iSolve.com and World Trading to Join Forces in Automotive Aftermarket
17 February 2000
iSolve.com and World Trading to Join Forces in Automotive Aftermarket; Instant Access to Surplus Auto Parts on New E-Commerce Site
STAMFORD, Conn.--Feb. 17, 2000--largest business-to-business market for surplus automotive parts
on the Web.
World Trading brings to iSolve significant expertise in
automotive retail, wholesale, surplus and export.
Buyers on iSolve.com will gain instant access to surplus auto
parts in thousands of supply categories, and sellers will gain
significant export market opportunities in 50 countries.
Automotive aftermarket accounted for $160 billion in retail sales
worldwide in 1999.
Buyers on iSolve.com, a new, full-service web site for business-to-business surplus inventory, will soon have instant on-line access to surplus automotive spare parts in thousands of supply categories. iSolve today announced a strategic alliance with World Trading of Sugar Land, Texas, one of the largest export suppliers of surplus automotive spare parts in the United States. The alliance creates the largest surplus automotive business-to-business vertical on the Internet, where buyers and sellers can execute complete transactions online.
World Trading will also bring to the iSolve web site export market opportunities to more than 50 countries for sellers of surplus auto parts, providing expanded markets and channel controls to protect the sellers' existing distribution channels.
According to the Automotive Aftermarket Industry Association (AAIA), the automotive aftermarket, which includes the service repair, do-it-yourself (DIY) and tire markets, accounted for $160 billion in retail sales worldwide in 1999. The service repair or do-it-for-me (DIFM) market includes all parts, chemicals and accessories as well as labor required for the repair or maintenance of cars and light trucks.
"iSolve is all about turning idle and excess assets into sales and providing great deals for buyers, while supporting the entire transaction," remarked Lance Lundberg, chairman of iSolve. "World Trading will help make this happen on a global scale for transactions in surplus auto parts on our web site. They bring vast experience and support services to the process, as well."
Total, end-to-end solutions for pricing issues, distribution and logistics services and settlement options will be provided by iSolve.com. Strategic partner World Trading adds its automotive experience in wholesale, retail, surplus and export to support the transaction needs of buyers and sellers. World Trading also owns and operates more than 500,000 square feet of warehousing facilities in Texas..
"iSolve provides us with the opportunity to move World Trading and our extensive network of sellers into the global e-commerce marketplace," said David Fleishman, a principal of World Trading. "We will now be able to provide our clients with instant access to new markets around the world, not only for surplus automotive parts, but for other excess inventory that they might have on-hand as well."
About iSolve.com
Headquartered in Stamford, CT, iSolve.com is scheduled to launch its web site during the first quarter of 2000. iSolve actively matches buyers and sellers of underutilized assets and idle capacity while providing them the opportunity to leverage the company's extensive vertical and merchant expertise in creating value from unproductive balance sheet assets. Buyers worldwide gain access to a wide range of well-priced goods. iSolve actively facilitates successful e-commerce transactions throughout the world and provides comprehensive services for end-to-end merchandising, settlement, logistics and distribution management. The Company guarantees that all goods listed on its site will receive an offer within 30 days.
About World Trading
Headquartered in Sugar Land, Texas, World Trading is one of the country's largest export suppliers of surplus automotive spare parts. With over one million square feet of merchandise in warehouses across the U.S., World Trading is actively engaged in buying and selling surplus automotive parts in over 50 countries throughout the world, including North America, Latin America, South America, the Caribbean, the Middle East, Europe, Asia and Africa. World Trading acquires its inventory from the largest auto manufacturers in America and sells to prominent wholesalers internationally. For more information on World Trading call 1-281-565-5457.