Building Exchange also should enable participating builders to control the ordering and delivery of building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . , thereby improving construction planning. BuildNet also plans to enable suppliers to track inventory delivery and payments and manufacturers to update product information and introduce new products efficiently. "We're proud Celotex has signed on as our inaugural `Preferred Member' in the BuildNet E-Building Exchange," said John Stock, BuildNet senior vice president. "Our partnership should benefit Celotex by allowing BuildNet's allied users, including builders and suppliers, to use the Internet to view and, eventually, integrate into their back office systems Celotex's very latest product offerings, and thereby enhance the homebuilding decision-making process by providing real-time information to all involved." "We are pleased to enter into this partnership with Buildnet. The system should enable participating builders and contractors to quickly gain product information, confirm pricing, place orders and have information added automatically to established project management systems," said John Borreca, 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 Celotex. "It should help in reducing costly errors that sometimes happen during the normal business process." About Celotex Celotex Corporation, headquartered in Tampa, Fla., is a national manufacturer of residential and commercial building materials. Celotex operates 22 manufacturing facilities and 10 sales offices throughout 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. . A dedicated field sales organization serves national and international markets. Celotex has more than 2,500 employees. For more information, visit www.celotex.com or call (800)-CELOTEX. About BuildNet BuildNet, Inc., located in Research Triangle Park, N.C., is a leading provider of management software to homebuilders and suppliers in the residential construction industry. BuildNet's objective is to be the business-to-business e-commerce solution for the residential construction industry. To reach that objective, BuildNet has designed the BuildNet E-Building Exchange to provide secure Internet-based procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , e-commerce and information services See Information Systems. for homebuilders, suppliers and manufacturers. The BuildNet E-Building Exchange will allow users to confirm pricing and product specifications, place purchase orders and add both product and order information automatically to builders' and suppliers' management systems. In addition, manufacturers will be able to place product information and catalogs on the BuildNet E-Building Exchange for access by homebuilders and suppliers. BuildNet is testing the BuildNet E-Building Exchange and expects to initiate a limited market rollout in two cities during the second quarter of 2000 and plans to commence a commercial rollout in an additional four to six cities in the second half of 2000. BuildNet's aggregated software customer base includes homebuilders that accounted for approximately 43% of 1999 U.S. single-family home closings. This press release contains 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. . The actual results might differ materially from those projected in the forward-looking statements for various reasons, including our limited Internet operating history, the development and rollout of the BuildNet E-Building Exchange and the acceptance of the BuildNet E-Building Exchange by any of the Company's existing software customers or any new customers. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's SEC filings, including its Registration Statement on Form S-1 and periodic reports under the Securities Exchange Act of 1934, as amended. Other product and company names herein may be trademarks of their respective owners.(c)2000 |
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