Everything-Commerce Announces First Vertical Market, Everything-Automotive.com, Providing Access to $700 Billion of $1.2 Trillion Industry Opportunity
15 March 2000
Everything-Commerce Announces First Vertical Market, Everything-Automotive.com, Providing Access to $700 Billion of $1.2 Trillion Industry Opportunity
Site to Leverage Strength of Existing Supply Chain Within Automotive Industry, Providing Immediate Access to Wide Range of Automotive Resources At All Levels for B2B and B2C Transactions - SiteProjected to Launch in Fall 2000
SAN RAMON, Calif.--March 15, 2000-- Everything-Commerce, creators of the new e-Business model for business-to-business (B2B), business-to-consumer (B2C) and consumer-to-consumer (C2C) transactions, today announced that it has selected the automotive industry as its first vertical market under their new e-Commerce plan.
Everything-Automotive will provide B2B and B2C access to approximately $700 billion of the $1.2 trillion automotive market. Under current e-Commerce models, approximately $140 billion of the market is accessible through the Internet. The company projects that B2B transactions will account for approximately 80 percent of the company's revenues. The Everything-Automotive web site is projected to launch in the fall of 2000.
Everything-Automotive is expected to change the market dynamics of the automotive industry by offering participating suppliers the opportunity to form relationships with all sizes of automotive retailers, wholesalers and manufacturers. Businesses will have the opportunity to grow sales revenues, increase market share and provide greater customer satisfaction without investing in physical retail locations or incurring increased overhead. Customers will be able to receive the products they need from one source with innovative one-step payment and receive unparalleled customer support.
"Everything-Automotive will be the first example of the power of our e-Commerce model and how it will change the way the world does business," said Patrick T. Kelly, chairman of Everything-Commerce and creator of the new model. "Prevailing e-Commerce models assume that the Internet will largely eliminate many levels of the supply chain and the need for brick and mortar. We believe that the Internet will converge with brick and mortar and ultimately thrive as they work together. Everything-Automotive is our first opportunity to showcase that synergy."
"Everything-Commerce provides businesses and individuals with the resources to conduct e-Commerce transactions in an interactive, real-time environment," said Jaime Rupert, president and CEO of Everything-Commerce. "Our model creates, for the first time, a virtual integrated marketplace for commerce, eliminating Internet fragmentation and market silos. We project that we will capture one-half of one percent of the total $1.2 trillion automotive market."
Everything-Commerce already participates in the automotive arena, with its sponsorship of the Fenley Moore Motorsports car 15 at NASCAR events. The car is driven by Derrike Cope, winner of the 1990 Daytona 500. The NASCAR sponsorship complements Everything-Commerce's introduction of the automotive vertical market.
Advantages of Everything-Automotive
Everything-Automotive and its e-Commerce web site will offer immediate access to shopping and a wide range of exciting automotive resources specifically designed around any particular make of vehicle the customer is interested in. Available information is thorough and extensive, and is accessible through an easy to operate user interface. Virtually any product sold by participating major retailers, specialty retailers, automotive manufacturers, wholesalers and aftermarket products manufacturers can be simply and directly accessed.
About Everything-Commerce.com
Everything-Commerce, creators of the new e-Commerce business model, has developed a standardized system that maximizes the power of the Internet, introducing tremendous efficiencies and creating a more informed, convenient, practical and efficient place to transact commerce on a global basis, addressing B2B, B2C and C2C applications. The model leverages the existing supply chain to distribute and supply any product in any market, within any industry and deliver it to almost any customer, anywhere.
Everything-Commerce is headquartered in San Ramon, California. For more information, please visit http://www.everything-automotive.com.