CoreMarkets Acquires MRM Corporation to Strengthen International Presence for its Online Exchange.Business Editors/Hi-Tech Writers NEW YORK--(BUSINESS WIRE)--June 22, 2000 Acquisition Provides CoreMarkets Representation in Key Far East market; MRM MRM Marketing Resource Management MRM Mobile Resource Management MRM Metabolic Response Modifiers MRM Multiple Reaction Monitoring (mass spectrometry) MRM Mormonism Research Ministry MRM Mechanically Recovered Meat Owner and President Steve Vago Named CoreMarket's President, Ferro Alloy alloy (ăl`oi, əloi`) [O. Fr.,=combine], substance with metallic properties that consists of a metal fused with one or more metals or nonmetals. Division CoreMarkets, the only online digital marketplace and exchange exclusively dedicated to the ferro alloy and bulk ore markets, announced today that it has acquired MRM, an international ferro alloy trading firm, and named its top executive, Steve Vago, president of CoreMarket's ferro alloy division. Under the agreement, CoreMarkets will absorb MRM's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Beijing offices. The deal provides CoreMarkets with critical management expertise in operating in the Far East and offers strong on-the-ground representation in China, where CoreMarkets representatives will work with established producers to list materials online and benefit from CoreMarket's logistics and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . CoreMarkets is the first online commodities exchange dedicated exclusively to linking buyers and sellers of ferro alloys This is a list of alloys for which an article exists in Wikipedia (or is proposed but not yet written). They are grouped by base metal, in order of increasing atomic number. Within these headings they are in no particular order. and bulk ores in a neutral, non-aligned trading environment designed to extend the reach of all participants by providing frictionless Fric´tion`less a. 1. Having no friction. Adj. 1. frictionless - lacking all friction; "a perpetual motion machine would have to be frictionless" access to trading information. China produces an estimated 25% of the world's ferro alloy and bulk ore supply. "Our mission is to link the efficiencies of online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. with the existing ferro alloy industry to streamline the buying and selling of industrial materials," says Howard Feldman, 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 CoreMarkets. "The acquisition of MRM provides critical staff and expertise in a key market for our industry, and plays well with our global strategy to support our online presence with real-world talent and expertise in the very markets where material is mined and produced." Vago, who founded MRM in 1994, opened the Beijing office in 1995. Since then, Vago has developed standing relationships with steel companies worldwide, as well as all major Chinese ferro alloys converters and producers. Prior to founding MRM, Vago held a succession of trading positions within the ferro alloy and bulk ore industries, having worked for AIOC AIOC Azerbaijan International Operating Company AIOC Anglo-Iranian Oil Company AIOC Acceptable Initial Operating Capability Corporation as director and senior vice president, Sassoon Metals, Bomar Resources, and Philipps Brothers. "Online trading represents the wave of the future for the ferro alloy and bulk ores industries," says Vago. "This acquisition provides MRM a means of being part of this vital new direction in the industry, and offers CoreMarkets tremendous credibility in the Far East, as well as access to buyers in markets throughout the world." In addition to its Beijing presence, CoreMarkets is moving quickly to establish international field offices to serve markets around the world. The company already has established offices in Russia, Israel and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. with immediate plans to open additional locations in Europe. The company is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . About CoreMarkets CoreMarkets is the world's first online digital marketplace dedicated to the international trading of ferro alloys and bulk ores. Unlike simple business-to-business industry Web sites, CoreMarkets unveils first online ferro alloy and bulk ore exchange. CoreMarkets delivers a neutral, non-aligned trading environment designed to extend the reach of all participants by providing frictionless access to trading information. In addition to buying and selling, CoreMarkets (www.coremarkets.com) offers a complete complement of ancillary services, including financing, risk management, insurance, freight forwarding and warehousing. The company, with offices in China, Russia, Israel and South Africa, is headquartered in New York City, and supports strategic partnerships with many of the industries leading transportation, warehousing, insurance, financing and risk management players. For more information about CoreMarkets, contact Tony DeFazio, Garrett Allen or Greg Matusky at 610/642-8253. |
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