Consolidated Commerce Partners with NextLinx to Take Electronic Marketplaces Global.Business Editors, High-Tech high-tech also hi-tech adj. Informal Of, relating to, or resembling high technology. high-tech Adjective same as hi-tech Adj. 1. Writers CHICAGO--(BUSINESS WIRE)--June 19, 2000 NextLinx adds true landed costs and trade compliance to Consolidated Commerce's advanced supply chain execution Consolidated Commerce today announced that it has partnered with NextLinx Corporation, a leading global trade logistics solutions provider, for its global commerce transactional solution, expanding the capabilities of both solutions. This partnership will allow electronic marketplaces built on Consolidated Commerce's eMarketplace Suite(TM) seamless access to NextLinx's Global Markets, the industry's largest and most comprehensive source of online content for landed costs and import and export trade regulations. Under this agreement, NextLinx and Consolidated Commerce will be integrating their software and participating in joint sales opportunities. "We are constantly looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways to increase the revenue potential of our net market makers," said Mike Soenen, president and chief executive officer of Consolidated Commerce. "By partnering with NextLinx, we will be able to provide our net market makers with access to the industry's largest source of content for landed costs and trade regulatory compliance that will not only increase supply chain efficiency, but also decrease costs." Electronic Marketplaces built on Consolidated Commerce's eMarketplace Suite will be able to access NextLinx's Global Markets, the industry's easiest, fastest, and only source today that contains all 99 chapters of the Harmonized har·mo·nize v. har·mo·nized, har·mo·niz·ing, har·mo·niz·es v.tr. 1. To bring or come into agreement or harmony. See Synonyms at agree. 2. Music To provide harmony for (a melody). Tariff System (HTS HTS Heights HTS Harmonized Tariff System HTS High Throughput Screening (biomolecular assay screening) HTS High-Throughput Screening (Pharmaceutical Industry) HTS Harmonized Tariff Schedule ) in all categories of duties for shipping any product from any country to any country, making up over 99% of the world trade market. Global Markets calculates customs duties Tariffs or taxes payable on merchandise imported or exported from one country to another. Customs laws seek to equalize the charges imposed by other countries, furnish income for the federal government, and preserve the financial stability of domestic industries. and landed costs, ensures compliance to government import and export trade regulations and produces accurate documentation. Built with global internet businesses in mind, NextLinx sets the standard for global trade by maintaining information on trade regulations, duties, documentation and landed costs for over 19,000 HTS product classifications components, while providing the scalability How much a system can be expanded. See scalable. scalability - How well a solution to some problem will work when the size of the problem increases. For example, a central server of some kind with ten clients may perform adequately but with a thousand clients it to process up to 10 million transactions a day. "Consolidated Commerce's solution goes beyond simply connecting buyers and sellers in online exchanges by providing them with supply chain execution capabilities that increase efficiency and decrease cost," said Mary Lou Fox, chief operations officer of NextLinx. "Because supply chains are inherently global, online exchanges that can support global trade will have a competitive advantage in the marketplace. Our combined solution will provide just that." "This is the type of partnership that makes the value proposition of doing business through a net market maker so clear. Our customers will now be able to access global markets easier than ever before," said Scott Torbik, senior vice president of business development and marketing for Consolidated Commerce. "With online access to more than 99% of the world's commerce, their revenue potential knows no boundaries." About Consolidated Commerce Consolidated Commerce, based in Chicago, IL, provides a complete application platform for net market makers that brings advanced supply chain efficiencies to small and mid-size companies in fragmented frag·ment n. 1. A small part broken off or detached. 2. An incomplete or isolated portion; a bit: overheard fragments of their conversation; extant fragments of an old manuscript. 3. industries. Consolidated Commerce's CC eMarketplace Suite(TM), a transaction management and logistics consolidation system, enables the creation of new and sustainable revenue streams for net market makers. It allows buyers to enjoy economy-of-scale benefits often available only to larger companies, such as better product prices, more frequent shipments and lower transportation costs. Suppliers save time and money by having a single eMarketplace, through which they can process orders, send electronic invoices and consolidate shipments. To learn more about the Consolidated Commerce's CC eMarketplace platform, visit www.consolidatedcommerce.com. About NextLinx Headquartered in Silver Spring, Maryland Not to be confused with Silver Springs. Silver Spring is an urbanized, unincorporated area in Montgomery County, Maryland, USA. After Baltimore and Columbia, Silver Spring is the third most populous Census Designated Place in Maryland. , NextLinx Corporation is a leading global commerce solutions provider, enabling companies to grow and expand by simplifying and accelerating the exporting, importing and shipping of any product to any country in the world. It was the first to build the industry's most comprehensive and accurate source of information, applications and transaction engines for landed costs, government trade regulations and logistics execution available instantaneously in·stan·ta·ne·ous adj. 1. Occurring or completed without perceptible delay: Relief was instantaneous. 2. over the Internet. The prestigious list of NextLinx customers includes Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , 3Com, Fairchild Semiconductor, Rockwell Automation Rockwell Automation NYSE: ROK is an industrial automation company. Its products include Allen-Bradley controls and engineered services and Rockwell Software factory management software. The company headquarters are located in Milwaukee, Wisconsin. , Quantum, Sotheby's, United Parcel Service United Parcel Service, Inc. (NYSE: UPS), commonly referred to as UPS, is the world's largest package delivery company, delivering more than 15 million packages[1] a day to 6.1 million customers in over 200 countries and territories around the world. (UPS), USBid.com, and clicklogistics.com. Additional information about NextLinx can be obtained at www.nextlinx.com. |
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