Printer Friendly

EXPORT HOTLINE GAINS NEW USERS -- OFFERS MORE DATA ON WORLD MARKETS

 CHICAGO, March 7 /PRNewswire/ -- KPMG Peat Marwick, in cooperation with AT&T (NYSE: T) and several multinational corporations and two U.S. trade associations, has expanded its one-year old Export Hotline service to offer users more information about doing business in international markets. The Export Hotline is a nationwide fax-back information service designed to help U.S. companies explore worldwide markets.
 The Export Hotline's computerized database contains reports on key industries of all major trading partners of the United States, plus reports on basic business environment and trade regulations of those countries. Announcement of the enhanced services was made during National Manufacturing Week, a trade exhibition held annually in Chicago that attracts manufacturing executives from around the world.
 In response to feedback from users, the Export Hotline has added the following enhancements to its database:
 -- Information about 10 more countries, bringing the total to 78 countries.
 -- Some 1,200 new reports; the database now contains over 4,200 reports.
 -- An electronic business directory that allows U.S. companies to be listed in the database.
 -- New reports regarding the North American Free Trade Agreement (NAFTA), the European Community (EC), and other topics on world trade.
 Since it was first introduced in February 1992, the Export Hotline has registered over 17,800 companies across the U.S. and issued more than 100,000 reports. During its first year in operation, the Export Hotline's largest user group consisted of companies with 10 or fewer employees (53 percent) and annual sales of $5 million or less (65 percent).
 Using a fax-back technology, the Export Hotline enables callers to use their fax machines to retrieve trade reports from a computerized database, and have the reports delivered instantly via their fax machine. The service is free except for the cost of the phone call to retrieve a report.
 Reports on Mexico represented the most frequent request, followed by reports on countries of the former USSR, Germany, Japan, Brazil, Canada, Argentina, and China. Users were most interested in country profiles, key contracts and trade, risk and investment issues. Industries of greatest interest included construction, textiles, medical equipment, computers, agricultural products, telecommunications, and food products.
 Michael E. Lavin, partner in charge of KPMG Peat Marwick's manufacturing practice, cites the Export Hotline as an example of large organizations helping small and mid-size businesses gain access to timely information about world trade. "Big companies often have the resources to evaluate the potential of new international markets. Small and mid-size companies may not have the budgets to support such research, yet they represent a vital, fast-growing sector of the U.S. economy," he said. "KPMG Peat Marwick has been a co-sponsor of the Export Hotline since its inception," he continued. "We understand that access to relevant information is the first barrier many smaller companies must overcome when seeking to expand their business internationally. The Export Hotline enables them to obtain this information in a cost efficient manner."
 Co-sponsors of the Export Hotline include KPMG Peat Marwick; AT&T, Delta Air Lines; Business Week; Journal of Commerce; Wolf, Greenfield & Sacks, P.C.; the National Association of Manufacturers (NAM); and the United States Council for International Business. The Export Hotline is managed by International Strategies, Inc., Boston, and is fully supported by the U.S. Department of Commerce.
 Jim Pagos, AT&T's director of international business services said, "As the leading provider of worldwide business telecommunications services, AT&T is committed to providing all U.S. companies with access to information critical to their business success at home and abroad. The Export Hotline gives them a new tool to reach expanding world markets."
 To access the Export Hotline, users first dial toll-free 1-800-USA-XPORT to receive a 4-page brochure describing the service. Registration for the service is free. Once registered, users may place unlimited calls from their fax machines to the Export Hotline to retrieve reports 24 hours a day, seven days a week. Users pay only for the cost of their long distance telephone calls.
 Through 135 offices in the United States, KPMG Peat Marwick provides industry-specific accounting, taxation, and consulting services to a broad range of businesses and other organizations in the financial, commercial and service sectors. The worldwide KPMG network has more than 76,000 people operating in 125 countries.
 -0- 3/7/93
 /CONTACT: Ruth Groth, press representative of KPMG Peat Marwick, 312-938-2032/
 (T)


CO: KPMG Peat Marwick, AT&T ST: Illinois IN: TLS SU: PDT

TM-LD -- NY001 -- 3737 03/07/93 10:00 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 7, 1993
Words:745
Previous Article:TNT FREIGHTWAYS CORPORATION ANNOUNCES STOCK REPURCHASE
Next Article:WDIV-TV REPORTS SUCCESSFUL 1993 EASTER SEAL TELETHON
Topics:


Related Articles
HOTLINE LINKS EXPORTERS WITH OVERSEAS MARKETS; NEW SERVICE TO BE UNVEILED IN CHICAGO ON TUESDAY, FEB. 25
AT&T INTRODUCES 'THE EXPORT HOTLINE' PROVIDING WORLD TRADE INFORMATION FOR U.S. BUSINESSES
AT&T INTRODUCES THE EXPORT HOTLINE; WORLD TRADE INFORMATION FOR U.S. BUSINESSES
LEARN ALL ABOUT NAFTA AND MORE -- BY FAX
Doing business via fax: facsimile services that let you trade information.
Trade information hotline.
CENTERIOR HOOKS INTO EXPORT HOTLINE
Embarcadero's Data Modeling Solution, ER/Studio Version 2.6, Introduces Major Performance and Meta Data Management Improvements
SGI Confirms Settlement of 1996 Export Licensing Matter.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters