GlobalNetXchange Goes Live With Japanese Operations; GNX-J Management Team, Japanese Headquarters Announced.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Aug. 1, 2001 GlobalNetXchange (GNX GNX Global Net Exchange GNX Grand National Extra (Buick) GNX Gateway Network Exchange ), today announced the official launch of its Japanese subsidiary GlobalNetXchange-Japan (GNX-J). The GNX-J platform and a complete Japanese language Japanese language Language spoken by about 125 million people on the islands of Japan, including the Ryukyus. The only other language of the Japanese archipelago is Ainu (see Ainu), now spoken by only a handful of people on Hokkaido, though once much more widespread. website, including the Marketplace auction negotiating tool, are now operational. Japanese retailers MYCAL Corporation and The Daiei, Incorporated have finalized See finalization. partnership agreements and completed pilot transactions through GNX-J. The company also announced the appointment of Hirobumi Iitsuka, formerly of Oracle Corporation in Japan, as President of GNX-J, and the establishment of its Japanese corporate headquarters in Tokyo. "The appointment of Mr. Iitsuka and the opening of our office in Tokyo represent the final steps towards formalizing our presence in Japan, while the availability of the auction tool and Japanese-language website represents our readiness to serve the Japanese retail industry. We are very pleased with the development of GNX-J and our partners' commitment to using the services we provide," said Joe Laughlin, 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 GlobalNetXchange. "We invite additional Japanese retailers, wholesalers and manufacturers to join GNX-J to gain the competitive advantages our current partners around the world are achieving for their businesses." GlobalNetXchange, the leading global business-to-business online marketplace for the retail industry, announced in December the formation of GlobalNetXchange-Japan, a subsidiary to serve the unique needs of the retail industry in Japan. "We are trying to improve the business relationships among Japanese retailers, wholesalers, and suppliers through internet-based communications and transaction tools. We offer innovative services that meet the unique needs of the Japanese culture and business model," said Mr. Iitsuka, President of GNX-J. The GNX-J office is located at: 3-8 Kioi-cho Chiyoda-ku, Tokyo 102-0094 Daini-Kioi-cho building, 6th floor Telephone: 81 33 511 5466 About GlobalNetXchange GlobalNetXchange, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is the leading global business-to-business online marketplace open to all retailers and suppliers. GNX utilizes the Internet to connect trading partners across extended retail supply chains and to integrate supply with consumer demand. GNX equity partners include many of the world's largest retailers: Carrefour, SA; Karstadt Quelle; Kroger Co.; Metro AG Metro AG (ISIN: DE0007257503) is a diversified retail and wholesale/cash and carry group based in Germany. It has the largest market share in its home market, and is one of the most globalised retail and wholesale corporations. ; J. Sainsbury Plc; Coles Myer; Pinault-Printemps-Redoute SA; and Sears, Roebuck and Co. GNX is powered by Oracle Exchange, Oracle's online e-business marketplace. More information is available at www.gnx.com. About The Daiei, Incorporated Daiei is one of Japan's largest retailers, with 170 subsidiaries. Daiei is known as the only nationwide chain store operator in Japan. Not only supermarkets, Daiei also operates Lawson convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , discount stores, department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , and specialty stores Noun 1. specialty store - a store that sells only one kind of merchandise shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod" . Other operations include restaurants, hotels, and real estate businesses. Daiei is headquartered in Kobe, Japan. About MYCAL Corporation MYCAL, headquartered in Osaka, Japan, consists of more than 100 subsidiaries. The MYCAL operations include 300 MYCAL stores and Pororoca supermarkets, other specialty retailers, services and amenity a·men·i·ty n. pl. a·men·i·ties 1. The quality of being pleasant or attractive; agreeableness. 2. Something that contributes to physical or material comfort. 3. operations. Its Saty department stores feature apparel, food, and household items, and its Vivre chain offers high fashion and household goods. The company's MYCAL Town complexes combine the Saty and Vivre concepts plus banks, post offices, and other services. |
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