Floraplex Begins Real-Time Trading Today.ORLANDO, Fla.--(BUSINESS WIRE)--May 14, 1999-- World Commerce Online, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:WCOL WCOL Write Collision ), using its Global Commercial Network technology to develop Floraplex(TM)(www.floraplex.com), announced today that its pilot group of floral industry Floral industry is one of the major industries in many developing and underdeveloped countries. Floriculture as an industry began in the late 1800s in England, where flowers were grown on a large scale on the vast estates. members will begin real-time floral transactions using Floraplex(TM) on Friday, May 14th. Floraplex(TM) has been in a training and system modification pilot phase since mid-February. The pilot group participants include 35 of the top U.S. wholesale florists with over $750 million in annual sales, 6 upper tier Miami importers, leading European exporters, and top growers from South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . Bob Shaw
A variety of Floral Industry professionals from all parts of the U.S. will be part of the initial day of trading. Growers, importers and wholesalers will transact business electronically via Floraplex(TM); even growers from as far away as South America will be included in the trading as well. Keith Money, Executive Vice-President of Sales and Marketing said, "Today's trading is a culmination of nearly 4 years of hard work and the beginning of the future of global trading in perishable products. Floraplex(TM) is the first business to business e-commerce model that serves every segment of an industry world-wide." Members invited to participate in this historic day of real time trading on Floraplex(TM) include: Elite Farms of Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. , a leading importer of Colombian, Ecuadorian, and other Latin American flowers; Flortec of Quito, Colombia, one of the largest sellers of baby's breath baby's breath, name for a plant of the family Caryophyllaceae (pink family) and for several other flowers, e.g., white bedstraw of the family Rubiaceae (madder family) and grape hyacinth of the family Liliaceae (lily family). , snapdragons and other specialty flowers; William F. Puckett, Inc. of Barberville, Florida Barberville is a town in Volusia County, Florida, United States. It is located at the intersection of State Road 40 and US 17. Geography Barberville is located at (29.18694, -81.42111). is one of the nations leading growers of ferns and other greens; Bill Suyeyasu Wholesale Florist of Fremont, California, one of the largest floral distributors in northern California; Delaware Valley Wholesale Florists of Sewell, New Jersey is the largest U.S. wholesale florist under one roof; West Michigan Floral of Grand Rapids, Michigan “Grand Rapids” redirects here. For other uses, see Grand Rapids (disambiguation). Grand Rapids is a city in the U.S. state of Michigan. As of the 2000 census, the city population was 197,800. is the floral industries largest wholesale bouquet provider in the Midwest; Mears Floral Products of Springfield, Missouri, they have become the hub for fresh cut flowers, greens, and hard goods in the mid-west; Dillon Floral Corporation of Bloomsburg, Pennsylvania is the number one rose grower in the state; and Kennicott Bothers of Chicago, Illinois has been a top wholesaler for 120 years. Floraplex(TM) is the floral industry's only secure global Internet e-commerce business to business and business to consumer trading and communications network. Floraplex(TM) features industry news stories, educational forums, e-mail, chat rooms, video conferencing, floral libraries, care and handling tips, and new product features. Floraplex(TM) incorporates a payment financing system that delivers payment within 48 hours of product receipt, while allowing the buyer to maintain the 30-45 day terms he is currently accustomed. Eliance, provider of e-commerce payment solutions and current strategic partner with World Commerce Online Inc., lends its eSourcing(TM) technology to facilitate the Floraplex(TM) banking system. World Commerce Online, Inc., founded in 1996, uses its technology to create Global Commercial Networks and Trading Systems. Floraplex(TM) is the first of these systems. World Commerce Online, Inc. also develops Private Commercial Networks providing secure e-commerce and communications for individual companies, municipalities, institutions and associations. This release is intended as a forward-looking statement 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. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to provide e-commerce technology in the future, (ii) Unexpected changes in the e-commerce/internet market, (iii) The success of the Company's expansion and marketing strategies (iv) Competition within the e-commerce internet market (v) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing. |
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