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FOR IMMEDIATE RELEASE
Ericsson Utilizes telcobuy.com Marketplace To Procure Product and Provide Supply Chain Management Efficiencies
St. Louis---July 19, 2000---telcobuy.com,sm a comprehensive, Internet based, business-to-business e-marketplace for the buying and selling of telecommunications infrastructure products and services to the service provider market announced that Ericsson has selected telcobuy.com's e-marketplace to web enable the procurement of installation materials and distribution of both cellular and transport switches, to support network deployment throughout the U.S. Ericsson is a world-leading supplier of communications solutions for mobile and fixed networks as well as consumer telecommunications products.
Using telcobuy.com's B2B solution, Ericsson will have point and click, 24 x 7 access to a fully automated, secure and real-time view of critical information to meet aggressive network turn-up schedules that streamline its network build out for their customers. telcobuy.com's web tools include order tracking, order history, inventory information and customized material listings that allow Ericsson personnel to improve productivity and speed approval and authorization from order placement to fulfillment and delivery.
"We are pleased to have added such a significant new participant to the telcobuy.com marketplace in extending our services to Ericsson. By aggregating availability to a broad range of mission critical components and information, while creating anytime, anywhere availability for authorized procurement, project management and engineering personnel, telcobuy.com will assist Ericsson in meeting their customers' time to market demands" stated Mark Catalano, president and chief operating officer of telcobuy.com.
About telcobuy.com
telcobuy.com provides a comprehensive, vendor-neutral, Internet-based, business-to-business marketplace for the buying and selling of telecommunications infrastructure products and services. The marketplace helps participants build-out and upgrade telecommunications networks more quickly, more efficiently and at a lower cost than by traditional means. Headquartered in St. Louis, telcobuy.com has offices in Plano, Tx and Livermore, Calif. In January, telcobuy.com received $25 million in venture capital. telcobuy.com counts leading Bell Operating companies and their suppliers as its customers. Last year, the company earned revenues exceeding $246 million, and for the first six months of 2000, revenues have exceeded $285 million (www.telcobuy.com).
telcobuy.com is a service mark of telcobuy.com, LLC. All other company and product names are property of their respective owners.
This press release contains various remarks about the future expectations, plans and prospects of telcobuy.com that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. The actual results of telcobuy.com may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Risk Factors section of telcobuy.com's Registration Statement on Form S-1, which is on file with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of telcobuy.com nor shall there be any sale of the securities of telcobuy.com in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.