CrossMarket Corporation Launches First Business-to-Business Online Marketplace for Specialty Item Retailers and Manufacturers.MEDFORD Medford. 1 City (1990 pop. 57,407), Middlesex co., E Mass., a residential and industrial suburb of Boston, on the Mystic River; settled 1630, inc. as a city 1892. Wax, paper, clothing, and furniture are among its products. , Mass.--(BUSINESS WIRE)--April 14, 1999-- The Internet's first business-to-business auction for giftware, housewares house·wares pl.n. Cooking utensils, dishes, and other small articles used in a household, especially in the kitchen. , tabletop and specialty-item goods is open CrossMarket Corporation launched the Internet's first business-to-business online marketplace specifically for giftware, housewares, tabletop and specialty items, Friday, March 26, 1999, on the World Wide Web at http://www.crossmarket.com. The auction runs through April 14 and will be followed by subsequent auctions and fixed-price sales on a continuous basis. The crossmarket.com site allows manufacturers of high-end retail products to expand their distribution channels of specialty retailers, while allowing these retailers to make better purchasing choices. Suppliers participating in the crossmarket.com online marketplace include All-Clad Metalcrafters, American Greetings American Greetings Corporation, Inc. NYSE: AM is the world's largest publicly-traded greeting card company. It is based in Cleveland, Ohio and sells paper greeting cards, electronic greeting cards, party products (such as wrapping papers and decorations), and electronic , Chilmark, Concepts 4, Darchang Carpets, Les Amis, Lifetime Hoan Corporation (which manufactures Farberware and Hoffritz), Luna Garcia, Melannco, Retroneu, Sheridan, Silvestri, Sterling Art Glass and Towle Silversmiths The renowned Towle Silversmiths, founded in 1690, is one of the most prestigious silver manufacturers in the United States. History The Moulton silversmiths dynasty is said to have the longest continuous span of silversmithing of any American family. . Response has been very positive from both the suppliers and retailers involved in this launch event. Products span the gamut See color gamut. gamut - The gamut of a monitor is the set of colours it can display. There are some colours which can't be made up of a mixture of red, green and blue phosphor emissions and so can't be displayed by any monitor. of merchandise from stationery The term for boilerplate in the Eudora mail client, starting with Version 3.0. Stationery files are stored on disk and brought into new messages or added to replies. See boilerplate. and collectibles to vases and floor coverings. "The retailer and supplier communities have been very receptive receptive /re·cep·tive/ (re-cep´tiv) capable of receiving or of responding to a stimulus. to the launch auction thus far and the retailer activity has been heavy. We look forward to adding additional suppliers to provide retailers with more merchandise options daily," commented Mark R. Florence, president of CrossMarket Corporation. Suppliers interested in participating in this online marketplace may call Andrew F. Matus, vice president of sales at 781/393-4411. Retailers may register directly on crossmarket.com at no charge. "As a supplier, we have been struggling with ways to better partner with our smaller retailers, who are a significant part of our customer base. Crossmarket.com will provide us with a cost effective and time-efficient method for reaching and expanding our smaller retailer base," states Mr. Morry Weiss, chairman and chief executive officer of American Greetings Company. Mr. Weiss went on further to say, "Unlike other Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the solutions that we have been presented with, crossmarket.com allows us to maintain our distribution channel integrity since it is for retailers only. Besides, it is easy to get started and there is no cost to participate, so I can evaluate crossmarket.com risk free." "As a time-crunched boutique Boutique A small investment firm specializing in offering specific, but limited services to a select number of individuals. Notes: These investment firms are the alternatives to large financial supermarkets. They provide a highly personalized environment for investing. owner of upscale giftware and specialty items, crossmarket.com provides me with a convenient way to purchase brand name products. I will now be able to evaluate and purchase merchandise from the convenience of my home or office anytime, since crossmarket.com is available 7 days a week, 24 hours a day," states Robbie Ponoroff, JP Crystal's owner. "And, since crossmarket.com provides detailed photos and descriptions of literally hundreds of quality brands that I have had in my store for years, I know exactly what I am buying." About CrossMarket Corporation Headquartered in Medford, Massachusetts Medford is a city in Middlesex County, Massachusetts, in the United States, on the Mystic River, just a few miles north of Boston. In the 2000 census, Medford's population was 55,765. It is the home of Tufts University. , crossmarket.com is the first Internet business-to-business marketplace specifically for giftware, housewares, tabletop and specialty items. With 45 years of combined experience in retail, product management and cutting-edge technology, entrepreneurs Mark R. Florence, president, and vice presidents Andrew F. Matus, Jayson H. Score and Richard M. DeFuria formed CrossMarket Corporation in 1998. For more information on CrossMarket Corporation's service, visit us on the World Wide Web at http://www.crossmarket.com, call us at 781/393-4411 or send e-mail to info@crossmarket.com. |
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