eDestiny.com Bridge Asia-To-America With Trans Pacific National Bank.Business Editors LAS VEGAS--(BUSINESS WIRE)--June 19, 2000 eDestiny, Inc., the leading e-commerce Asia-to-America (A2A A2A Access to Archives (UK) A2A Application to Application A2A Air-To-Air (weapon) A2A Administration-to-Administration A2A Any to Any ) e-distributorBX (business exchange) for the business-to-business products marketplace, announced that Trans Pacific National Bank will assist in providing "trade finance" for qualified eDestiny clients. This alliance will provide benefits to both companies. Trans Pacific will provide trade finance assistance for qualified eDestiny clients. And eDestiny will provide Web 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. space for Trans Pacific's import/export client inventories. "It takes an A2A company like eDestiny and a Web 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. like Danny to know our value as a partner to their new economy business," said Eddy S. F. Chan, Chairman & President/CEO of Trans Pacific National Bank. "There is a large void and need on the Web for Asia-to-America or America-to-Asia trade finance. Our International Trade Division is managed by a group of banking professionals with extensive experience in trade finance. Whether you are a first time exporter or importer, or a seasoned trader, we offer a wealth of insight and experience that can optimize your trade opportunities." "We have e-volved into a full service Asia-to-America dot-com import/export trading company," said Danny Y. Lee, Chairman & CEO of eDestiny. "You can buy products directly from Asia, know that eDestiny will locate the manufacturer, arrange shipping, partners to handle customs-related issues, partners to warehouse excesses, and now -- a partner bank that will assist with trade finance. Eddy and I have been friends for over 10 years. We chose Trans Pacific and Eddy for their reputations as being nimble nim·ble adj. nim·bler, nim·blest 1. Quick, light, or agile in movement or action; deft: nimble fingers. See Synonyms at dexterous. 2. and fast-paced. It is important that our customers receive an immediate answer and fast action from a knowledgeable banker when they have a trade finance need. In addition, we can now add new facet to our business model -- America-to-Asia." Trans Pacific National Bank is an independent commercial bank with offices in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Alameda Alameda (ăləmē`də, –mā`də), city (1990 pop. 76,459), Alameda co., W central Calif., on an island just off the eastern shore of San Francisco Bay; settled 1850, inc. as a city 1884. , and Belmont, Calif. Founded in 1984, Trans Pacific offers financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to entrepreneurs, middle-market businesses, and professional companies, as well as international trade finance to import-export firms. Services includes: Back-to-back letters of credit, import/export letters of credit Import/export letters of credit Bank or financial institution issuance's of funds in a certain amount provided to facilitate international trade. , foreign & domestic collections, foreign exchange and wire transfers. eDestiny is the leading e-commerce Asia-To-America e-distributor for the business-to-business products marketplace, with active e-clearinghouses for the automotive, computer, construction, food service, gaming and maintenance industries. The Company creates specific product clearinghouses that make it easy for buyers to search a wide selection of products in each category they choose. All products are drop-shipped directly from manufacturers to the customer, eliminating the cost and investment required to carry inventory. Statements in this press release that are not historical facts, including those statements that refer to Trans Pacific and eDestiny's plans, prospects, expectations, strategies, intentions, hopes and beliefs, may constitute "forward looking statements" 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. Such forward-looking statements 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. involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by forward looking statement. |
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