RealTime IT News

Mediagrif Marketplaces Getting Positive Attention

[Montreal, CANADA] Mediagrif Interactive Technologies (TSE:MDF) is pleased with itself and blowing its own horn more than a little, announcing today that its Virtual Chip Exchange and PowerSource Online busdinesses are among the 25 largest independent Net Markets according to a recent survey made by Net Market Markers.

Founded in 1996, Mediagrif is a developer and operator of vertical business-to-business e-commerce marketplaces.

According to Denis Gadbois, Mediagrif president and chief executive officer, "The success of Mediagrif's engineered B2B e-commerce marketplaces relies on our complete turnkey solution which consists of our proven technology combined with operational and marketing expertise." "Strategic partnerships and industry knowledge are other components of Mediagrif's success in developing marketplaces. The findings from Net Market Makers survey establishes Virtual Chip Exchange and PowerSource Online as key players in their respective industry."

Net Market Makers released The Ground Zero 25 on December 5, 2000 -- a listing of the 25 largest independent Net Markets. The ranking was based on the marketplaces' Q3 2000 revenue. Information was obtained from SEC documents and from surveys sent to about 1,000 international Net markets. This also represents the beginning of a semi-annual list that will track the largest revenue generating players in the market.

VCE is the leading vertical marketplace for the purchase and sale of excess electronic components and for the fulfillment of spot market requirements. Membership is restricted to OEMs, CEMs, Franchised Distributors, and Component Manufacturers.

PowerSource Online.com is a subsidiary of Mediagrif. It is an established Web-based, business-to-business global trading hub and procurement system for new, used, refurbished and end-of-life computers, peripherals, and software, used by a customer base of more than 1,500 computer distributors, dealers, resellers, and service companies. It lists an inventory estimated at an astonishing $3 billion plus of old computer parts and systems. Mediagrif itself is a developer and operator of vertical business-to-business e-commerce marketplaces. It currently operates seven marketplaces serving a membership base of over 7,500 businesses located in 60 countries.