ChemConnect Teams With WorldWideTesting.com.Business Editors and High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Feb. 23, 2000 World's leading, online, neutral exchange links to independent chemicals testing company to provide added services for World Chemical Exchange traders ChemConnect Inc., the largest global Internet exchange See IXP and NAP. for all types of chemicals and plastics, today announced it has formed a strategic alliance with WorldWideTesting.com. The alliance complements the speed and efficiency of trading online on ChemConnect's World Chemical Exchange with the equal new ease of Internet-based ordering of WorldWideTesting.com's independent third-party laboratory sampling and testing services. Chemical analyses preceding transaction closes are common industry practices. Now, the 5,000 World Chemical Exchange Members from 105 countries, will have the option of linking directly to WorldWideTesting.com to request testing from its global network of independent accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. laboratories. The new service option provides buyers with an effective, speedy approach to verifying the standard of the chemicals and plastics they plan to purchase; it also gives sellers the option of having their chemicals and plastics pre-tested, with the results made available online to potential purchasers. "Objectivity and neutrality, combined with the power of the Internet, are traits we share in common with the World Chemical Exchange," said WorldWideTesting.com President Jim Lewis Jim Lewis may be a short form of James Lewis, or may refer to:
"Successful business-to-business electronic commerce, as exemplified by the World Chemical Exchange, requires value-added services just as much as it requires the support of the Internet's most advanced technologies," said ChemConnect 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. John Beasley. "This alliance with WorldWideTesting.com is one of the ways we are optimizing the World Chemical Exchange trading experience for all our customers around the world." About ChemConnect ChemConnect is the Internet's largest global chemical electronic marketplace for all types of chemicals and plastics. Manufacturers, buyers, and intermediaries around the world use ChemConnect's World Chemical Exchange, an open, neutral market to find trading partners, negotiate pricing, and complete transactions online. Members of ChemConnect can increase profits by gaining access to new markets, lower costs by reducing transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , and benefit from up-to-the-minute market information. Headquartered in San Francisco's financial district, with offices in Houston, Philadelphia, Singapore, and London, the company is backed by top-tier investment firms including Goldman Sachs, Institutional Venture Partners (IVP IVP abbr. intravenous pyelogram IVP (Intravenous pyelogram) The use of a dye, injected into the veins, used to locate kidney stones. Also used to determine the anatomy of the urinary system. ), Weiss, Peck & Greer, CMEA CMEA Council for Mutual Economic Assistance CMEA Cellular Message Encryption Algorithm CMEA Canadian Music Educators' Association CMEA Council for Mutual Economic Aid CMEA Certified Machinery Equipment Appraiser CMEA Colorado Music Education Association Ventures, and Highland Capital Partners Highland Capital Partners is a global venture capital firm with offices located in Boston, Silicon Valley, Geneva, and Shanghai. Since its inception in 1988, the firm has invested in more than 180 early and growth stage companies and taken a sector-focused approach to investing in . Andersen Consulting, BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida , BP Amoco, The Dow Chemical Company The Dow Chemical Company (NYSE: DOW TYO: 4850 ) is an American multinational corporation headquartered in Midland, Michigan. Overview The Dow Chemical Company is currently the second largest chemical manufacturer in the World (after BASF)[1]. , Eastman Chemical Company Eastman Chemical Company is a United States based chemical company, engaged in the manufacture and sale of chemicals, plastics and fibers. Eastman has 16 manufacturing sites in 10 countries, supplying its products throughout the world. , and PPG Industries are also equity investors in ChemConnect. For more information, visit the company's Web site at http://www.chemconnect.com. About WorldWideTesting.com WorldwideTesting.com is the only independent third-party laboratory sampling and testing resource on the Internet. It provides secure online ordering of third party sampling and testing for chemicals, pharmaceuticals and other industrial commodities through a global network of independent accredited laboratories. WorldWideTesting.com's patent-pending e-commerce solution enables both buyers and sellers to confidently make informed purchasing and selling decisions in a global environment. The site, which contains industry testing standards for most industrial nations, a database of materials and testing results, acts as the most comprehensive data warehouse of verified product data. WorldWideTesting.com is based in Atlanta, GA and on the Internet at http://www.worldwidetest.com. Note to Editors: ChemConnect and World Chemical Exchange are registered trademarks of ChemConnect Incorporated. |
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