Commerce One and The Royal Group Form Alliance to Develop E-Marketplace for the Textile Industry; Textile Global Trade Marketplace to Join the Global Trading Web.Business Editors/High-Tech Writers PLEASANTON, Calif. & MONACO--Nov. 15, 2000--Commerce One (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. solutions for business, today announced that The Royal Group has formed an alliance and contracted with Commerce One to build a global business-to-business e-marketplace for the textile industry. The new e-marketplace, Textile Global Trade (TGT TGT Target TGT Ticket Granting Ticket (Windows 2000 Kerberos security) TGT Target Corp (stock symbol) TGT Turbine Gas Temperature TGT TDRSS Ground Terminal TGT Tank Gunnery Trainer TGT Target Tracker ), is aimed at seamlessly interconnecting global textile companies, enhancing worldwide supply chains, bringing increased efficiency and reducing costs. The new venture is aimed at providing a unified e-commerce platform for the worldwide textile industry, enhancing existing business relations and opening up new trading opportunities to all types of organizations in the textile and derivative derivative: see calculus. derivative In mathematics, a fundamental concept of differential calculus representing the instantaneous rate of change of a function. industries. The Textile Global Trade e-marketplace plans to help companies manage the complex business processes and multi-company interconnections inherent in textile industry supply chains, increasing overall throughput The speed with which a computer processes data. It is a combination of internal processing speed, peripheral speeds (I/O) and the efficiency of the operating system and other system software all working together. 1. while bringing increased efficiencies on a global scale. "E-commerce in the textile sector is not comparable with e-marketplaces in other industries," said Silvana Nappo, strategic director, The Royal Group. "Brokers, intermediaries, wholesalers and trade representatives all have to exchange information. In a market where trading is conducted as fast as on the stock-market, complex transactions in this business have to be extremely versatile, simple and yet very reliable." "The Royal Group wanted a single, industry-leading e-marketplace solution to leverage the power of the Internet in managing the complete end-to-end supply chain," said Paul Taylor
About The Royal Group The Royal Group is a pioneer in the application of Business-to-Business collaborative e-marketplace technology solutions to conduct E-Commerce for the textile industry. The Royal Group executive management team has substantial experience in eCommerce and the textile industry. The Royal Group brings in-depth expertise and insight into the unique problems of the textile industry, making it uniquely positioned to match the specific needs of the textile industry with E-business technology. The Royal Group is located in Monte Carlo Monte Carlo (môNtā` kärlō`), town (1982 pop. 13,150), principality of Monaco, on the Mediterranean Sea and the French Riviera. , in the Principality of Monaco and can be reached at 377 680 86 55 00. Textile Global Trade Corporation (TGT) can be reached soon on the web at www.tgtweb.com About Commerce One Commerce One (Nasdaq:CMRC) is the leader in global e-commerce solutions for business. Through its products 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. Through its alliance with SAP AG (company) SAP AG - (Systeme, Anwendungen, Produkte in der Datenverarbeitung - German for "Systems, Applications and Products in Data Processing") A company from Germany that sells the leading suite of client-server business software. The US branch is called SAP America. and SAPMarkets, Commerce One enables enterprises and communities of all sizes and industries to efficiently conduct collaborative business on the Internet. Commerce One is located in Pleasanton, Calif and London., and can be reached by phone at (800) 308-3838 or (925) 520-6000 or 44 1753 48 3000 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 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, but are not limited to, statements concerning the collaboration of Commerce One and The Royal Group to build a global e-marketplace for the textile industry, the anticipated benefits and efficiencies of such e-marketplace, including increased buyer/supplier trade, the complement of existing business relations globally, and the increase of e-commerce opportunities. 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, delays in the implementation of changes in delivery models, increased competitive environment and pricing pressures, delays in product rollout schedules, component shortages, slow acceptance for new form factors, employee retention, disruptions related to restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). actions, the financial condition of resellers, delays in new systems implementation, operational inefficiencies related to sales cycles, equity investment volatility, and emerging market political or economic instability. For additional information on 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 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2000. |
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