CoreMarkets Strikes Strategic Alliance with SGS Minerals Services.Business Editors NEW YORK--(BUSINESS WIRE)--July 20, 2000 Alliance provides CoreMarkets' participants online access to leading international quality control and risk management services CoreMarkets, the only online digital marketplace and exchange exclusively dedicated to the 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. and bulk ore markets, has entered into a strategic partnership with SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions Minerals Services to provide CoreMarkets' online participants with seamless access to industry-leading quality control and risk management services. The alliance adds another high-profile partner to CoreMarkets' quickly emerging line-up of online service providers. Earlier this month, CoreMarkets announced that it had entered into a similar relationship with Fortis Bank to provide banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . The deal with SGS provides CoreMarkets' participants access to a network of some 850 offices and subsidiaries with laboratories in 140 countries. "SGS' clear global leadership allies us with a powerful player in the marketplace, one that will deliver real value and efficiency for our participants," says Laurence Goldfarb, Vice President of 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. for CoreMarkets. "As with our other international partners, SGS will provide online access for CoreMarkets buyers and sellers, extending to them a highly efficient means of assuring quality control and managing the risk inherent in the ferro alloy and bulk ore industries." Since launching in June, 2000, CoreMarkets has quickly established itself as an important online commodity exchange in the 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 industry with hundreds of traders logging on daily to view and post listings. "We believe that CoreMarkets has taken an exciting new, online approach to streamlining the buying and selling of ferro alloy and bulk ore and are supporting that approach with the industry know-how and expertise needed to succeed in this marketplace," says Vincent Mazzone, SGS eBusiness, Global Marketing & Alliances. "CoreMarkets' unique solution of bundled services will greatly improve the efficiency of the marketplace and provide real competitive advantages to both buyers and sellers worldwide." At the same time, CoreMarkets views SGS' long tradition of excellence as a keystone key·stone n. 1. Architecture The central wedge-shaped stone of an arch that locks its parts together. Also called headstone. 2. The central supporting element of a whole. of its success moving forward. "SGS' 100 years of operating experience, its worldwide leadership and excellent reputation complements our commitment to aligning a·lign v. a·ligned, a·lign·ing, a·ligns v.tr. 1. To arrange in a line or so as to be parallel: align the tops of a row of pictures; aligned the car with the curb. ourselves with only top industry players in order to make that expertise available to our online participants," Goldfarb says. "We believe that SGS' choice to partner with CoreMarkets speaks volumes about our model and its place within the industry." About SGS Group The SGS Group is the clear global leader and innovator in verification, testing and certification services. Founded in 1878, the SGS Group is recognized as the global benchmark for the highest standards of expertise, quality and integrity. The SGS Group operates a network of 850 offices and subsidiaries and 340 laboratories in 140 countries. e-commerce is a natural extension of the SGS role in trade, which is to bring trust to trade transactions. SGS builds trust between buyers and vendors in eMarketplaces, and is committed to bringing SGS to the same leadership position on-line as they do in off-line trade today. Utilizing the SGS worldwide verification and reporting network (over 30,000 employees across 140 countries, established over 120 years), SGS provides the confidence buyers and sellers need to transact An earlier e-commerce system for the Web from Open Market that included order capture and secure order fulfillment using credit cards, ecash and other payment systems. It included customer service and subscription administration capabilities as well as an integrated database for reporting on the net, linking the virtual world to the real. 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 delivers a neutral, non-aligned trading environment, one 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. In addition to buying and selling, CoreMarkets (www.coremarkets.com) offers a complete complement of ancillary Subordinate; aiding. A legal proceeding that is not the primary dispute but which aids the judgment rendered in or the outcome of the main action. A descriptive term that denotes a legal claim, the existence of which is dependent upon or reasonably linked to a main claim. services, including financing, risk management, insurance, freight forwarding and warehousing. The company, with offices in China, 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. , 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. , and supports strategic partnerships with many of the industries leading participants. For more information about CoreMarkets, contact Garrett Allen or Greg Matusky at 610/642-8253. |
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