CommonPlaces Strikes Agreement With FairMarket to Host Integrated Auction & Commerce Services On CollegeBytes.com.CAMBRIDGE, Mass.--(BUSINESS WIRE)--March 23, 1999-- Agreement Creates First Collegiate col·le·giate adj. 1. Of, relating to, or held to resemble a college. 2. Of, for, or typical of college students. 3. Of or relating to a collegiate church. Oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. Auction Site and Reflects CommonPlaces Commitment to Be First One-Stop Online Resource for the Collegiate Community CommonPlaces(TM) LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Network Event Theater's (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NETS) exclusive online partner, today announced that it has signed an agreement with FairMarket Inc., the originator of Web auction services, to deliver integrated auction and commerce services to college audiences through its CollegeBytes.com(TM) Internet hub. The agreement is the latest move in CommonPlaces' aggressive strategy to rapidly become the market leader in delivering comprehensive online tools and resources for the entire collegiate community, including the 15 million college students 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. . Under the agreement, FairMarket will host its Community Auction Place for CommonPlaces' CollegeBytes.com, the first comprehensive, personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. Web-environment for students, faculty and administrators. The move enables CollegeBytes.com users to sell or bid on products - everything from textbooks to furniture to college paraphernalia PARAPHERNALIA. The name given to all such things as a woman has a right to retain as her own property, after her husband's death; they consist generally of her clothing, jewels, and ornaments suitable to her condition, which she used personally during his life. . The auctions can be personalized by school, geographic region and personal interests. For example, students could search for items for sale by others on their campus, or create an auction specialized for a particular group like a sorority sorority: see fraternity. or campus club. As part of the agreement, CollegeBytes.com will have complete control over how the auction will operate, what it will look like and the privacy considerations associated with it. Online auction sites have been among the hottest Internet services and have gained prominence since eBay Inc. (NASDAQ:EBAY) went public last September. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jupiter Communications, 1.2 million U.S. online consumers purchased $461 million worth of merchandise via online business-to-consumer auctions in 1998. Jupiter projects The Jupiter project was to be a successor to Digital Equipment Corporation(DEC)'s PDP-10 model. This project was cancelled in 1983, as the PDP-10 was increasingly eclipsed by the VAX supermini machines (descendants of the PDP-11). that 6.5 million online purchasers will buy $3.2 billion of merchandise via online business-to-consumer auctions by 2002. Separately, Jupiter estimates that online revenues from college students in 1996 amounted to $97 million and they expect that number to dramatically increase by 4,000 percent to $3.9 billion by the end of 2002. "Our agreement with FairMarket illustrates our aggressive commitment to be the first company to leverage the power of the Internet to address the unique needs of the collegiate community," said Ben Bassi bas·si n. A plural of basso. , President and 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 CommonPlaces. "In addition to providing our own content and services, our strategy is to continue to form strategic relationships with companies like FairMarket that are offering valuable services to this market, and to aggregate those offerings under one environment. Online auction services are becoming increasingly popular among college audiences, which is why we are now offering this premiere service through CollegeBytes.com." "FairMarket's Community Auction Place, when fully integrated into CollegeBytes.com, will create the premiere online auction service for college students across America, enabling campus-based auctions not only between students, but also between students and merchandise suppliers interested in reaching this lucrative market," said Bill Townsend This article has multiple issues: * It does not cite any references or sources. Please help improve this article by citing reliable sources. , Vice President, Sales & Marketing of CommonPlaces. "For example, fashion merchandisers can create a business partnership with CommonPlaces to sell overstock o·ver·stock tr.v. o·ver·stocked, o·ver·stock·ing, o·ver·stocks To stock more of (something) than necessary or desirable. n. An excessive supply. Verb 1. and late season clothing through the auction service, taking the Bluefly concept to a higher level." "FairMarket is excited about our agreement with CommonPlaces, as it enables us to deliver our powerful and innovative Community Auction Place service to the collegiate community," said Scott Randall, president and CEO of FairMarket. "CommonPlaces is clearly seizing the leadership position in delivering the widest range of targeted, valuable, and personalized online services to these audiences, and the FairMarket Community Auction Place service will enhance the increasingly significant benefits for Collegebytes.com users." Through CollegeBytes.com - currently under development and scheduled to be formally unveiled in August - CommonPlaces is for the first time providing college students, faculty and administrators with a highly personalized Web-based environment, that adapts based on each user's ongoing input, and which is designed to enhance each individual's overall college experience. In addition to auction services through FairMarket, CollegeBytes.com will provide free value-add offerings ranging from online courses to financial aid to chats with professors to access to name brand 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. . Also, CollegeBytes.com fosters community building among individuals with similar interests on the campus and around the world. All services are provided through a protected online environment that dynamically evolves based on each user's continued input. About FairMarket FairMarket, Inc. is a leading provider of auction and e-commerce solutions for Web communities and merchants. FairMarket's service is a completely integrated turnkey solution that allows communities and merchants to generate revenue from monetizing traffic, to acquire and retain more registered members and to increase page views. Industry trends point to sustained demand for companies that create Internet services and support e-commerce infrastructures. FairMarket's Auction Place offers an unbranded, customized, feature-rich auction that allows the communities and merchants to own and control the user registration, listing information, pricing, and user interface. FairMarket was established in 1997 and is located in Woburn, Massachusetts Woburn (/'wu.bə(r)n/) is a city in Middlesex County, Massachusetts, USA. The population was 37,258 at the 2000 census. Woburn is the birthplace of Anglo-American scientist Benjamin Thompson, a.k.a. . About CommonPlaces CommonPlaces(TM), founded by senior Internet veterans, is the first company to create comprehensive, personalized and self-evolving online communities for specialized audiences with common interests. CommonPlaces' first Internet community is CollegeBytes.com(TM), a full-service online hub with free tools and resources for the entire collegiate community (faculty, administration and students). CommonPlaces has joined forces with Network Event Theater (NASDAQ:NETS), the nation's largest campus media and marketing services company, to leverage NET's more than 50 years of college marketing experience and nationwide distribution on more than 2,000 colleges across the country. CommonPlaces is poised to become the market leader in delivering comprehensive online tools and resources for the college community including the 15 million U.S. college students. More information about the company can be found at http://www.commonplaces.com. |
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