Egghead.com Launches Online Volume Pricing Center Powered by NexTag; Businesses Customers Can Now Instantly Negotiate Volume Discounts Online.Business Editors SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. & MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--July 10, 2000 NexTag Nextag is a comparison shopping website. History NexTag was founded, in 1999 by Stanford graduates Purnendu Ojha, Rafael Ortiz, and a programmer Franklin Schmidt who left the company in 2002. , (www.NexTag.com), a leading Exchange application service provider, and Egghead.com, Inc. (Nasdaq:EGGS), a leading 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 technology retailer, today announced that NexTag will power a Volume Pricing Center for Egghead.com(R), Inc.'s business customers. NexTag has built a network of exchanges based on a Nasdaq-like model in which all products and services are openly viewed and traded based on current market conditions. Buyers and sellers can change their prices in real time based on supply and demand in order to close deals. Unlike auctions, the NexTag Exchange enables buyers and sellers to make great deals quickly for more than 2.5 million new and used products and services in more than 30 categories. Egghead.com has been a featured seller throughout the NexTag Exchange Network since NexTag's launch in August 1999. When Egghead.com decided to open a Volume Pricing Center within its highly-trafficked online business center, NexTag and Egghead.com were able to implement a customized solution in just a few weeks for a fraction of the cost of similar solutions. NexTag has tailored its exchange software to meet the needs of Egghead.com's valuable business customers, allowing them to instantly negotiate quantity and corporate discounts online. The Benefits of an Online Volume Pricing Center Egghead.com's Volume Pricing Center provides a faster, easier way for businesses to receive quotes on products for their business -- without picking up the phone or going through a formal request for proposal. Plus, Egghead.com's customers can instantly compare prices among different brands or models. NexTag provides a scalable solution that will allow Egghead.com to automate To turn a set of manual steps into an operation that goes by itself. See automation. many interactions with their business customers. Deals can close quickly, benefiting both Egghead.com and the customer. "We looked at a number of options for adding an online negotiation solution for our corporate customers and decided that NexTag's was the best of breed based on factors such as the power search and product comparison features. NexTag's solution allowed us to quickly offer our customers a great way to get volume pricing while reducing our operating costs operating costs npl → gastos mpl operacionales at the same time," said Jeff Sheahan, president and COO (Cell Of Origin) See mobile positioning. of Egghead.com. Egghead.com is now able to instantly change prices depending on any number of factors such as buyer demand, new product introductions, competitive pricing, inventory levels, quantity requested, etc. Egghead.com is also able to gather important customer information regarding the purchasing habits of their customers: how often they buy, what they buy, at what prices, how much they are willing to pay, etc. "Serving the valuable business segment online requires a system with the flexibility to integrate all the benefits found in earlier 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. models, such as fixed-price selling, auctions, and reverse auctions," said Purnendu Ojha, 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 NexTag. "Our Exchange technology enables leading web sites such as Egghead.com to add dynamic pricing to their sites in order to better serve their corporate customers and increase sales." In addition to volume pricing centers and exchanges NexTag is an application service provider of online stores and clearance centers for manufacturers and retailers. About NexTag, Inc. Based in San Mateo, NexTag is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with the mission to create a network of exchanges to trade products and services. With its patent-pending technology, NexTag enables buyers and sellers to obtain great deals on millions of new and used products. Founded in 1998, NexTag is funded by Morgenthaler Ventures. To use the NexTag Exchange and find additional information about the company, visit www.NexTag.com. About Egghead.com The new Egghead.com is a leading Internet retailer specializing in technology products for the office and home. Egghead merged with Onsale, Inc. in November 1999, and offers a wide range of items from computer hardware and software to consumer electronics, sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport and vacation packages. Its auction site offers bargains on excess and closeout closeout, closure the finalization of a feeding program in a feedlot. The cattle are sold and a balance sheet is struck which includes the costs of feeding and housing or confining them. goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . Egghead.com combines broad selection, low prices and excellent service to provide an outstanding online shopping experience for businesses and consumers. Egghead.com is located on the Internet at www.egghead.com. With the exception of statements regarding historical matters, this press release may contain "forward-looking" statements, including projections about the company's business, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense future tense n. A verb tense expressing future time. Noun 1. future tense - a verb tense that expresses actions or states in the future future , and statements that the company "expects," "plans," "estimates," "anticipates" or "believes," are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These forward-looking statements are based on information available to the company at the time of this release and the company assumes no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance and actual results could differ materially from the company's current expectations as a result of numerous factors. For example: additional issuances of the company's common stock may have the effect of lowering the market price of the company's shares; it may be more difficult than the company anticipates, as a result of continued strong competition, to increase the company's customer base average spending or gross margins; and the company may encounter unexpected difficulties in implementing its business plans. These and other risks and uncertainties associated with the company's business are detailed in certain of the company's SEC filings and are available through www.sec.gov. Note to Editors: Egghead.com and Onsale are registered trademarks of Egghead.com, Inc. All other trademarks are of their respective holders. |
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