Commerce One and ProNetLink Team Up to Deliver International Trade Services to E-Marketplaces.Business Editors/High-Tech Writers NEW ORLEANS--(BUSINESS WIRE)--April 24, 2001 ProNetLink's Master Transaction Logic(TM) System Guides Small and Medium Sized Businesses Through Cross Border Trade At the eLink conference today, Commerce One(R), the e-marketplace company (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) ), announced that ProNetLink (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PNLK) has chosen the MarketSite(TM) operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. as the technology foundation for its Master Transaction Logic(TM) (MTL MTL In currencies, this is the abbreviation for the Maltese Lira. 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. (TM)), an ASP solution that provides international trade services for small and medium sized businesses. ProNetLink plans to leverage MarketSite's open platform to syndicate its services to the e-marketplaces on the Global Trading Web(TM), the world's largest business-to-business trading community, as well as to other international e-commerce and trade association Websites. This new innovative ASP solution will provide a guided, on-line process to allow buyers and suppliers to successfully complete an international transaction safely and securely. ProNetLink's Master Transaction Logic(TM) (MTL) system manages the process, creating a transaction template based on key information, including the product type, country and customs information, shipping logistics, financial and regulatory issues. The World Trade Organization estimates cross-border trading at approximately $11 Trillion annually. ProNetLink is focused on helping move that activity onto the Web. "We believe that the combination of ProNetLink's international trading capabilities with Commerce One's open e-marketplace platform can offer a major leap forward in the facilitation Facilitation The process of providing a market for a security. Normally, this refers to bids and offers made for large blocks of securities, such as those traded by institutions. of international trade logistics on the Web," said David Walker David Walker may refer to:
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for ProNetLink. "We chose Commerce One for their understanding of our MTL product; MarketSite is the only e-marketplace environment that provides the global platform required to support international trade, enabling us to connect to the Global Trading Web and provide our services to e-marketplaces worldwide." "We believe ProNetLink's ASP solution for international trade transactions marks an important trend in the development of the Commerce One Global Trading Web," said Kevin Schick, vice president of Solutions Marketing for Commerce One. "We also believe that e-marketplaces which provide global business services will be a key driver for moving business trade onto the Web, and ProNetLink's new offering will bring important capabilities to trading partners on a worldwide basis." ProNetLink expects their Master Transaction Logic to begin initial activity in the fourth quarter of 2001. About ProNetLink ProNetLink offers e-commerce services for businesses involved in Global Trade. The company's patent-pending Application Service Provider (ASP) trade transaction product, the Master Transaction Logic(TM), will provide an efficient solution for small to medium sized companies conducting international trade within horizontal and vertical e-business websites around the world. ProNetLink's website (www.ProNetLink.com), called the Global Trade Internetwork (1) To go between one network and another. (2) A large network made up of a number of smaller networks. Same as "internet" (lower case "i"), not the "Internet" (upper case "I"). See internet. (TM), is an online community where traders may identify business opportunities through searching ProNetLink's Global Trade Directory, posting trade leads, and utilizing a variety of on-line trade tools and services. For more information, please contact ProNetLink, 645 Fifth Avenue, Suite 303, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10022. Tel: (212) 688-8838, e-mail: info@pronetlink.com. ProNetLink is Publicly traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : PNLK (PNLK.OB). About Commerce One Commerce One(R) (Nasdaq:CMRC) is the e-marketplace company. Through its software, services and Global Trading Web(TM) of interconnected business communities, Commerce One enables worldwide commerce on the Internet. With headquarters in Pleasanton, California Pleasanton, nicknamed "P-town"<ref name="">Ptown (Pleasanton) Bike Advocates Meeting, East Bay Bicycle Coalition website, August 14, 2007, retrieved August 17, 2007, is a city in Alameda County, California and was incorporated in 1894. and offices around the world, Commerce One can be reached by phone at 800 308 3838 or +1 925 520 6000 or via the Internet at www.commerceone.com. Forward Looking Statements The foregoing paragraphs include 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 Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements concerning ProNetLink's plans to leverage Commerce One's MarketSite platform to syndicate its services to e-marketplaces on the GTW GTW Gateway, Inc. (stock symbol) GTW Global Trade Watch GTW Grand Trunk Western (railroad) GTW Gatwick Airport GTW Global Trading Web (Commerce One B2B-platform) , the expectation that e-marketplaces which provide business services will be critical in moving business trade onto the Web, and the belief that ProNetLink's ASP solution will bring important capabilities to trading partners globally. The words "believe," "expect," "will" and similar phrases as they relate to Commerce One are intended to identify such forward-looking statements. Such statements reflect the current views and assumptions of Commerce One, and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. These risks include, but are not limited to, reduction in demand for e-marketplace solutions, delays in developing or shipping new versions of our e-marketplace solutions, unexpected expenses, the possibility that the e-marketplace solutions offered may not meet user expectations, the extent of customer adoption and utilization of the solutions provided, unexpected operational difficulties may occur, risks related to the World Wide Web, general economic conditions, intense and increasing competition in the market and volatility of the stock market. 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, 2000. Note to Editors: Commerce One, Many Markets. One Source. Global Trading Web, Commerce One.net, BuySite, MarketSite, eLink, MarketWise, Net Market Maker, 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. Common Business Library, XML Development Kit, XML Commerce Connector, MarketSite Builder, and SupplyOrder are either trademarks or registered trademarks of Commerce One, Inc. The ProNetLink.com logo and Global Trade Internetwork are trademarks of ProNetLink, Corp. |
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