Engel Joins Omnexus E-Commerce Venture.Last month, Engel Engel means angel in German, Danish, Dutch and Norwegian and may refer to:
York, Ont.: see Toronto, Ont., Canada. York, city, England York, city (1991 pop. 123,126) and district, North Yorkshire, N England, at the confluence of the Ouse and Foss rivers. , Pa., became an equity holder in Omnexus, the Atlanta-based on-line electronic marketplace for plastics. Engel's move makes it the first equipment supplier to become an Omnexus stakeholder stakeholder n. a person having in his/her possession (holding) money or property in which he/she has no interest, right or title, awaiting the outcome of a dispute between two or more claimants to the money or property. . Previously, its partners consisted of 14 materials suppliers. (The most recent of the latter to join up is Atofina of France, whose U.S. operations are in Philadelphia and Houston.) An Omnexus spokesman claims Engel's decision provides "tangible evidence" of the firm's intent to push machinery and spare-parts buying via the 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 . Within months, the official said, Omnexus plans to launch programs to facilitate on-line machinery sales. They would primarily involve capabilities for product searches and quoting rather than direct on-line sales of new machines, the source added. Omnexus has said it would also like to offer tooling and MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. (maintenance, repair, overhaul) products. |
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