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Wego Chemical & Mineral Corp. Joins Global Healthcare Exchange as a Distributor Member.

Business, Health & Medical Editors

WESTMINSTER, Colo. and GREAT NECK, N.Y.--(BUSINESS WIRE)--Sept. 3, 2002

Wego Chemical & Mineral Corp., a U.S.-based importer and distributor of foreign manufactured products and raw materials, has joined Global Healthcare Exchange, LLC (GHX) as a distributor member. Wego Chemical plans to make its products available to healthcare providers purchasing products through GHX's Internet-based electronic trading exchange.

Wego officials say they chose to join GHX as a means to more efficiently supply products to their customers at a significant cost savings to both buyer and seller. "Wego has an ongoing commitment to reducing operational costs, not only for our company, but also for our bottom-line driven customers," says Wego President Bert Eshaghpour, Ph.D. "Making the purchasing and fulfillment process more efficient through our involvement with GHX is the perfect complement to our existing strategic warehouse capabilities that ensure just-in-time delivery for our customers."

GHX is building the healthcare industry's first standards-based catalog, with normalized data verified, maintained and owned by suppliers. The accuracy of the GHX AllSource(TM) catalog, combined with GHX's deep connectivity between suppliers, distributors and healthcare providers, among others, enhances the efficiency of the purchasing process.

"The more members of the healthcare supply chain who participate in GHX, and the greater the variety of products available through the AllSource catalog, the more GHX will be able to deliver on the value of e-commerce," says GHX President Mike Mahoney. "We welcome Wego Chemical to our growing list of distributor members."

About Wego Chemical & Mineral Corporation

Wego Chemical & Mineral Corp. is an international distributor of a large range of products servicing a variety of industries including, but not limited to, agriculture; colorant: cosmetic and personal care; detergent & compounders; flux and metal; food, feed and beverage; organic intermediates; halogenated aromatics; mining: pharmaceutical and fine chemicals; photographic; pulp and paper; textile; water treatment and pool; and medical supplies. In its 22nd year of operation, Wego Chemical & Mineral Corp. has evolved into a diverse company employing over 60 professionals across the globe and international offices based in Asia, Europe and South America. Wego's business direction and philosophy revolves around developing new supply sources from manufacturers within the Far East with strong emphasis in China, Taiwan, Korea and India. Wego's four offices in strategic geographic locations in Mainland China provides the ability to strengthen relationships with existing suppliers and create an environment which allows Wego to better locate and develop sources for new business units. Sales markets for Wego's wide product lines have been developed throughout Asia, Europe, Latin America, North America and South America. Wego's domestic distribution channels are implemented by its network of over 20 warehouse locations to meet client demands for "Just in Time" delivery service. Through its strong network and relationship with overseas factories, Wego is able to support its clients with significant cost savings on approved quality products. For more information, visit www.wegochem.com or contact sales@wegochem.com.

About Global Healthcare Exchange (GHX)

Global Healthcare Exchange, LLC (GHX) has created an open and neutral Internet-based trading exchange, along with additional value-added products and services, to reduce costs and improve efficiencies for all participants in the healthcare supply chain. GHX's members and strategic partners include suppliers and distributors; integrated delivery networks (IDNs), hospitals and ancillary healthcare facilities; group purchasing organizations and their proprietary healthcare trading exchanges; and supply chain technology companies. GHX has built the AllSource(TM) product catalog, the first in healthcare to be based on industry standards and contain normalized data owned and verified by suppliers. The accuracy of the AllSource catalog enables GHX to successfully address many of the most common and costly problems inherent in healthcare procurement. Equity owners of GHX include Johnson & Johnson; GE Medical Systems; Baxter International, Inc.; Abbott Laboratories; Medtronic, Inc.; AmerisourceBergen Corporation; B. Braun Medical Inc., Becton, Dickinson & Co.; Boston Scientific Corporation; Cardinal Health, Inc.; C.R. Bard, Inc.; Fisher Scientific International Inc.; Guidant Corporation; McKesson Corporation; Siemens Medical Solutions and Tyco International, Ltd. For more information visit www.ghx.com.
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Comment:Wego Chemical & Mineral Corp. Joins Global Healthcare Exchange as a Distributor Member.
Publication:Business Wire
Geographic Code:1USA
Date:Sep 3, 2002
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