Cincinnati Bell's New ZoomTown Purchasing Network Partners With Cincinnati Minority Supplier Development Council.CINCINNATI--(BUSINESS WIRE)--June 24, 1999-- eCommerce Tool Will Improve Access to Business Opportunities for Minority-Owned Companies throughout Cincinnati ZoomTown.com, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Cincinnati Bell Cincinnati Bell is the dominant telephone company for Cincinnati, Ohio and its nearby suburbs in Ohio, Indiana and Kentucky. The parent company is named Cincinnati Bell Inc. Inc., today announced the first strategic partnership of its new ZoomTown Purchasing Network, with the Cincinnati Minority Supplier Development Council (CMSDC CMSDC Connecticut Minority Supplier Development Council, Inc. ), and demonstrated the network for the first time at the CMSDC's 1999 Business Exchange. As the first local organization to partner with the ZoomTown Purchasing Network, the CMSDC anticipates new and better access to business opportunities for minority companies throughout Greater Cincinnati. "The ZoomTown Purchasing Network will allow small businesses -- and particularly minority businesses -- to play in a business arena where playing has not always been easy," said Arlene Taylor, president of CMSDC. "This new access to opportunities will allow small companies to overcome the disadvantages of size and scope and capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. their strengths in quality, value and customer service. We are very excited about the network's potential to help businesses improve efficiency and productivity while lowering costs." Officially launched on June 21, the ZoomTown Purchasing Network allows online buying and selling of products nationwide. It simplifies business-to-business eCommerce by directly linking buyers with suppliers, reducing paperwork and labor costs, while saving time for all involved. This solution allows companies -- large and small -- to buy and sell products electronically, including the capability to issue electronic purchase orders and invoices and manage shipping information. Companies can quickly put specs out to bid on everything from light bulbs to bulldozers and then entertain a host of competitive proposals from various suppliers. As part of the partnership, CMSDC Minority Business Enterprises will be able to utilize the service at special rates. "Our partnership with the CMSDC is a real testament to ZoomTown.com's commitment to bringing cutting-edge technology and services to our small business customers," said Mike O'Brien, president of ZoomTown.com. "We pride ourselves on developing real business solutions. The ZoomTown Purchasing Network takes electronic commerce to a new level of simplicity and efficiency to help our customers improve their opportunities for success." The Cincinnati Minority Supplier Development Council is a non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. founded in 1972 to promote the growth of historically underutilized businesses through the purchase of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. offered by them. The council is an affiliate of the Greater Cincinnati Chamber of Commerce and one of the 43 regional affiliates of the National Minority Supplier Development Council, Inc. (NMSDC NMSDC National Minority Supplier Development Council, Inc. ). Cincinnati Bell Inc. (NYSE NYSE See: New York Stock Exchange :CSN CSN Crosby, Stills, and Nash (band) CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) ) is a full service, integrated communications company that provides competitive local communications as well as data, Internet, wireless, entertainment, directory, long distance and data networking services to customers in the Cincinnati, Ohio, metropolitan area and in many other Midwestern cities. Cincinnati Bell is on the World Wide Web at www.cincinnatibell.com |
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