Commerce One and NTT Launch Japan's First MRO E-Procurement Marketplace.Business Editors/High-Tech Writers PLEASANTON, Calif.--(BUSINESS WIRE)--July 11, 2000 Commerce One, Inc. (Nasdaq:CMRC CMRC Canadian Motosport Racing Club CMRC Commerce One Inc. (stock symbol) CMRC Caribbean Marine Research Center CMRC Crime Mapping Research Center CMRC Credit Management Research Centre (UK) ), the leader in global e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. for business, and NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform Communications (NTT Com) have launched the first MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. e-procurement marketplace for Japan, to enable buyers and suppliers to conduct open transactions via the Internet. It is anticipated that the site will be linked to the Commerce One Global Trading Web(TM), enabling buyers and suppliers to source goods globally. NTT Com began using the marketplace for its own MRO procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. in February, achieving 60% cost reduction on processing. NTT Com also made the marketplace available to 10 buyers and 17 suppliers on a trial basis in May. The trial users, including Canon, Compaq Computer, Nihon Unisys Supply and Mitsubishi Corporation Mitsubishi Corporation (三菱商事株式会社 , found that the marketplace simplified and cut the time for transactions, reduced procurement costs and expanded the market for both buyers and suppliers. The NTT Com marketplace is powered by the Commerce One MarketSite(TM) Portal Solution and utilizes the Commerce One BuySite(TM) Solution to facilitate order management, payment and inventory management. NTT Com will offer its base marketplace service free of charge to new customers during July and August. About Commerce One Commerce One (Nasdaq:CMRC) is the leader in global e-commerce solutions for business. Through its products, portals, and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, anytime, anywhere. The Commerce One Global Trading Web(TM) is the world's largest business-to-business trading community. Comprised of many open e-marketplaces, the Global Trading Web provides unprecedented economies of scale for buying organizations, suppliers, and service providers worldwide. Commerce One is located in Pleasanton, Calif., and can be reached by phone at 800/308-3838 or 925/520-6000 or via the Internet at http://www.commerceone.com/. 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. . The foregoing paragraphs include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements concerning the implementation of a business-to-business electronic marketplace and the potential business benefits to be realized from such marketplace. These statements are subject to risks and uncertainties. Actual results may differ materially from those described in such statements as a result of a number of factors. These factors include but are not limited to the ability of Commerce One and its partner to continue to establish this marketplace and the extent of customer adoption and utilization of this marketplace. For a discussion of these and other risk factors that could affect Commerce One's business, see "Risk Factors" in Commerce One's filings with the Securities and Exchange Commission, including its 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, 1999 and its quarterly report on Form 10Q for the quarter ended March 31, 2000. Note to Editors: Commerce One, Many Markets. One Source., Global Trading Web, BuySite, MarketSite, Global Trading Platform, Common Business Library, XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. Development Kit, XML Commerce Connector, MarketView, and SupplyOrder are either trademarks or registered trademarks of Commerce One, Inc. All other company, product, and brand names are trademarks of their respective owners. |
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