Context Integration and GoCargo.com to Launch First-Ever Business-to-Business E-commerce Solution for Shipping Industry.BURLINGTON, Mass. and NEW YORK--(BUSINESS WIRE)--Oct. 12, 1999-- GoCargo.com Web Solution to Offer Online Auction Forum for Importers and Exporters in Maritime INTEREST, MARITIME. By maritime interest is understood the profit of money lent on bottomry or respondentia, which is allowed to be greater than simple interest because the capital of the lender is put in jeopardy. Transportation Industry Context Integration, a leading e-business solutions integrator (1) In electronics, a device that combines an input with a variable, such as time, and provides an analog output; for example, a watt-hour meter. (2) See systems integrator. , today announced the launch of GoCargo.com, the first business-to-business, auction-based international container shipping exchange. GoCargo.com selected Context Integration, an expert in creating industrial strength business-to-business Web solutions, to design, develop and deploy the GoCargo.com 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. platform. GoCargo.com will act as a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. sales forum for importers and exporters to aggregate demand, streamline operations, and realize tangible cost savings throughout their respective businesses. This innovative business-to-business auction-based exchange model is gaining popularity in industries of all kinds as a fast, simple, and inexpensive means of conducting e-commerce. "Context has proven experience building business-to-business e-commerce platforms for well-known companies, so we feel confident in its ability to manage a project of this scope," said Eyal S Eyal (Hebrew: אייל; lit. stag, deer) is a kibbutz in the Centre District of Israel close to the Green line. . Goldwerger, 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 GoCargo.com. "Context was the most technically savvy service provider we considered. Its superior risk anticipation and mitigation MITIGATION. To make less rigorous or penal. 2. Crimes are frequently committed under circumstances which are not justifiable nor excusable, yet they show that the offender has been greatly tempted; as, for example, when a starving man steals bread to satisfy tactics assured us that this mission-critical application would run smoothly and predictably." GoCargo.com will allow importers and exporters to initiate auctions for their container shipments, and offer transportation service providers the opportunity to bid on this cargo. The first-ever auction service for this industry, both on- and offline, GoCargo.com capitalizes on recent deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. within the shipping industry. By creating a forum for buyers and sellers, GoCargo.com will leverage the power of the Internet to create a reverse auction environment. Buyers will have greater purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. , more information, and better access to service providers worldwide and will provide sellers with new customers, liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy of excess capacity aboard ships, increased revenues, and reduced sales costs. GoCargo.com has based its automated trading system An automated trading system (ATS) is a computer trading program that automatically submits trades to an exchange. An example of an early ATS is Instinet. This allows traders to input trades invisibly to the market, with a crossing price determined by a VWAP measure. on existing business patterns of customer behavior. -0-
The GoCargo.com e-commerce platform will:
-- Register and validate shippers and service providers
-- Administer user accounts
-- Register consolidated market, full container market requests
and service provider requests
-- Provide quotes to users and allow them to select a quote
-- Search and view posted requests
-- Utilize an easily navigable and intuitive user interface
"We look forward to being a part of GoCargo.com's success as it revolutionizes the way an entire industry does business," said Steve Sharp Steve Sharp is a former U.S. soccer forward who earned eight caps, scoring one goal, with the U.S. national team between 1984 and 1985. He earned his first cap as a substitute for Chance Fry in an October 9, 1984 win over El Salvador. His one goal with the U.S. , CEO of Context Integration. "The combination of GoCargo.com's first-of-its-kind business model and a powerful e-commerce platform will deliver optimum results for GoCargo.com and its customers." Due to the large scope and aggressive timeframe of the GoCargo.com project, Context leveraged its standards-based project management methodology, inContext(tm), to guarantee its timely and successful completion. inContext optimizes Web opportunities and guarantees a functional, on-time, on-budget e-business solution. inContext support tools, such as the project enablement team environment, enable client project managers to remain up-to-date on the status of their projects at all times while staying focused on their own internal business responsibilities. The GoCargo.com platform, built over a six week timeframe, uses a distributed object-oriented system architecture and the new Dynamic Commerce LiveExchange Solutions, an auction and trading services application from Moai Technologies. The site is expected to launch in early November. About Context Integration Context (www.context.com) is a leading e-business solutions integrator: 100 percent focused on the rapid delivery of innovative, mission-critical, business-to-business e-solutions, guaranteed. Working with best-in-class partners, Context offers e-business strategy, architecture and planning, creative design, and solutions construction to Fortune 1000 clients and emerging e-businesses. Context specializes in business-to-business e-commerce, e-procurement, e-billing and e-care solutions, and has extensive experience integrating e-business solutions with legacy production systems. Context's Web-optimized development methodology and fixed-price/fixed-time project model guarantee results and customer satisfaction, making Context the leader in business-to-business e-solutions. |
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