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EuropeanInvestor.com to Launch B2B E-Sourcing Site

[London, ENGLAND] Integrated financial solutions provider EuropeanInvestor.com (EIC) is launching www.eic-corporate.com on Monday, October 16, aiming to promote B2B e-sourcing services to leading businesses in Europe.

While a number of companies in the U.K., Europe and the U.S. are already using EIC's corporate solutions, the new site will make it easier for EIC to reach the intended market.

On the new Web site there will be financial content and full details of services such as project management, technical development, and Web consultancy, design and hosting.

Piet van de Velde, chief executive of EuropeanInvestor.com, said that focusing on the provision of technology and content to businesses would give EIC great potential for future growth and global expansion.

"By licensing our products to several clients, EIC captures multiple revenue streams and benefits from the economies of scale whilst delivering state-of-the art services to our corporate clients," said van de Velde.

Banks already using the EIC Corporate Solution to power the Web sites include first-e in the U.K. and Germany, Citbank in Belgium and Banque et Caisse d'Epargne de l'Etat in Luxembourg.

Among telecoms companies using EIC are BT Cellnet in the U.K., Proximus and KPN Orange in Belgium, and Swisscom in Switzerland.

The solution is also used by some major Internet players such as Wanadoo in Belgium and the Netherlands, and by Intranets.com and Shareholder.com in the U.S.

One of the key features of the main EuropeanInvestor.com site is the sheer range of its coverage. For example, it provides very extensive listings for fourteen European stock markets: London, Frankfurt, Paris, Euro.NM, Amsterdam, Brussels, Helsinki, Milan, Oslo, Stockholm, Copenhagen, EASDAQ, Madrid and Zurich.

EuropeanInvestor.com aggregates financial news from many sources, including Reuters, AFX News, PR Newswire, Business Wire, Company News, PR Line, Barra and Market Guide.

By introducing the new B2B site, EuropeanInvestor.com expects that 80 percent of its revenue will be generated from B2B sourcing contracts by 2002.



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