Perfect Storms Net Markets Maximizing Catch of the Day; GoTradeSeafood.Com Selects Perfect Sourcing Solution To Sell $140 Million of Catch.Business/Technology Editors and Food Writers BOSTON--(BUSINESS WIRE)--July 25, 2000 GoTradeSeafood.com, the largest 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 seafood trading network with 1600 members in 60 countries, has chosen the leading sourcing and commerce intelligence solution, PerfectMarket(sm), to maximize its daily sales potential. Available in Fall 2000, GoTradeSeafood.com will utilize PerfectMarket on its exchange to increase supplier and buyer transaction volume. "We started and grew GoTradeSeafood to its present stature with a manual negotiation system," said Jerry ten Brink, 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 GoTradeSeafood. "We're very excited about our integration with Perfect because it automates this whole process and will scale to meet the needs of our rapidly expanding marketplace. We expect Perfect to triple our business volume within six months because participants can set business rules that will bring them more deals that meet their criteria." "The powerful combination of GoTradeSeafood's domain expertise with the PerfectMarket(sm) platform will allow this already thriving market to catapult catapult (kăt`əpŭlt'), mechanism used to throw missiles in ancient and medieval warfare. At first, catapults were specifically designed to shoot spears or other missiles at a low trajectory (see bow and arrow). to the next generation of functionality," said Kevin Surace, president and CEO of Perfect. "With the number of participants in this exchange already, it will be like shooting fish in a barrel for GoTradeSeafood to quickly match buyers and sellers and facilitate the closing of deals." Conditions for the perfect market, like the perfect storm, require the convergence of key factors. As exchanges build up transaction volume and history using PerfectMarket(sm), the service provides additional revenue for Net market makers. It will also offer Net market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. real-time feedback and analysis that allows them to quickly adapt to changing market needs. About GoTradeSeafood.com Launched in August of 1999, GoTradeSeafood.com, GoFresh.com, and GoFrozen.com exchanges have over 1600 member companies and manage product offers of over $140 million per month from 60 countries. GoTradeSeafood's trading format gives seafood industry participants a tool to acquire or sell inventory with users maintaining complete control of their inventory, pricing decisions and strategy. For more information, please visit www.gotradeseafood.com. About Perfect.com, Inc. Perfect provides an advanced sourcing solution to the world's leading trading exchange platforms, Net markets, and private exchanges. The company's suite of services, PerfectMarket(sm), is a customizable, automated, multi-dimensional RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) environment that can be rapidly deployed with minimum time and expense--driving inefficiencies out of sourcing and giving exchanges new revenue with commerce intelligence. Perfect was founded in 1999 and is based in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. . Its investors include SOFTBANK Venture Capital (www.sbvc.com), New Enterprise Associates, Allen & Co., Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. , NeoCarta Ventures, Odyssey Odyssey (ŏd`ĭsē): see Homer. Odyssey Homer’s long, narrative poem centered on Odysseus. [Gk. Lit.: Odyssey] See : Epic Odyssey Capital Group, Primedia Ventures, Steanberg Private Capital, and Angel Investors An individual who invests his or her own money in a private company, which is typically a startup. An angel investor is not an employee or member of a bank, venture capital firm or other financial institution that normally makes such investments. LP. For more information, please visit www.perfect.com. |
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