ICGE neues joint venture - 500 Beiträge pro Seite

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Hier news über Internet Capital


DuPont and Internet Capital Group Partner to Accelerate E-Commerce Development in Major Industrial Markets
PR Newswire, 02/18/2000 08:18


WILMINGTON, Del., Feb. 18 /PRNewswire/ -- DuPont (NYSED) and Internet Capital Group (NASDAQ:ICGE) today announced the formation of a joint venture that will bring greater reach, lower transaction costs, increased productivity and service to buyers and sellers of industrial goods and services worldwide.





The joint venture, called CapSpan, will leverage Internet Capital Group`s business-to-business (B2B) expertise in building web-based marketplaces and DuPont`s industry knowledge and strength as a large-volume buyer and supplier. Together, they will drive the development and success of neutral marketplaces with other strategic partners, including some of the companies within Internet Capital Group`s network of more than 55 partner companies.





CapSpan combines the knowledge and experience of DuPont, a major industrial corporation, with the speed, technology and expertise of Internet Capital Group, the Internet`s premier B2B operating company. CapSpan will provide management, growth capital, financial, technical and infrastructure capabilities designed to accelerate the development of B2B e-commerce, initially targeting areas such as apparel, chemicals, construction and e-procurement.





The joint venture facilitates DuPont`s strategy to capitalize on global opportunities in the rapidly emerging Internet economy while preserving its strong presence in traditional markets and distribution channels. The newly formed company also strengthens Internet Capital Group`s position as a leading B2B e-commerce company by using DuPont`s significant presence as a buyer and seller in several markets to fuel the growth of its collaborative network of partner companies.





"We selected Internet Capital Group because they can most readily help us capitalize on opportunities in the rapidly emerging Internet economy," said Charles O. Holliday, Jr., DuPont chairman and CEO. "For DuPont, that means we can create wealth from our industry sector expertise, achieve transactional efficiencies, extend the reach of our existing businesses, and create entirely new business opportunities."





According to industry analysts, the value of the U.S. B2B e-commerce market in 2004 could total as much as $7.3 trillion. The joint venture will allow DuPont and Internet Capital Group to combine their expertise from the industrial world and the Internet world to achieve success in this enormous market opportunity.





"CapSpan provides the necessary ingredients for market success: liquidity, industry sector knowledge, strategic relationships and technology infrastructure," said Walter Buckley, president and CEO of Internet Capital Group. "This joint venture gives Internet Capital Group and its partner companies instant access to the worldwide industry expertise and transaction volume of DuPont and other large corporations, thereby promoting the success of the marketplaces CapSpan enters."





Erik Fyrwald, DuPont`s vice president of e-commerce and new business development, will become CEO of CapSpan. Skip Maner, Internet Capital Group`s vice president of acquisitions, will become chief operating officer. Both Holliday and Buckley will serve on CapSpan`s board of directors. CapSpan will be based in Wayne, Pa.





DuPont (www.dupont.com) is a science company, delivering science-based solutions that make a difference in people`s lives in food and nutrition; health care; apparel; home and construction; electronics; and transportation. Founded in 1802, the company operates in 65 countries and has 97,000 employees.





Internet Capital Group (http://www.internetcapital.com) is an Internet holding company actively engaged in business-to-business e-commerce through a network of partner companies. It provides operational assistance, capital support, industry expertise, and a strategic network of business relationships intended to maximize the long-term market potential of more than 55 business-to-business e-commerce partner companies. Headquartered in Wayne, Pa., Internet Capital Group has offices in San Francisco, Boston, Seattle and London.





Safe Harbor Statement under Private Securities Litigation Reform Act of 1995.



The statements contained in this press release that are not historical facts are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future performance of our partner companies, acquisitions of interests in additional partner companies, additional financing requirements, the effect of economic conditions in the B2B e-commerce market and other uncertainties detailed in the Company`s filings with the Securities and Exchange Commission.





Forward-Looking Statements: This news release contains forward-looking statements based on management`s current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company`s strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in DuPont`s filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions of countries in which the company does business; competitive pressures; successful integration of structural changes, including acquisitions, divestitures and alliances; research and development of new products, including regulatory approval and market acceptance, and seasonality of sales of agricultural products SOURCE DuPont





-0- 02/18/2000

[euroyen]

21.2.2000

Neue NEws!


PaperExchange.com and International Paper Announce Strategic Agreement; Paper Industry Giant Endorses E-Commerce Exchange With Provision of Products for Online Sale
BusinessWire, 02/21/2000 10:02


BOSTON--(BUSINESS WIRE)--Feb. 21, 2000--PaperExchange.com, L.L.C., the global e-business marketplace for the pulp and paper industry, and International Paper, (NYSE:IP), the world`s largest paper and forest products company, today announced that they have entered into a strategic alliance and listing agreement. As a part of the alliance, International Paper will work with PaperExchange.com to begin listing products through the PaperExchange.com web site, giving PaperExchange.com members online access to certain International Paper products. International Paper and PaperExchange.com will also plan an integration project in a limited number of International Paper locations to link International Paper to the PaperExchange.com web site to facilitate online transactions. This alliance will further enhance PaperExchange.com`s global e-marketplace for the pulp and paper industry.





"We see PaperExchange.com as an e-commerce leader in our industry, and the obvious partner of choice as we accelerate International Paper`s progress in global e-business," said John Dillon, CEO of International Paper. "Our alliance with PaperExchange.com offers both strategic and operational benefits. Using its Internet-based marketplace technology should result in considerable transactional and operational efficiencies for our worldwide operations."





In addition to offering its products to buyers and resellers on the PaperExchange.com site, International Paper and PaperExchange.com will work together to plan an integration project to link the PaperExchange.com technology with International Paper`s own internal, back-end systems at selected operations to accelerate International Paper`s movement into e-space.





"International Paper has always been a forward-thinker in the paper industry, and we are very pleased that they have chosen to work with PaperExchange.com in this most important effort," said Kent A. Dolby, CEO and President of PaperExchange.com. "We believe this alliance will enable International Paper to achieve efficiencies in its internal processes and to leverage our learnings in their e-commerce initiatives."





Dolby added, "PaperExchange.com is committed to neutrality, and the International Paper strategic alliance was specifically structured to abide by this unbending principle. Our recently completed Ernst & Young L.L.P. CyberProcess Certification is just another example of this commitment."





In connection with the listing and strategic alliance agreement, International Paper has also made an equity investment in PaperExchange.com.





About International Paper





International Paper (www.internationalpaper.com) is the world`s largest paper and forest products company. Businesses include printing papers, packaging, building materials, chemical products and distribution. As the largest private landowner in the U.S., the company manages its forest under the principles of the Sustainable Forestry Initiative (SFISM) program, a system that ensures the perpetual growing and harvesting of trees while protecting wildlife, plants, soil, air and water quality. Headquartered in the United States at Purchase, N.Y., International Paper has operations in nearly 50 countries, employs nearly 100,000 people and exports its products to more than 130 nations.





About PaperExchange.com





PaperExchange.com, L.L.C., is the world`s largest online marketplace for the pulp and paper industry. A global e-business trading tool designed by the paper industry for the paper industry, PaperExchange.com has members in more than 75 countries. All paper is bought and sold by members through private, secured, anonymous transactions. PaperExchange.com does not share its member list or transaction information. The proven PaperExchange.com model delivers new levels of efficiency, convenience, choice and flexibility to the pulp and paper industry. Founded in 1996 with a containerboard-only focus, PaperExchange.com today generates complete transactions in all major grades of paper. PaperExchange.com investors include The Kraft Group, Internet Capital Group (NASDAQ:ICGE), Madison Dearborn Partners, David Wetherell and Roger Stone, an internationally renowned paper industry figure. PaperExchange.com is headquartered in Boston, Massachusetts, U.S.A. For more information, please visit http://www.paperexchange.com or call 617-536-4310.