City of Berkeley Joins the DemandStar by Onvia Network, Saving Taxpayers Money; City Streamlines Procurement Process with Online Service.SEATTLE -- Local governments in California are utilizing a web-based technology to purchase 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. -- saving taxpayers money and leveling the playing field for local businesses interested in working with the city of Berkeley. Recently, the City of Berkeley started using the DemandStar e-procurement system offered by Seattle-based Onvia (Nasdaq:ONVI), www.onvia.com, currently used by hundreds of agencies across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Now the city can post its bids and requests for quotes online, saving staff time and reducing purchasing costs. Historically, government purchasing professionals had to create databases of potential bidders based on past bids, copy lengthy bid documents, and hand mail them to potential suppliers. Today, with DemandStar, the City of Berkeley notifies all interested suppliers via email or fax when a bid opportunity is available. This service is free to all suppliers. "DemandStar by Onvia is good for both government agencies like the City of Berkeley and for small business," said Mike Pickett, 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. of Onvia. "By creating more competition, government agencies purchase at competitive prices, save taxpayer dollars and allow all businesses to compete for orders and projects, no matter what their size." Suppliers interested in receiving their Berkeley notices should call DemandStar at 800-331-5610 to register. The DemandStar network was created in 1996 by procurement professionals in Florida looking to leverage technology to improve government effectiveness. Onvia acquired DemandStar in 2001 and has grown the network to over 500 government agencies in 37 states that enter bids and quotes directly into the DemandStar system, and more than 50,000 business suppliers who receive bids from over 45,000 local, municipal, state and federal government purchasing offices. Each month, Onvia publishes over 50,000 new business opportunities in over 200 business categories across the country. In addition to the free notification from the City of Berkeley, businesses can purchase a subscription to access all opportunities in their region, state or the entire nation. About Onvia: Onvia is a business-to-government (B2G (Business to Government) Refers to commercial enterprises selling to government agencies. See B2B. ) company that helps businesses secure government contracts and government agencies find suppliers online. Onvia's two products, the Onvia Guide and DemandStar, provide electronic notification of government opportunities to businesses in a variety of industries. Onvia trades on the NASDAQ National Market (ONVI). For more information about Onvia's products and services, please visit www.onvia.com. This release contains, in addition to historical information, forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Some statements are based on current expectations or beliefs and involve risks and uncertainties. For a detailed discussion of our safe harbor statements, please refer to Onvia's filings with the Securities and Exchange Commission (SEC) including Onvia's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2003 and Onvia's Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. filed with the SEC on May 13, 2004. |
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