Eventory, Inc. Announces Plans with Regal-Beloit Corporation.Business/Technology Editors BEDFORD, Mass.--(BUSINESS WIRE)--May 16, 2000 Eventory, Inc. today announced plans with Regal-Beloit Corporation (AMEX AMEX See: American Stock Exchange :RBC RBC red blood cell. RBC or rbc abbr. red blood cell RBC, n See red blood cell count. RBC red blood cells; red blood (cell) count (see blood count). ), a $540 million industrial manufacturer, to assist Regal-Beloit's distributors of power transmission, electric motors and generators, and cutting tool products to go online with 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. . Under the program, Regal-Beloit will provide their product data in electronic format to Eventory. Distributors who contract for an e-commerce web storefront with Eventory will have the Regal-Beloit catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. content available at no cost. The product data will be maintained, and new products can roll out to the market rapidly through Eventory-powered distributors. "Distributors today are faced with having to adopt e-commerce," said James L. Packard, Chairman, President and 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 Regal-Beloit, "The decision on how to do this has not been clear and it is something most distributors will have difficulty affording on their own. We don't want to sell around our distributors online, so we are going to make one of the choices easier and lower cost for all of our distributors wishing to participate. With all our different companies, we have at least 2000 distributors in all size ranges. The neat thing about Eventory is regardless of distributor size, this program is affordable." To insure Insure can mean:
"We are excited to be working with an industrial leader such as Regal-Beloit", said Jon Cohen Dr. Jon Cohen is a doctor and politician in New York. He practices medicine in Nassau County and has been active in medicial management. In 2004 he was a health care policy advisor to the Presidential Campaign of Massachusetts Sen. John Kerry. , Eventory CEO, "Manufacturers are increasingly concerned about e-commerce enabling their supply chains. Partnering with Eventory ensures that Regal-Beloit gets their much-needed products to their end customers, while maintaining the valuable relationships they have cultivated cultivated, n in herbal medicine, used to describe plants that are commercially farmed rather than collected from the wild. with their distributors." "It is important for manufacturers who rely on industrial distributors to find ways to help them engage in e-commerce", said Mr. Packard. "We especially like that Eventory is very distributor-focused." Eventory, Inc. (www.eventory.com) is a privately-held B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Application Service Provider. The company develops and provides e-commerce applications services for the industrial supplies industry. Eventory's solution enables industrial distributors to conduct their business though an integrated e-commerce network that maintains the distributor's unique identity while leveraging the resources of the entire network. In the U.S. alone, an estimated $200 billion in annual sales are transacted through tens of thousands of independent distributors, mostly privately held. For further information, visit the company's web site, http://www.eventory.com.. Eventory is headquartered in Bedford, MA. Regal-Beloit Corporation is a leading manufacturer of mechanical and electrical motion control products serving a broad array of markets throughout the world. The Company prides itself on consistent, fast delivery of quality products which meets the customer's specific needs. Their products are at the heart of what drives your world. Almost every activity encountered is affected by motion and the control of motion, making Regal-Beloit products a necessary, rather than an optional component of our world. Regal-Beloit Corporation (www.regal-beloit.com) is a Wisconsin corporation listed since 1976 on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol RBC. Sales revenue in 1999 was $544,632,000. |
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