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New Group Working to Stimulate Canadian E-Business

IBM Canada President and CEO John Wetmore this week announced the membership and first meeting of the e-business Acceleration Team, a blue-ribbon panel of industry leaders and a follow-on activity for the Canadian E-business Opportunities Roundtable.

The e-business Acceleration Team has taken on the mission of creating a sense of awareness and urgency for Canadian companies to adopt e-business by reengineering their business models to compete effectively in a networked world.

"Canada has not embraced e-business at the rate we're seeing in the United States, which means that the Canadian economy may miss many of the benefits of this economic driver," said Wetmore, who is also chairman of the E-business Acceleration Team.

"Canada's share of global electronic commerce was about seven percent at the beginning of last year but is projected to drop to four percent in 2003 unless Canadian businesses move quickly and implement e-business models."

According to the January, 2000 Report of the Canadian E-business Roundtable, if Canada embraces e-business, its Internet-based economy could climb to $156-billion in revenues and create 180,000 incremental high value jobs by 2003, substantially increasing national productivity and international competitiveness.

"There's a significant amount of work that has to take place over the next year if Canadian business is going to close the gap with the U.S. and get our share of this opportunity," said Wetmore.

"With the E-business Acceleration Team, we are well positioned to move toward the goal line."

The E-business Acceleration Team, which is comprised of 21 senior level corporate executives and trade association directors, is a working group of the Canadian e-business Opportunities Roundtable.