IRON Solutions Endorses Bidpath as Featured Auction Solution.Business Editors/Technology Writers SEATTLE--(BUSINESS WIRE)--April 24, 2001 Bidpath Corporation(TM) today announced that it has been selected and endorsed by IRON Solutions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the technology company of the Dealer Associations in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , to provide agriculture equipment listings and live online auctions to the IRON Solutions online community, and auction automation software to its affiliates. Bidpath develops software that automates conventional auction companies and distributes their merchandise to targeted buying communities on the Web. Under the terms of its agreement with IRON Solutions, Bidpath will enable its customers dealing in agriculture and industrial equipment to showcase their merchandise listings on the ironsolutions.com Web site, which serves farmers, equipment dealers and now auctioneers. These auction listings will be visible to the more than 5,000 daily visitors to IRON Solutions Web site. Bidpath will be a featured live auction service provider on ironbid.com, which will enable members to bid live over 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 for assets featured in Bidpath's onsite auction events. IRON Solutions will endorse To sign a paper or document, thereby making it possible for the rights represented therein to pass to another individual. Also spelled indorse. endorse (indorse) v. Bidpath's live auction service and its auction automation tools for more than 300 auction company members. Bidpath will also enable its customers using Bidpath Auction Manager(TM) to interoperate See interoperable. with IRON Solution software tools such as IRON Manager for inventory management and real time appraisals. "Our partnership with IRON Solutions instantly makes Bidpath the most compelling auction automation service provider for agriculture and industrial auction companies," said Scott Laster, Bidpath 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. and president. "We can now expose an auctioneer's assets to the largest nationwide network of agriculture equipment dealers and purchasers." "Bidpath's approach to automating auctioneers is the most sophisticated we've seen. We believe it will emerge as the solution of choice for agricultural equipment auctioneers in North America," said Merlyn Friesen, CEO of IRON Solutions. "And we are excited to present our audience with the advanced technology of Internet bidding in live auctions from which farmers and dealers can source used and surplus equipment from the most prominent auctioneers in the country." IRON Solutions is committed to assisting dealers in sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a , marketing and equipment evaluations. Auctioneers play significant roles in helping dealers to find new markets, liquidate To pay and settle the amount of a debt; to convert assets to cash; to aggregate the assets of an insolvent enterprise and calculate its liabilities in order to settle with the debtors and the creditors and apportion the remaining assets, if any, among the stockholders or owners of the excess equipment, and establish wholesale value baselines. IRON Solutions' business partnership with Bidpath is designed to strengthen the ability for dealers and auctioneers to work together. About IRON Solutions IRON Solutions, LLC (www.ironsolutions.com) is the technology and services company created as a partnership between the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Equipment Dealers Association (NAEDA NAEDA North American Equipment Dealers Association ), the regional Dealer Associations and Central Communications. They provide Sales Management Solutions, publish the Official Guide for Used Equipment, and offer Internet resources and other new technologies. About NAEDA The North American Equipment Dealers Association (www.naeda.com), based in St. Louis, Mo., provides a variety of services to agricultural, industrial and outdoor power equipment dealers through a network of U.S. and Canadian regional affiliated associations. Association services include legislative representation, educational programs, annual financial surveys, monthly magazine and financial programs. About Bidpath Founded in 1999, Bidpath Corporation (www.bidpath.com) offers a fully integrated system that allows auctioneers to market their auction events more effectively and manage their day-to-day operations more efficiently. Bidpath also brings the urgency and excitement of physical auctions to the Internet. Bidpath is the only company to automate To turn a set of manual steps into an operation that goes by itself. See automation. commercial auctioneers, distribute their merchandise to targeted online buying communities, and enable them to conduct live auctions on the Internet all with one software and hardware system. Bidpath is headquartered in Seattle, Wash. |
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