Cgoo, Inc. Announces the ``Cgoo Open Trading Environment'' for the Internet; New Online Trading Site Innovates Efficient Online Bargaining.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--Dec. 23, 2002 Cgoo Inc., a Pasadena-based company, announced today the release of the Cgoo(R) Open Trading Environment (www.cgoo.com), an online bargaining system that allows Internet users Internet user n → internauta m/f Internet user Internet n → internaute m/f to buy and sell merchandise through an easy-to-use graphical interface See GUI. and cost-free platform. Designed to address the increasing demand for online commerce, the Cgoo Open Trading Environment is the first system to efficiently employ a true, open online bargaining place, establishing Cgoo, Inc. as the pioneer of the Open Environment eMarketplace. Through a simple Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. , the Cgoo Open Trading Environment, users can create their own personal "My Cgoo" and their own "Trading Table," where they can buy, sell, or bargain for items, and conveniently manage all of their trading activities. Any listed item can be purchased at any time by matching the current asking price with the "Buy At" feature, which means shoppers no longer have to wait for a listing to expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. in order to win that item. Alternatively, shoppers can choose to "bargain" by leaving a new offer on the "Public Trading Table," using the "Place an Offer" feature. All offers are viewable by the public, but only the seller knows which ones, if any, are accepted. This allows prices to ride up and down, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the time-tested disciplines of supply and demand. In addition, sellers with more than one of the same item can list as many of each, in one single listing, making the site extremely profitable for wholesalers selling their goods as well as an individual consumer selling a single item. "Trading on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the is fun and exciting; however, the lack of bargain trading and having to wait for a certain time period to expire in today's eMarketplaces can cause frustration! Because Cgoo is so fast and easy to use, it significantly boosts the efficiency of online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. . Shoppers decide how much they want to pay for an item and sellers decide if they want to accept those offers," commented Steve v. t. 1. To pack or stow, as cargo in a ship's hold. See Steeve. Chao, Co-creator of Cgoo. Pricing and availability The Cgoo Open Trading Environment is available 24 hours a day, seven days a week at www.cgoo.com. In addition, right now there are no fees of any kind to use the service. Registration is free for both buyers and sellers and there is no transaction or listing fees. For more information, please visit "Cgoo Help Central" at www.cgoo.com/help.php About Cgoo Inc. Cgoo Inc.'s mission is to help people on the Internet trade faster, more easily and with more flexibility. The Cgoo Open Trading Environment is the core service of Cgoo, Inc. and has been designed specifically to help users innovate in·no·vate v. in·no·vat·ed, in·no·vat·ing, in·no·vates v.tr. To begin or introduce (something new) for or as if for the first time. v.intr. To begin or introduce something new. , create and collaborate throughout the trading process. For more information about Cgoo, Inc., visit www.cgoo.com/aboutcgoo.php. (c)2002 Cgoo Inc. All rights reserved. Service terms and availability are subject to change without notice. |
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