Commerce One and Trade-Ranger Reach Definitive Agreement.Business Editors/High-Tech Writers PLEASANTON, Calif. & HOUSTON--(BUSINESS WIRE)--Jan. 3, 2001 Commerce One to Provide Comprehensive E-Marketplace Solutions Supporting Premier Energy and Petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. Marketplace 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) ) has reached a definitive agreement to license its MarketSite(TM) e-marketplace infrastructure as the core technology for Trade-Ranger, a premier marketplace supporting the exchange of materials and services in the energy and petrochemical industries. As part of the agreement, Trade-Ranger will also use Commerce One Global Services for strategic and technical consulting. "Commerce One is key to helping us achieve a successful, liquid marketplace," said interim co-CEOs Peter Lamell and Allen May Allen May (born October 30, 1969 in Dallas, Texas), is an American racecar driver. He drove in the U.S. Formula Ford 2000 series, and, in 1997, he started a single race in the Indy Racing League for Arizona Motorsport at Texas Motor Speedway. of Trade-Ranger. "We will continue to work closely with Commerce One to integrate its core technology with that of our members as well as develop additional marketplace functionalities and value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. ." Trade-Ranger began processing catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. transactions with Commerce One e-marketplace solutions in September 2000. The company's best-of-breed strategy, which blends Commerce One e-marketplace solutions with the most diverse set of buying tools in the industry, creates a truly open marketplace for buyers and sellers. 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 can be reached by phone at 800/308-3838 or 925/520-6000 or via the Internet at www.commerceone.com. About Trade-Ranger Trade-Ranger is a truly global, premier Internet-based marketplace dedicated to buying and selling materials and services used by the energy industry, including those in upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger , downstream, retail and petrochemical sectors. Trade-Ranger is an independent, neutral and secure marketplace, leading the development of e-supply chain management. Trade-Ranger has been built with the support and feedback of 14 of the world's leading energy and petrochemical companies -- representing an annual procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. spend of more than $125 billion. Additionally, Trade-Ranger conducts forums with leading product and services suppliers on an on-going basis to ensure marketplace neutrality. For additional information, please visit www.trade-ranger.com. 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 Commerce One's commitment to and expectations regarding Trade-Ranger's e-marketplace and the expected benefits to be gained by customers including access to a diverse set of buying tools and an open e-marketplace to conduct transactions. 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 risk that the Trade-Ranger e-marketplace may not perform with the ease and effectiveness that is expected, the extent of use of such e-marketplace by Trade-Ranger customers, actual efficiencies and economies of scale may not be as pronounced as those anticipated by the parties, unexpected operational difficulties, fluctuations in operating results, the cooperation of the parties, general economic conditions, and intense and increasing competition in the 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, 1999 and its quarterly report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2000. |
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