ChannelWEB Offers FairMarket Auctions to Computer Resellers; New Alliance Gives Access to Attractively Priced Products.MANHASSET, N.Y.--(BUSINESS WIRE)--May 7, 1998--CMP Media's ChannelWEB has added product auctions from FairMarket, Inc., an 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 based business-to-business  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. auction site, as a new benefit to its reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. community. An alliance between the companies links CMP's industry-leading online channel resource with FairMarket's innovative transaction capabilities. The agreement enables technology resellers to access FairMarket auctions through ChannelWEB's home page, http://www.channelweb.com in order to purchase computer products and peripherals at attractive prices. FairMarket is located at http://www.fairmarket.com. For the auctions, potential bidders visiting the site browse (1) To view the contents of a file or a group of files. Browser programs generally let you view data by scrolling through the documents or databases. In a database program, the browse mode often lets you edit the data. See Web browser. through lists of products that have been posted by sellers with surpluses and submit real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. bids on goods they want to purchase. Offers are ranked by price, quantity and time placed to determine the winners. The daily real-time auctions result in attractive prices for buyers and higher returns for sellers than would be achieved through other methods. "These FairMarket auctions complement our other services that are available exclusively to the channel community," said Michael Tupanjanin, Publisher of ChannelWeb and Director of Channel Interactive Products. "Because end users cannot participate, resellers never bid against their customers as on consumer auction sites and prices are kept low enough so that dealers can make reasonable margins." Scott T. Randall, FairMarket's founder and chief executive officer said: "Leveraging ChannelWEB's comprehensive base of computer-product manufacturers, distributors and resellers enhances our auction audience both qualitatively and quantitatively. Both buyers and sellers will benefit." He added that ChannelWEB members can subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; FairMarket's new newsletter. Randall noted that this agreement supplements a similar business-to-business link to FairMarket's auctions by way of TechShopper at CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information Media's Web site, http://www.CMPnet.com. Information about ChannelWEB, including sponsorship opportunities and participation rates, is available from Laura Piorkowski at (516) 733-6988 or lpiorkow@cmp.com. FairMarket, Inc., since its founding in February 1997, has become a leading business-to-business auction site on the Web, specializing in quantity sales of excess computer products and peripherals from manufacturers and distributors to computer retailers, value-added resellers A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. and systems integrators An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. . FairMarket auctions enable buyers to get great deals and ensures that the sellers always gets the fair market value for their product. The Woburn, Mass.-based company currently runs daily auctions and plans to expand its online auction services to other industries like pharmaceuticals, office equipment and consumer electronics. FairMarket's home page is at http://www.fairmarket.com. ChannelWEB is the Web's most highly trafficked independent resellers-only site. The resources of its virtual community have a common interface with other channel-specific sites of CMP Media's Computer Reseller News, Computer Retail Week and VARBusiness magazine. With more than 40,000 registered members, ChannelWEB is the only Web site that qualifies its audience to ensure that they are active resellers. CMP Media Inc. (Nasdaq:CMPX CMPX Complex ) is the only high-tech media company providing essential information and marketing services to the full technology spectrum -- the builders, sellers and users of technology worldwide. With its portfolio of leading newspapers, magazines, Internet products and conferences, CMP Media is uniquely positioned to offer marketers comprehensive, integrated solutions tailored to meet their individual needs. Online editions of the company's print publications, which include EE Times, InformationWeek, Computer Reseller News and Windows Magazine, along with products and services created exclusively for the Internet, can be found on CMPnet at http://www.CMPnet.com. CONTACT: Barry J. Zusman (516) 562-7040 bzusman@cmp.com or Mark Sutton Sutton, outer borough (1991 pop. 164,300) of Greater London, SE England. It is mainly residential, but plastics, chemicals, radio components, and paper goods are produced. The areas of Sutton were mentioned in the Domesday Book. FairMarket, Inc. (781) 935-7090 msutton@fairmarket.com |
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