CheMatch.com Announces Strategic Alliance With Methanex Corporation.Business/Energy Editors & High-Tech/Internet Writers HOUSTON--(BUSINESS WIRE)--Sept. 29, 2000 CheMatch.com Inc., a leading marketplace for buying and selling bulk commodity chemicals, plastics and fuel products, announced today that Methanex Corporation (Nasdaq:MEOH)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :MX), the world's largest producer and marketer of methanol, has entered into a strategic alliance with CheMatch.com. As part of the strategic alliance, Methanex has made an equity investment in CheMatch.com and has agreed to use CheMatch.com's Global Trading Network as their preferred online exchange and auction platform. Methanex has also joined CheMatch.com's Industry Council. Pierre Choquette, Methanex's 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. , commented, "Our strategic alliance with CheMatch.com is an important step in the development of our e-Business strategy. We see e-Business as a critical way to further strengthen our global position in methanol." "We are pleased to have the leading producer of methanol as one of our strategic investors," said Carl McCutcheon, chairman and CEO of CheMatch.com. "The recent strides that our exchange has made in significantly increasing liquidity can only be strengthened by this closer relationship with this leading chemical company in this important market to CheMatch.com." Methanex, based in Vancouver, is the world's largest producer and marketer of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. in Canada under the trading symbol "MX" and the Nasdaq National Market in the United States under the trading symbol "MEOH". Methanex can be visited at www.methanex.com. CheMatch.com is a business-to-business, Internet-based marketplace for purchasers and sellers of bulk commodity chemicals, plastics and fuel products. The marketplace incorporates a real-time, interactive trading exchange where members can trade 24 hours a day, seven days a week. Strategic and financial investors include Battery Ventures, Bayer AG (NYSE NYSE See: New York Stock Exchange :BAYZY)(FSE FSE 1. feline spongiform encephalopathy. 2. focal symmetrical encephalomalacia. :BAYG.F), Computer Sciences Corporation (NYSE:CSC), E.I. DuPont de Nemours and Company (NYSE:GE), Methanex (Nasdaq:MEOH)(TSE:MX), Millennium Chemicals (NYSE:MCH See Intel Hub Architecture. ), H. Muehlstein & Co. Inc., Reed Elsevier, Sprout Group, Stolt-Nielsen S.A. (Nasdaq:STLTF)(Nasdaq:STLBY)(Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. :SNIB snib tr.v. snibbed, snib·bing, snibs Chiefly British To latch (a door or window): "[The] window is snibbed on the inner side" ), and TownsendTarnell. Headquartered in Houston, CheMatch.com has international offices in Brussels, Hong Kong, Manchester (United Kingdom), Sao Paulo, Singapore, Tokyo and Zurich. For more information about CheMatch.com, visit our Web site at www.chematch.com |
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